Digital MRO Market Size

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

Digital MRO Market Size

Digital MRO Market registered a profitable valuation of USD 1.2 billion in 2024 and is expected to reach USD 6.9 billion by 2037 expanding at a profitable CAGR of 13.9% during the forecast period, i.e., 2025-2037. In 2025, the industry size of digital MRO is evaluated at USD 1.4 billion.

The digital MRO market is driven by the rising adoption of advanced technologies within the aviation and aerospace sectors. The digital transformation has pushed MRO providers to streamline processes to reduce turnaround times and enhance operational anxiety. With advancements in IoT, AI, robotics, etc., to perform maintenance, repair, and overhaul (MRO) operations, the digital MRO market is poised to register rapid growth. Businesses are seeking cost reduction through digital MRO that is poised to increase its application by the end of the forecast period.

A key growth driver of the digital MRO market is the growing complexities of new-generation aircraft and the adoption of digital tools such as IoT-based monitoring, predictive maintenance analytics, and cloud solutions have become essential for real-time data collection and analysis. This enables aircraft companies to predict failures, avert disasters, and plan proactive maintenance. It not only allows companies to improve asset uptime but also reduces maintenance costs substantially. The trends are prompting MRO service providers to leverage digital platforms to remain competitive and address client expectations. For instance, in June 2022, Southwest Research Institute (SwRI) announced the development of new robotics image processing tools to automate aircraft surface preparation.

Another prominent significant growth driver rising integration of AR and VR to simulate repair tasks reducing on-the-job errors. The advancements in technology are vital for geographically dispersed teams, as it allows expert technicians to guide onsite staff in real time regardless of location.  For instance, in December 2023, Alstom launched the largest digital experience center for next-generation signaling solutions in India. The adoption of digital MRO services is positioned to grow as rail, energy, automotive, and aviation industries continue to prioritize efficiency and safety.


Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


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.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample