Digital MRO Market Analysis

  • Report ID: 6657
  • Published Date: Nov 06, 2024
  • Report Format: PDF, PPT

Digital MRO Market Analysis

Application (Inspection, Predictive Maintenance, Monitoring, Parts Replacement, Mobility and Functionality)

The inspection segment is set to hold more than 27.5% digital MRO market share by 2037. The segment growth is owed to streamlining of operations of time-intensive and labor-heavy inspections through digital inspection services. The inspection segment benefits from rising demands for faster and more accurate inspection processes in aviation maintenance. The growing integration of drones for inspection of external surfaces minimizes aircraft downtime. For instance, in October 2024, the Federal Aviation Administration of the U.S. accepted plans for Delta Airlines to use drones for maintenance operations. Additionally, the segment’s profitable surge is poised to be assisted by the rise of digital twin technology, allowing MRO teams to perform virtual inspections.

The predictive maintenance segment of the global digital MRO market is poised to increase its revenue share by the end of the forecast period.  The segment’s growth is attributed to rising demand by the aerospace and train sectors to optimize operational efficiency and minimize unplanned downtime. Predictive maintenance allows data to be interpreted in real-time using AI and machine learning, enabling MRO service providers to anticipate issues before they result in unscheduled repairs. With the growth of low-cost commercial flights, the demand for predictive maintenance is poised to surge to keep high-utilization fleets in peak condition. For instance, in October 2024, Revima and Asia Digital Engineering joined forces to revolutionize fleet management with predictive maintenance integration of Revima’s advanced APU predictive maintenance solution, PREDICARE.

End user (Airlines, MRO Service Providers, OEMs)

The airlines end user segment is poised to register the largest revenue share in the digital MRO market. The growth is owed to the adoption of digital maintenance tools by airlines to improve fleet performance and reduce operational disruptions. The commercial airlines sector is highly competitive and companies invest in improving fleet efficiency and services to maintain an edge in the sector. This is leading to a surge in demand for digital inspection and predictive maintenance to minimize unscheduled downtimes and improve asset utilization. For instance, in November 2023, Vietnam Airlines selected Skywise Predictive Maintenance solution to improve efficiency of operations.

Our in-depth analysis of the digital market includes the following segments: 

Application

  • Inspection
  • Predictive Maintenance
  • Monitoring
  • Parts Replacement
  • Mobility and Functionality
  • Others

End user

  • Airlines
  • MRO Service Providers
  • OEMs

Technology

  • Augmented Reality (AR) and Virtual Reality (VR)
  • Blockchain
  • Artificial Intelligence (AI) and Machine Learning
  • 3D Printing
  • Robotics
  • Internet of Things (IoT)
  • Digital Twin Simulation
  • Others
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Author Credits:  Dhruv Bhatia


  • Report ID: 6657
  • Published Date: Nov 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The global digital MRO market registered USD 1.2 billion in 2024 and is estimated to expand at a profitable CAGR of 13.9% during the forecast period, i.e., 2025-2037.

The global digital MRO sector registered a profitable valuation of USD 1.2 billion and is projected to reach USD 6.9 billion in 2037 expanding at a CAGR of 13.9% during the forecast period, i.e., 2025-2037.

The major players in the market are Airbus, Lufthansa Technik, AAR Corporation, ST Aerospace, Honeywell, RTX Corporation, Delta TechOps, Ramco Systems Limited, General Electric, and others.

The inspection segment of the global digital MRO sector is positioned to register the largest market share by the end of the forecast period. The segment’s growth is attributed to rising demands to streamline labor intensive inspection with digital inspection solutions.

North America is poised to register the largest revenue share of 35.7% in the global digital MRO sector by the end of the forecast period. The market’s growth in North America is attributed to rising demands for predictive maintenance in the aerospace sector.
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