Digital MRO Market - Global Industry Analysis

Digital MRO Market - By Technology (Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, and IOT), By End-User (MROs, Airlines, and OEMs), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 26-May-2021 Category: Technology & Media Report Format : PDF Pages: 120 Report Code: ZMR-6320 Status : Published

The global Digital MRO market accrued earnings worth approximately 600 (USD Million) in 2019 and is predicted to gain revenue of about 900 (USD Million) by 2026, is set to record a CAGR of nearly 11.2 % over the period from 2020 to 2026.

Description

The global Digital MRO market accrued earnings worth approximately 600 (USD Million) in 2019 and is predicted to gain revenue of about 900 (USD Million) by 2026, is set to record a CAGR of nearly 11.2 % over the period from 2020 to 2026. The report offers assessment and analysis of the Digital MRO market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Digital MRO Market: Overview

Improving speed, reliability, and costs reduction of airline services has become top-most priority for airline firms and this has prompted to shift towards digitization of MRO services. Moreover, digital technologies are likely to push the revenue rate of the aviation industry in the near future and hence digital MRO services will be the focal point or centroid of the aerospace sector in the upcoming years. Massive impact of COVID-19 pandemic on aviation operations & business as well as on its performance has forced the fleet owners as well as fleet service providers to go for digitization of MRO services and this will create new growth avenues for digital MRO industry in the upcoming years. Furthermore, MRO services are the major components of production business and can offset the adverse effect of COVID -19 crises on sale of aerospace & defense equipment. Additionally, digital MRO services will increment the profitability of aviation business in the near future and will create huge growth prospects for aircraft & defense sectors.

Global Digital MRO Market

Digital MRO Market: Driving Factors

Surge in the funding of aviation sector and rise in the acceptance of new technologies including connected things, AI, and big data will open new vistas of growth for digital MRO industry over 2020-2026. Apart from this, purchase of new airplanes will promote large scale funding of digital MRO services, thereby driving market trends. In addition to this, constant expansion of aerospace technologies coupled with acceptance of robotics in aviation industry will steer the growth of digital MRO industry over forecast timeline. Apparently, use of augmented reality and virtual reality technologies in aviation sector will further promulgate the business landscape over the forthcoming years.

In addition to this, humungous popularity of MRO solutions across developed economies will create new growth avenues for industry over the forecast timeline. With airplane manufacturers, aircraft engine producers, and MRO service providers constantly requiring strong tools or platforms for ensuring smooth functioning of maintenance & production operations, the digital MRO industry is likely to gain momentum in the years ahead. Digitization has become a growing trend & catch phrase of each industry and the service industry is no exception to this and hence the digital MRO industry is likely to witness accelerated growth over the upcoming years.

North American Market To Garner Massive Returns Over 2020-2026

The expansion of digital MRO market in North America over the forecast period is due to rise in the presence of major players such as Boeing, Bombardier, and Airbus in the countries such as the U.S. and Canada. In addition to this, need for improved MRO solutions coupled with requirement of digital transformation of aircraft maintenance repair and overhaul services will steer the regional industry surge over 2020-2026.

Key players profiled in the report include Boeing, IBM Corporation, HCL Technologies Limited, SAP SE, Ramco Systems Limited, Oracle Corporation, IFS AB, TRAXXALL TECHNOLOGIES, Honeywell International Inc., and General Electric.

The global Digital MRO Market is segmented as follows:

By Technology

  • Predictive Maintenance
  • AR/VR
  • 3D Printing
  • Blockchain
  • Artificial Intelligence
  • Robotics
  • Big Data Analytics
  • Digital Twin
  • IOT

By End-User

  • MROs
  • Airlines
  • OEMs

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Digital MRO Market, 2016–2026(USD Million)
    • 2.2. Digital MRO Market: Snapshot
  • Chapter 3. Global Digital MRO Market– Technology Analysis
    • 3.1. Digital MRO Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Humungous popularity of MRO sulutions across developed economies will generate lucrative growth avenues for industry over the forecast timeline.
      • 3.2.2. Large-scale utilization of augmented reality and virtual reality technulogies in aviation industry will propagate the business space over the forthcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Technology
      • 3.4.2. Market attractiveness analysis By End-User
  • Chapter 4. Global Digital MRO Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Digital MRO Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Service launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Digital MRO Market– Technology Analysis
    • 5.1. Global Digital MRO Market overview: By Technology
      • 5.1.1. Global Digital MRO Market share, By Technology , 2019 and 2026
    • 5.2. PREDICTIVE MAINTENANCE
      • 5.2.1. Global Digital MRO Market by PREDICTIVE MAINTENANCE, 2016–2026(USD Million)
    • 5.3. AR/VR
      • 5.3.1. Global Digital MRO Market by AR/VR, 2016–2026(USD Million)
    • 5.4. 3D Printing
      • 5.4.1. Global Digital MRO Market by 3D Printing, 2016–2026(USD Million)
    • 5.5. Blockchain
      • 5.5.1. Global Digital MRO Market by Blockchain, 2016–2026(USD Million)
    • 5.6. Artificial Intelligence
      • 5.6.1. Global Digital MRO Market by Artificial Intelligence, 2016–2026(USD Million)
    • 5.7. Robotics
      • 5.7.1. Global Digital MRO Market by Robotics, 2016–2026(USD Million)
    • 5.8. Big Data Analytics
      • 5.8.1. Global Digital MRO Market by Big Data Analytics, 2016–2026(USD Million)
    • 5.9. Digital Twin
      • 5.9.1. Global Digital MRO Market by Digital Twin, 2016–2026(USD Million)
    • 5.10. IOT
      • 5.10.1. Global Digital MRO Market by IOT, 2016–2026(USD Million)
  • Chapter 6. Global Digital MRO Market– End-User Analysis
    • 6.1. Global Digital MRO Market overview: By End-User
      • 6.1.1. Global Digital MRO Market share, By End-User, 2019 and 2026
    • 6.2. MROs OEMs
      • 6.2.1. Global Digital MRO Market by MROs , 2016–2026(USD Million)
    • 6.3. Airlines
      • 6.3.1. Global Digital MRO Market by Airlines, 2016–2026(USD Million)
    • 6.4. OEMs
      • 6.4.1. Global Digital MRO Market by OEMs, 2016–2026(USD Million)
  • Chapter 7. Company Profiles
    • 7.1. Boeing
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Service Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. IBM Corporation
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Service Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. HCL Technulogies Limited
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Service Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. SAP SE
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Service Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Ramco Systems Limited
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Service Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Oracle Corporation
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Service Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. IFS AB
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Service Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. TRAXXALL TECHNOLOGIES
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Service Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Honeywell International Inc.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Service Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development
    • 7.10. General Electric
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Service Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Digital MRO Market, 2016–2026(USD Million)
4. Porter’s Five Forces Analysis
5. Global Digital MRO Marketattractiveness, By Technology
6. Global Digital MRO Marketattractiveness, By End-User
7. Global Digital MRO Marketshare by Technology ,2019 and 2026 (USD Million)
8. Global Digital MRO Marketby PREDICTIVE MAINTENANCE, 2016–2026(USD Million)
9. Global Digital MRO Marketby AR/VR, 2016–2026(USD Million)
10. Global Digital MRO Marketby 3D Printing, 2016–2026(USD Million)
11. Global Digital MRO Marketby Blockchain, 2016–2026(USD Million)
12. Global Digital MRO Marketby Artificial Intelligence, 2016–2026(USD Million)
13. Global Digital MRO Marketby Robotics, 2016–2026(USD Million)
14. Global Digital MRO Marketby Big Data Analytics, 2016–2026(USD Million)
15. Global Digital MRO Marketby Digital Twin, 2016–2026(USD Million)
16. Global Digital MRO Marketby IOT, 2016–2026(USD Million)
17. Global Digital MRO Marketshare by End-User ,2019 and 2026 (USD Million)
18. Global Digital MRO Marketby MROs , 2016–2026(USD Million)
19. Global Digital MRO Marketby Airlines, 2016–2026(USD Million)
20. Global Digital MRO Marketby OEMs, 2016–2026(USD Million)
21. Global Digital MRO Marketshare, by Region, 2019 and 2026
22. North America Digital MRO Market, 2016–2026(USD Million)
23. Europe Digital MRO Market, 2016–2026(USD Million)
24. Asia Pacific Digital MRO Market, 2016–2026(USD Million)
25. Latin America Digital MRO Market, 2016–2026(USD Million)
26. The Middle East and Africa Digital MRO Market, 2016–2026(USD Million)
 


List of Tables

1. Global Digital MRO Market: snapshot
2. Drivers of the Digital MRO Market: impact analysis
3. North America Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
4. North America Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
5. The U.S. Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
6. The U.S. Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
7. Rest of North America Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
8. Rest of North America Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
9. Europe Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
10. Europe Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
11. UK Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
12. UK Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
13. France Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
14. France Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
15. Germany Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
16. Germany Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
17. Rest of Europe Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
18. Rest of Europe Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
19. Asia Pacific Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
20. Asia Pacific Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
21. China Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
22. China Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
23. Japan Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
24. Japan Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
25. India Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
26. India Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
27. Rest of Asia Pacific Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
28. Rest of Asia Pacific Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
29. Latin America Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
30. Latin America Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
31. Brazil Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
32. Brazil Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
33. Rest of Latin America Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
34. Rest of Latin America Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
35. The Middle East and Africa Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
36. The Middle East and Africa Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
37. Saudi Arabia Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
38. Saudi Arabia Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
39. South Africa Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
40. South Africa Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
41. Rest of the Middle East & Africa Digital MRO Market revenue, By Technology  ,2016–2026(USD Million)
42. Rest of the Middle East & Africa Digital MRO Market revenue, By End-User  ,2016–2026(USD Million)
 
 

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FrequentlyAsked Questions

Surge in the funding of aviation sector and rise in the acceptance of new technologies including connected things, AI, and big data will open new vistas of growth for digital MRO industry over 2020-2026. Apart from this, purchase of new airplanes will promote large scale funding of digital MRO services, thereby driving market trends. In addition to this, constant expansion of aerospace technologies coupled with acceptance of robotics in aviation industry will steer the growth of digital MRO industry over forecast timeline. Apparently, use of augmented reality and virtual reality technologies in aviation sector will further promulgate the business landscape over the forthcoming years.

Additionally, humungous popularity of MRO solutions across developed economies will create new growth avenues for industry over the forecast timeline. With airplane manufacturers, aircraft engine producers, and MRO service providers constantly requiring strong tools or platforms for ensuring smooth functioning of maintenance & production operations, the digital MRO industry is likely to gain momentum in the years ahead. Digitization has become a growing trend & catch phrase of each industry and the service industry is no exception to this and hence the digital MRO industry is likely to witness accelerated expansion over the upcoming years.

According to Zion market research report, the global Digital MRO market accrued earnings worth approximately 600 (USD Million) in 2019 and is predicted to gain revenue of about 900 (USD Million) by 2026, is set to record a CAGR of nearly 11.2 % over the period from 2020 to 2026.  

North America will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to rise in the presence of major players such as Boeing, Bombardier, and Airbus in the countries such as the U.S. and Canada. In addition to this, need for improved MRO solutions coupled with requirement of digital transformation of aircraft maintenance repair and overhaul services will steer the regional industry surge over 2020-2026.

The key market participants include Boeing, IBM Corporation, HCL Technologies Limited, SAP SE, Ramco Systems Limited, Oracle Corporation, IFS AB, TRAXXALL TECHNOLOGIES, Honeywell International Inc., and General Electric.

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