Digital MRO Market revenues to hit $ 4.7 billion by 2030

New York, NY , Nov-14, 2019 /(Aerospace NEWS)--The report "Digital MRO Market by Technology (Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, IOT), End User (MROs, Airlines, OEMs), Application, Region - Global Forecast to 2030", is projected to grow from USD 1.0 billion in 2019 to USD 4.7 billion by 2030, at a CAGR of 14.6% from 2019 to 2030. This growth can be attributed to the increasing adoption of advanced solutions by small and medium airlines and MROs.

Browse 69 market data Tables and 41 Figures spread through 152 Pages and in-depth TOC on "Digital MRO Market - Global Forecast to 2030

Based on technology, the predictive maintenance segment is projected to lead the digital MRO market during the forecast period.

Based on technology, the predictive maintenance segment is projected to lead the digital MRO market from 2019 to 2030. Increasing adoption of digital solutions such as digital twin and advanced analytical software for predicting failure by tier one MROs and airlines is expected to drive the market for predictive maintenance. This will decrease the aircraft downtime and inventory sourcing time for MROs.

Request a PDF Brochure With Future Analysis @

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165029525

Based on end user, the MROs segment is projected to lead the digital MRO market from 2019 to 2030.

Based on end user, the MROs segment is projected to lead the digital MRO market during the forecast period. Large MROs have been investing in digital transformation with the help of technologies such as digital twin, artificial intelligence, blockchain, etc. Due to the demand for workflow efficiency and reducing aircraft downtime, the MROs segment is expected to lead the market during the forecast period.

The North American region is projected to hold high growth potential for digital MRO during the forecast period.

The digital MRO market in the North American region is expected to witness substantial growth during the forecast period. Many MROs are opting for digitalizing their services in this region. They are adopting advanced technologies such as robotics, digital twin, blockchain, artificial intelligence, etc., to optimize complex repair and maintenance tasks.

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).

Don’t miss out on business opportunities in Digital MRO Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com