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Aviation MRO Software Market Size USD 8.1 Billion by 2028

Aviation MRO Software Market Size USD 8.1 Billion by 2028

Global Aviation MRO Software Market is valued at USD 6.2 Billion in 2021 and is projected to reach a value of USD 8.1 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 4.6% over the forecast period.

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Overview

Segments Covered

DescriptionValue
By SolutionsEnterprise Resource Planning (ERP) Solutions, Point Solutions
By Deployment ModesOn Premise, Cloud
By ApplicationsCommercial, Military
By End-UsersAirlines, MRO Companies, OEMs
By RegionNorth America, Europe, Asia Pacific, Latin America, Middle East & Africa

Market Snapshots

DescriptionValue
Forecast Years:2022 - 2028
Historical Years:2016 - 2021
Revenue 2021:USD 6.2 Billion
Revenue 2028:USD 8.1 Billion
Revenue CAGR (2022 - 2028):4.6%
Fastest Growing Region (2022 - 2028) :Asia Pacific
Largest Region (2021) :North America

As stated in our extensive report; the Global Aviation MRO Software Market  accounted for USD 6.2 Billion in the year 2021.

Key Developments:

In June 2020, IBS Software has entered into a strategic partnership with cargo.one with proven integration, giving airlines seamless access to cargo.one’s rapidly growing customer base In June 2020, GE Aviation launched Health Application ID for the aviation industry. The solution focuses on three important areas: employee control, passenger control, and object control.

Market Dynamics:

The Aviation MRO Software market is highly fragmented as a result of the clear presence of a sizable number of players in various parts and regions that are actively contributing to the performance of the global market and, as a result, aid it in capturing an outstanding market share during the current forecast period that will be coming to an end. As a component of the global market, aircraft maintenance software solutions have been identified to meet the rising demand, particularly during the current forecast period that will soon come to an end. Due to their structural stability, rigid polyurethane foams are high-performance closed-cell polymers used in the end-use industries, including transportation, packaging, industrial insulations, and appliances. This enables producers to create thermally insulating products.

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Rigid foams are well suited for hard situations and extreme weather because they have sound-insulating qualities, better mechanical strength, and heat resistance. However, the Aviation MRO Software sector has been observing an increase in the frequency of elements anticipated to prevent the global market from expanding as forecasted for the next few years. Lack of understanding combined with the high cost of installing market software is anticipated to limit the ability of the global Aviation MRO Software market to expand.

The growing requirement to maintain and upgrade aging and in-service aircraft to improve performance fuels the worldwide aviation MRO market. Additionally, government measures to enforce tight laws and regulations are having a good effect on markets all over the world. In addition, it is anticipated that rising technical advancements and digitization in aviation MRO will support the market's growth over the coming years.

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During the forecast period, the Aviation MRO Software market in North America is anticipated to develop at the quickest rate. Due to the growing demand for maintenance specialists and a notable increase in new commercial aircraft deliveries in developing nations like India and China., The main cause of the growing demand for maintenance professionals, and consequently for MRO software, is growth in passenger traffic, particularly in nations like India, China, Japan, and Singapore. The existence of numerous significant Aviation MRO Software suppliers in this area contributes to the market's anticipated rapid expansion.

Conclusion

Growing demand for maintenance specialists and a notable increase in new commercial aircraft deliveries, will have a favorable impact on the overall Aviation MRO Software market.

The key players in the Aviation MRO Software Market include- IBS Software (India), Flatirons Solutions Inc. (US), Rusada (Switzerland), Sopra Steria (France), Communications Software Limited (UK), Aviation Intertec Services (Canada), GE Aviation (US), BytzSoft Technologies Pvt. Ltd. (India), Lufthansa Technik AG (Germany), Tracware Limited (UK), Aerosoft Systems Inc. (US), FLY Online Tools (US)


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Aviation MRO Software Market
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