IOT, VR, AI Evolving Industry Trends and key Insights by 2030

NY, USA, September-19, 2019 /Aerospace -- 

The digital MRO market in North America is projected to grow at the highest CAGR from 2019 to 2030.

The North America digital MRO market is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to increasing aircraft deliveries in the region. Many large and medium MROs and airlines are present in this region. Also, the increase in the MRO services and digital transformation of MROs is expected to drive the demand for digital MRO in the region.

Recent Developments

• In June 2019, Capgemini and Airbus signed an agreement to develop and propose the Skywise platform’s data services to airlines.
• In November 2018, Honeywell International signed an agreement with Hainan Airlines for Honeywell’s GoDirect Connected Maintenance service.
• In June 2019, IFS received a contract from Revima to drive Revima’s international expansion and support its complex maintenance operations.
• In April 2019, JetBlue Airways signed a contract with Lufthansa Technik for its new engineering consulting service Maintwise

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Technology

• Predictive Maintenance
• AR/VR
• 3D Printing
• Blockchain
• Artificial Intelligence
• Robotics
• Big Data Analytics
• Digital Twin
• Internet of Things (IOT)

End-User of Application

• Airlines
  • Small Airlines
  • Medium Airlines
  • Large Airlines
• MROs
  • Small MROs
  • Medium MROs
  • Large MROs
• OEMs
  • Aircraft OEMs
  • Engine OEMs

Application Analysis

• Inspection
• Performance Monitoring
• Predictive Analysis
• Part Replacement
• Mobility & Functionality

Region Analysis

• North America
• Europe
• Asia Pacific
• Rest of the World (Latin America, Middle East, and Africa)

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Key Market Players

The major players in the digital MRO market are IBM Corporation (US), IFS (Sweden), Ramco Systems (India), Rusada (Switzerland). SAP (Germany), Swiss AviationSoftware (Switzerland), Lufthansa Technik (Germany), General Electric (US), Boeing (US), and Honeywell International (US). These companies are supplying advanced digital MRO solutions. These players have adopted various growth strategies as contracts, acquisitions, expansions, new product launches, and partnerships & agreements to further expand their presence in the market.