The digital MRO market is estimated to be USD 0.96 billion in 2023 and is projected to reach USD 2.0 billion by 2030, at a CAGR of 13.0% during the forecast period according to a new report . The increasing adoption of digital technologies by medium and small MROs and airlines is driving the growth of the digital MRO market.
Based on application, the predictive maintenance segment is estimated to lead the digital MRO market during the forecast period.
The predictive maintenance segment is projected to grow at the highest CAGR in the digital MRO industry during the forecasted period. The growth of this market is due to the reduced aircraft downtime and MRO costs. Increased adoption of digital technologies to predict failures by large MROs, OEMs and airlines is expected to drive the predictive maintenance segment of the market.
Based on end-user, the MROs segment is estimated to lead the digital MRO market during the forecast period.
Based on end-user, the MROs segment is projected to grow at the highest CAGR in the digital MRO market during the forecasted period. The growth of this market is attributed to the increased focus on enhancing the IT capabilities by shifting from ERP module to digitization of the entire ecosystem.
Swiss Aviation Software
Key Product Type
Big Data Analytics
Market by Application
Based on region, the Asia Pacific segment is estimated to have the highest CAGR during the forecast period.
The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. Increased adopting digital technologies to optimize maintenance processes and reduce maintenance costs by airlines is driving the growth of this market. Increasing demand for MRO services in the manufacturing and aviation sectors is driving the digital MRO market growth.
Major players operating in the digital MRO companies are IBM (US), SAP (Germany), Ramco Systems (India), Swiss Aviation Software Inc. (Switzerland), Lufthansa Technik (Germany), and Honeywell International Inc.(US) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific and Rest of World.
Main Aspects covered in the Report
- Overview of the Digital MRO market including production, consumption, status & forecast and market growth
2017-2021 historical data and 2022-2027 market forecast
- Geographical analysis including major countries
- Overview the product type market including development
- Overview the end-user market including development