Digital MRO Market Share

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

Digital MRO Market Share

North America Market Forecast

North America in digital MRO market is poised to dominate around 35.7% revenue share by the end of 2037. The market’s growth in North America is owed to an established aviation sector in the region with large fleet operators and a robust network of MRO facilities driving demands for digital MRO services. The region’s market is positioned to exhibit considerable growth due to major airlines adopting digital MRO solutions to improve operational efficiency. The regional digital MRO market is expected to continue its profitable growth surge by the end of the forecast period by leveraging the increasing prevalence of AI usage in MRO services. For instance, in September 2024, GE Technologies announced the launch of a new services technology acceleration center that will be the launching base for advanced inspection technologies aimed at simplifying MRO processes.

The U.S. digital MRO market is positioned to register the largest revenue share in the North America market. The market’s growth is attributed to a high-demand, high-utilization fleet landscape in the country. Commercial, government, and private aircraft are investing in predictive maintenance solutions, as precise maintenance planning can significantly reduce unexpected repair costs. Additionally, companies are leveraging custom digital twins for aircraft fleets to leverage virtual assessment and preemptive parts replacement. For instance, in January 2023, the American Institute of Aeronautics and Astronautics (AIAA) released an implementation paper to advance the use of Digital Twins across the aerospace industry at the 2023 AIAA SciTech Forum. The continuous investments and advancements in AI in the country are positioned to improve the efficacy of digital MRO services, boosting the market’s continued growth.

Canada is positioned to increase its revenue share in the digital MRO market by the end of the forecast period. The sector’s growth is attributed to the rising adoption of IoT-based diagnostics for aircraft maintenance in the country. Partnerships between tech firms in the country and aerospace firms boost innovation in digital twins’ technology, assisting the robust growth of the digital MRO market. Additionally, the market benefits from a favorable regulatory environment in the country assisting the growth of AI, which is poised to improve the efficiency of digital MRO solutions. For instance, in March 2022, Pratt and Whitney Canada announced that it is combining artificial intelligence and machine learning with its innovative oil analysis technology to further increase the solution’s precision, predictive, and preventive maintenance capabilities for helicopter engines.

APAC Market Analysis

The APAC market is poised to register the fastest revenue growth in the global digital MRO market. The rapid growth of the market is attributed to rising demand for cost-effective commercial aviation solutions necessitating digital MRO solutions to reduce downtime. The region’s revenue growth is led by China, India, Japan, South Korea, and Singapore. Rising investments in IoT solutions are poised to advance MRO services for different aircraft, boosting the sector. For instance, in February 2024, Korean Air announced that it had enhanced its operational capability with Skywise digital solutions by leveraging Airbus Skywise Predictive Maintenance and Skywise Health Monitoring digital solutions.

The digital MRO market of China is poised to register the largest revenue share in APAC. The rapid growth is attributed to state-owned and private airlines adopting digitization in repair and maintenance to improve operational efficiency. A favorable technological ecosystem in the country boosts research activities in improving predictive maintenance and AI integration in digital MRO services, increasing the rate of adoption. Additionally, other sectors such as energy and power are adopting drone-based inspections, benefiting the digital MRO sector in the country. For instance, in September 2024, drone inspections were announced to be used in the Zhejiang substation inspections leveraging an intelligent inspection system.

India is positioned to increase its revenue share in the global digital MRO market. The market’s growth is owed to a booming aviation sector in the country and rising demands for maintenance for high-utilization fleets. With rapidly expanding domestic and international routes leading to an increase in fleets, the requirement for digital MRO solutions rises exponentially. Additionally, the National Civil Aviation Policy of India ensures strict guidelines on the MRO of aircraft opening opportunities for digital MRO service providers. For instance, in November 2023, Airbus partnered with HAL to service A320 family aircraft and the entry of Airbus is projected to strengthen the digital MRO market in the country.

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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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