Digital MRO Market Worth $4.7 Billion by 2030
According to the new market research 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", published by MarketsandMarkets™, the Digital MRO Market 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.
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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.
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.
Browse in-depth TOC on
68 – Tables 41 – Figures 152 – Pages
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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).
Contact:Mr. Sanjay Gupta
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
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