MRO Software Market in aviation is estimated to be USD 6.9 billion in 2020 and is projected to reach USD 8.0 billion by 2025, at a CAGR of 2.9% from 2020 to 2025.

1. The report "MRO Software Market in Aviation by End User (Operators, OEMs, MROs,
Lessors), Solution (Software, Services), Deployment Type (On-premises, Cloud),
Function (Maintenance,
Operations, Business
Management), Pricing Model,
and Region - Global Forecast to
2025" in aviation is estimated to
be USD 6.9 billion in 2020 and is
projected to reach USD 8.0
billion by 2025, at a CAGR of
2.9% from 2020 to 2025.
Growing demand for predictive,
prescriptive, and condition-
based maintenance through data
shared by connected aircraft,
and increasing adoption of
software-as-a-service are the
major factors anticipated to boost the demand for MRO software in aviation during
the forecast period. Furthermore, the demand for the upgrade of legacy management
information system (MIS) to digital MRO software in aviation and the need to reduce
turnaround time (TAT) of maintenance operations are also expected to lead to a rise
in demand for aviation MRO software during the forecast period.
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Cloud segment projected to grow at a higher CAGR from 2020 to 2025
Based on deployment type, the cloud segment is anticipated to grow at a higher
CAGR during the forecast period. Cloud-based systems digitally maintain records in
the form of manuals, maintenance logs, flight plans, aircraft maintenance tracking
reports, record books for adherence to airworthiness regulations, and service
bulletins. These systems also provide fast and inexpensive management of different
types of maintenance data, offer real-time access to spare parts inventories, and send
alerts for maintenance tasks to MROs.
Maintenance management segment projected to grow at highest CAGR from
2020 to 2025
Based on function, the maintenance management segment is estimated to grow at
the highest CAGR during the forecast period. Maintenance management software
enable the monitoring of aircraft components and provide real-time data for
performance monitoring. The data from airline operators help MRO facilities make
arrangements for future planned maintenance, including labor management and
spare parts management. MRO software systems integrate maintenance, planning,
execution systems, and workforce management systems along with dashboards and
reporting tools that are used at mid-level and management levels, thus helping in
improving line, heavy, and engine maintenance of aircraft.

2. Asia Pacific MRO software market in aviation projected to grow at highest
CAGR from 2020 to 2025
Based on region, the Asia Pacific region is expected to witness substantial growth
during the forecast period. An increase in passenger traffic is the primary reason for
the increased demand for maintenance technicians, and thereby, MRO software,
especially in countries such as India, China, Japan, and Singapore. The increase in
air passengers from Asia Pacific is a result of improvements in the economic status
of the middle-class population and the introduction of low-cost carriers. According
to Boeing Commercial Outlook 2019, there will be more than 17,390 aircraft
deliveries by 2038 in Asia Pacific owing to the rise in passenger traffic. This will lead
to a surge in demand for maintenance technicians in the region. According to Boeing
Pilot & Technician Outlook, more than 266,000 new maintenance technicians will be
required in the Asia Pacific region by 2038.
Some of the major players in the MRO software market in aviation are HCL
Technologies Limited (India), SAP SE (Germany), International Business Machines
Corporation (IBM) (US), Ramco Systems Limited (India), IFS AB (Sweden), Oracle
Corporation (US), Boeing (US), Infor (US), Trax (US), Swiss AviationSoftware
(Switzerland), IBS Software (India), Rusada (Switzerland), Communications Software
Limited (UK), Flatirons Solutions, Inc. (US), Aviation Intertec Services (Canada),
BytzSoft Technologies Pvt. Ltd. (India), Tracware Limited (UK), FLY Online Tools (US),
Aerosoft Systems Inc. (US), Lufthansa Technik AG (Germany), GE Aviation (US), and
Sopra Steria (France).
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