Global MRO Software Market

MRO Software Market: Insights

The global MRO software market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing demand for aviation maintenance software and services from MRO companies along with the increased demand for predictive, prescriptive, and condition-based maintenance through data shared by connected aircraft are some of the major factors driving the market growth. The increasing investments for the development of new and advanced software as well as adoption of software as a service drive the productive growth of the market. Moreover, growing adoption of AI, Big Data, and IoT by MROs also boosts the growth of the market. However, stringent government regulations, rising concerns over cybersecurity /data security, and high cost in gathering data are some of the factors restraining the growth over the coming years.

MRO Software Market Size: By Function

Based on function, the market is segmented into maintenance management, operations management, business management, electronic flight bag & logbook management. The maintenance management segment is expected to hold the largest market share during the forecast period. It is further segmented into base maintenance, engine maintenance, fleet management, and line maintenance. Demand from operators and MROs for efficient management of heavy maintenance checks is expected to increase the demand for basic maintenance MRO software module during the forecast period.

MRO Software Market Size: By Solution

Based on solution, the market is segmented into software, and services. The software segment is expected to grow at a high CAGR during the forecast period. The increase in the need to upgrade the legacy management information system (MIS) to digital MRO software in aviation is driving the market growth.

MRO Software Market Size: By Pricing Model

Based on the pricing model, the MRO Software market is segmented into subscription model, and ownership model. The subscription model segment is expected to grow at a high CAGR as it is widely used by users of MRO software due to its advantages of low cost and flexibility of use. Moreover, subscriptions are generally renewed on a monthly or annual basis, which encourages the software provider to demonstrate the continuous value of the software and to build relationships with customers.

MRO Software Market Size: By End-User

Based on end-user, the MRO Software market is segmented into operators, OEMs, MROs, and lessors. The MROs segment is expected to grow at a high CAGR due to growing digitization trend in the aviation MRO industry. The MRO industry uses aviation MRO software tool to improve functional efficiency in various aviation MRO activities, such as service, maintenance, upgrade and retrofitting of various aircraft engines, spare parts, components and systems.

MRO Software Market Size: By Region

Based on region, the global MRO Software market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America region is expected to hold the largest market share during the forecast period due to a large aircraft fleet in the U.S., and rising need for analytics in improving services industries, are some of the factors driving the market growth. Moreover, an increase in government funding for research & development activities is also propelling the market growth. Furthermore, Asia Pacific is expected to grow at a high CAGR during the forecast period. The increasing advancements and development of sophisticated drone software in China drive the substantial growth of the market. Growing aircraft fleet and the presence of major aircraft maintenance and repair facilities in countries such as China and Singapore that adopt MRO software is driving the market growth.

MRO Software Market Share & Competitor Analysis

Some of the key players operating in the MRO software market include: IBS Software, GE Aviation, EmpowerMX, Seabury Solutions, C.A.L.M. Systems Inc, AV-BASE Systems, Inc., Rusada, Ramco Systems, Boeing, SAP, Sopra Steria, Aviation Intertec Services, Oracle Corporation, INFOR, Trax IFS AB, AircraftIT, HCL Technologies Limited, Fly Online Tools, and Traceware Limited, among others.

Please note: This is not an exhaustive list of companies profiled in the report.

• 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