Global Digital MRO Market Research Report—Forecast till 2027

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The Global Digital MRO Market is expected to record a 12.04% CAGR during the review period. MRO stands for Maintenance, Repair, and Overhaul are operations going through the fastest revolution in service providers. The Digital MRO uses many latest techniques of the Internet of Things (IoT), blockchain, artificial intelligence (AI), robotics, AR/VR, digital twins, and 3D printing to perform the intended operation.

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Global Digital MRO Market Research Report—Forecast till 2027

Market Snapshot
The Global Digital MRO Market is expected to record a 12.04% CAGR during the review period. MRO stands for Maintenance, Repair, and Overhaul are operations going through the fastest revolution in service providers. The Digital MRO uses many latest techniques of the Internet of Things (IoT), blockchain, artificial intelligence (AI), robotics, AR/VR, digital twins, and 3D printing to perform the intended operation.
The global digital MRO market is anticipated to witness significant market growth during the forecast period owing to rising investments in connected aircraft and the increasing adoption of advanced technologies, like big data, AI, IoT, and blockchain, by MRO providers. Moreover, the increased costs associated with the procurement of new aircraft are encouraging airlines to invest in digital MRO. However, the lack of common data standards and increased costs of MRO software suites may restrain the global Digital MRO market growth during the review period.
Market Segmentation
Global Digital MRO Market has been classified based on Technology, Application, End-User, and Region.
Based on Technology Type, the global digital MRO market has been segmented into predictive maintenance, AR/VR, 3D printing, blockchain, Internet of Things, artificial intelligence, big data analytics, robotics, and digital twin.
In terms of application type, the global digital MRO market has been divided into predictive analysis, inspection, performance monitoring, part replacement, and mobility & functionality.
By the End-User segment, the global digital MRO market has been categorized into airlines, MRO providers, and OEMs.
Rising industry initiatives to bring blockchain technology into MRO from the manufacturing sector to the logistics sector are expected to expand the growth of this segment.
Regional Analysis
The Region-specific analysis of the global Digital MRO Market has been studied across North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
North America is expected to lead the global accounted for the largest market share during the review period owing to the largest market share of 34.32% in 2019. The regional market growth is attributed to the high demand for services from the leading players based in the US and Canada. Approximately 10,000 aircraft would be operational in the region by the end of 2035, to create profitable opportunities for major market players operating to provide digital MROs in North America. The digital MRO market in North America is expected to register a 12.93% CAGR during the forecast period. Additionally, the increasing revenues of airlines headquartered in the region are anticipated to propel the growth of the regional market during the review period.
Europe is expected to register the second largest market followed by Asia-Pacific. Asia- Pacific valued for the third-largest share in 2019 the region is expected to be the rapid-growing market for digital MRO during the forecast period.
Major Players
The Companies Covered Profiled in the report on the Global Digital MRO Market are Boeing (US), IBM Corporation (US), HCL Technologies Limited (India), SAP SE (Germany), Ramco Systems Limited (India), Oracle Corporation (US), IFS AB (Sweden), TRAXXALL TECHNOLOGIES (Canada), Honeywell International Inc. (US), and General Electric (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS

1.1.1 GLOBAL DIGITAL MRO MARKET, BY TECHNOLOGY

1.1.2 GLOBAL DIGITAL MRO MARKET, BY APPLICATION

1.1.3 GLOBAL DIGITAL MRO MARKET, BY END USER

1.1.4 GLOBAL DIGITAL MRO MARKET, BY REGION

2 MARKET INTRODUCTION
2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

2.5 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

4 MARKET INSIGHTS
5 IMPACT OF COVID-19
5.1 IMPACT OF COVID-19 ON THE GLOBAL DIGITAL MRO MARKET

5.1.1 CURRENT IMPACT

5.1.2 PRE-COVID-19 DIGITAL MRO MARKET

5.1.3 POST-COVID-19 IMPACT ON THE DIGITAL MRO MARKET

6 MARKET DYNAMICS
6.1 INTRODUCTION

6.2 DRIVERS

6.2.1 RISING INVESTMENTS IN CONNECTED AIRCRAFT

6.2.2 ADOPTION OF ADVANCED TECHNOLOGIES BY MRO SERVICE PROVIDERS

6.2.3 GROWTH IN OUTSOURCING MRO SERVICES

6.2.4 DRIVERS IMPACT ANALYSIS

6.3 RESTRAINTS

6.3.1 INCONSISTENCY & REPLACEMENT OF TRADITIONAL DATA CONNECTION

6.3.2 HIGH COST OF MRO SOFTWARE SUITES

6.3.3 RESTRAINTS IMPACT ANALYSIS

6.4 OPPORTUNITY

6.4.1 AVAILABILITY OF AFTERMARKET PARTS ON E-COMMERCE PLATFORMS

6.5 PATENT ANALYSIS

6.6 REGULATORY LANDSCAPE

7 MARKET FACTOR ANALYSIS
7.1 SUPPLY CHAIN

7.1.1 HARDWARE SYSTEM PROVIDERS

7.1.2 SOFTWARE SOLUTION PROVIDERS

7.1.3 INTEGRATORS

7.1.4 END USERS

7.2 PORTER’S FIVE FORCES MODEL

7.2.1 THREAT OF NEW ENTRANTS

7.2.2 BARGAINING POWER OF SUPPLIERS

7.2.3 THREAT OF SUBSTITUTES

7.2.4 BARGAINING POWER OF BUYERS

7.2.5 INTENSITY OF RIVALRY

8 GLOBAL DIGITAL MRO MARKET, BY TECHNOLOGY
8.1 OVERVIEW

8.2 PREDICTIVE MAINTENANCE

8.3 AR/VR

8.4 3D PRINTING

8.5 BLOCKCHAIN

8.6 INTERNET OF THINGS (IOT)

8.7 ARTIFICIAL INTELLIGENCE

8.8 BIG DATA ANALYTICS

8.9 ROBOTICS

8.10 DIGITAL TWIN

8.11 GLOBAL DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

9 GLOBAL DIGITAL MRO MARKET, BY APPLICATION
9.1 OVERVIEW

9.2 PREDICTIVE ANALYSIS

9.3 INSPECTION

9.4 PERFORMANCE MONITORING

9.5 PART REPLACEMENT

9.6 MOBILITY & FUNCTIONALITY

9.7 GLOBAL DIGITAL MRO MARKET, BY APPLICATION, 2018–2027 (USD MILLION)

10 GLOBAL DIGITAL MRO MARKET, BY END USER
10.1 OVERVIEW

10.2 AIRLINES

10.3 MRO PROVIDERS

10.4 OEMS

10.5 GLOBAL DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11 GLOBAL DIGITAL MRO MARKET, BY REGION
11.1 OVERVIEW

11.2 NORTH AMERICA

11.2.1 NORTH AMERICA: DIGITAL MRO MARKET, BY COUNTRY, 2018–2027 (USD MILLION)

11.2.2 NORTH AMERICA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.2.3 NORTH AMERICA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.2.4 NORTH AMERICA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.2.5 US

11.2.5.1 US: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.2.5.2 US: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.2.5.3 US: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.2.6 CANADA

11.2.6.1 CANADA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.2.6.2 CANADA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.2.6.3 CANADA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.3 EUROPE

11.3.1 EUROPE: DIGITAL MRO MARKET, BY COUNTRY, 2018–2027 (USD MILLION)

11.3.2 EUROPE: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.3.3 EUROPE: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.3.4 EUROPE: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.3.5 UK

11.3.5.1 UK: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.3.5.2 UK: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.3.5.3 UK: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.3.6 GERMANY

11.3.6.1 GERMANY: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.3.6.2 GERMANY: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.3.6.3 GERMANY: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.3.7 FRANCE

11.3.7.1 FRANCE: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.3.7.2 FRANCE: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.3.7.3 FRANCE: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.3.8 NETHERLANDS

11.3.8.1 NETHERLANDS: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.3.8.2 NETHERLANDS: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.3.8.3 NETHERLANDS: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.3.9 FINLAND

11.3.9.1 FINLAND: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.3.9.2 FINLAND: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.3.9.3 FINLAND: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.3.10 REST OF EUROPE

11.3.10.1 REST OF EUROPE: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.3.10.2 REST OF EUROPE: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.3.10.3 REST OF EUROPE: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4 ASIA-PACIFIC

11.4.1 ASIA-PACIFIC: DIGITAL MRO MARKET, BY COUNTRY, 2018–2027 (USD MILLION)

11.4.2 ASIA-PACIFIC: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.3 ASIA-PACIFIC: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.4 ASIA-PACIFIC: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4.5 CHINA

11.4.5.1 CHINA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.5.2 CHINA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.5.3 CHINA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4.6 INDIA

11.4.6.1 INDIA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.6.2 INDIA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.6.3 INDIA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4.7 AUSTRALIA

11.4.7.1 AUSTRALIA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.7.2 AUSTRALIA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.7.3 AUSTRALIA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4.8 JAPAN

11.4.8.1 JAPAN: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.8.2 JAPAN: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.8.3 JAPAN: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4.9 SOUTH KOREA

11.4.9.1 SOUTH KOREA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.9.2 SOUUTH KOREA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.9.3 SOUTH KOREA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4.10 SINGAPORE

11.4.10.1 SINGAPORE: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.10.2 SINGAPORE: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.10.3 SINGAPORE: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.4.11 REST OF ASIA-PACIFIC

11.4.11.1 REST OF ASIA-PACIFIC: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.4.11.2 REST OF ASIA-PACIFIC: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.4.11.3 REST OF ASIA-PACIFIC: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.5 MIDDLE EAST & AFRICA

11.5.1 MIDDLE EAST & AFRICA: DIGITAL MRO MARKET, BY COUNTRY, 2018–2027 (USD MILLION)

11.5.2 MIDDLE EAST & AFRICA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.5.3 MIDDLE EAST & AFRICA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.5.4 MIDDLE EAST & AFRICA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.5.5 UAE

11.5.5.1 UAE: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.5.5.2 UAE: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.5.5.3 UAE: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.5.6 SAUDI ARABIA

11.5.6.1 SAUDI ARABIA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.5.6.2 SAUDI ARABIA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.5.6.3 SAUDI ARABIA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.5.7 REST OF MEA

11.5.7.1 REST OF MEA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.5.7.2 REST OF MEA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.5.7.3 REST OF MEA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.6 LATIN AMERICA

11.6.1 LATIN AMERICA: DIGITAL MRO MARKET, BY COUNTRY, 2018–2027 (USD MILLION)

11.6.2 LATIN AMERICA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.6.2.1 LATIN AMERICA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.6.2.2 LATIN AMERICA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.6.3 BRAZIL

11.6.3.1 BRAZIL: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.6.3.2 BRAZIL: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.6.3.3 BRAZIL: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

11.6.4 REST OF LATIN AMERICA

11.6.4.1 REST OF LATIN AMERICA: DIGITAL MRO MARKET, BY TECHNOLOGY, 2018–2027 (USD MILLION)

11.6.4.2 REST OF LATIN AMERICA: DIGITAL MRO MARKET, APPLICATION, 2018–2027 (USD MILLION)

11.6.4.3 REST OF LATIN AMERICA: DIGITAL MRO MARKET, BY END USER, 2018–2027 (USD MILLION)

12 COMPETITIVE LANDSCAPE
12.1 COMPETITIVE OVERVIEW

12.2 COMPETITIVE BENCHMARKING

12.3 MARKET SHARE ANALYSIS

12.4 MAJOR GROWTH STRATEGIES IN THE GLOBAL DIGITAL MRO MARKET

12.5 LEADING PLAYERS IN TERMS OF NUMBER OF DEVELOPMENTS IN THE GLOBAL DIGITAL MRO MARKET

12.6 KEY DEVELOPMENTS & GROWTH STRATEGIES

12.6.1 CONTRACTS & AGREEMENTS

12.6.2 PRODUCT DEVELOPMENT/LAUNCHES

13 COMPANY PROFILES
13.1 BOEING

13.1.1 COMPANY OVERVIEW

13.1.2 FINANCIAL OVERVIEW

13.1.3 PRODUCTS/SERVICES OFFERED

13.1.4 KEY DEVELOPMENTS

13.1.5 SWOT ANALYSIS

13.1.6 KEY STRATEGIES

13.2 IBM CORPORATION

13.2.1 COMPANY OVERVIEW

13.2.2 FINANCIAL OVERVIEW

13.2.3 PRODUCTS/SERVICES OFFERED

13.2.4 KEY DEVELOPMENTS

13.2.5 SWOT ANALYSIS

13.2.6 KEY STRATEGIES

13.3 HCL TECHNOLOGIES LIMITED

13.3.1 COMPANY OVERVIEW

13.3.2 FINANCIAL OVERVIEW

13.3.3 PRODUCTS/SERVICES OFFERED

13.3.4 KEY DEVELOPMENTS

13.3.5 SWOT ANALYSIS

13.3.6 KEY STRATEGIES

13.4 SAP SE

13.4.1 COMPANY OVERVIEW

13.4.2 FINANCIAL OVERVIEW

13.4.3 PRODUCTS/SERVICES OFFERED

13.4.4 KEY DEVELOPMENTS

13.4.5 SWOT ANALYSIS

13.4.6 KEY STRATEGIES

13.5 RAMCO SYSTEMS LIMITED

13.5.1 COMPANY OVERVIEW

13.5.2 FINANCIAL OVERVIEW

13.5.3 PRODUCTS/SERVICES OFFERED

13.5.4 KEY DEVELOPMENTS

13.5.5 SWOT ANALYSIS

13.5.6 KEY STRATEGIES

13.6 ORACLE CORPORATION

13.6.1 COMPANY OVERVIEW

13.6.2 FINANCIAL OVERVIEW

13.6.3 PRODUCTS/SERVICES OFFERED

13.6.4 KEY DEVELOPMENTS

13.6.5 SWOT ANALYSIS

13.6.6 KEY STRATEGIES

13.7 IFS AB

13.7.1 COMPANY OVERVIEW

13.7.2 FINANCIAL OVERVIEW

13.7.3 PRODUCTS/SERVICES OFFERED

13.7.4 KEY DEVELOPMENTS

13.7.5 SWOT ANALYSIS

13.7.6 KEY STRATEGIES

13.8 TRAXXALL TECHNOLOGIES

13.8.1 COMPANY OVERVIEW

13.8.2 FINANCIAL OVERVIEW

13.8.3 PRODUCTS/SERVICES OFFERED

13.8.4 KEY DEVELOPMENTS

13.8.5 SWOT ANALYSIS

13.8.6 KEY STRATEGIES

13.9 HONEYWELL INTERNATIONAL INC.

13.9.1 COMPANY OVERVIEW

13.9.2 FINANCIAL OVERVIEW

13.9.3 PRODUCTS/SERVICES OFFERED

13.9.4 KEY DEVELOPMENTS

13.9.5 SWOT ANALYSIS

13.9.6 KEY STRATEGIES

13.10 GENERAL ELECTRIC

13.10.1 COMPANY OVERVIEW

13.10.2 FINANCIAL OVERVIEW

13.10.3 PRODUCTS/SERVICES OFFERED

13.10.4 KEY DEVELOPMENTS

13.10.5 SWOT ANALYSIS

13.10.6 KEY STRATEGIES

14 OTHER PROMINENT PLAYERS IN THE MARKET
14.1 IBS SOFTWARE

14.2 LUFTHANSA TECHNIK

14.3 RUSADA

14.4 COLLINS AEROSPACE

14.5 AIRBUS SAS

14.6 ASWISS AVIATIONSOFTWARE LTD

14.7 ANSYS, INC

14.8 WINAIR

14.9 MICROSOFT CORPORATION

14.10 CAPGEMINI

14.11 ATR

15 APPENDIX
15.1 REFERENCES

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