OEM-Affiliated MRO Poised For Huge Growth In The Aircraft MRO Software Market
Global aircraft MRO software market is expected to witness a CAGR of 5.55% to reach $1,130.8 million by 2025
Bangalore, India, June 6, 2019: With its recently published study “Global aircraft MRO Software Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research estimates high demand for MRO software could provide customized solutions catering to the demands of the airlines. Global aircraft MRO software market is witnessing several changes associated with the growing focus on big data and analytics in the aviation industry.
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The increasing need for upgrading MRO software is also driving the market. Latest version of software assures time savings and more efficient work process by incorporating new features as per the feedback from previous versions of the software. China Airlines uses Maintenix by IFS as their MRO software. The airline does a time-quality-cost assessment every month to make sure that the current version of the software helps to generate considerable savings and increase work efficiency. This trend is expected to continue during the forecast period 2019–2025, fueling the market growth at a CAGR of 5.55% to reach $1,130.8 million by 2025.
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APAC is the largest contributor within the global aircraft MRO software market. Many MRO companies have started more investment in APAC for setting up new offices and/or expanding their current offices. In Europe, MRO centers are trying to expand the volume by adding more capacity across shop floor and through operational improvements. In North America, most of the MRO activities is expected to be focused in retrofitting, especially in the US.
“An operator chose an MRO software provider based on cost, on-time performance, quality of the service, time consumption, expertise, geographic proximity, and data analytics services provided by the MRO” said Arjun Das, Senior Research Analyst, Infoholic Research.
Key insights of the report include:
- Third party and Independent MRO
- In-house airline MRO
- OEM-affiliated MRO
- North America
- Industry outlook: Market trends, drivers, restraints, and opportunities