MRO Software Market

Global MRO Software Market Size

The global MRO software market size was worth USD 8.55 billion in 2023. The global market is further estimated to grow at a CAGR of 6.8% from 2024 to 2032 and be worth USD 15.45 billion by 2032 from USD 9.13 billion in 2024. 

MARKET DRIVERS

Rising Demand to Reduce Response Times and Increasing Adoption of Software as a Service 

The MRO market uses aeronautical MRO software primarily to improve the functional efficiency of various activities, such as servicing, maintenance, upgrade, and modernization of various aircraft engines, spare parts, components, and systems. The industry is further classified according to the size of the employees, considering the adoption of the decided aeronautical MRO software. The replacement of legacy MRO software systems with advanced digital software solutions and IT infrastructure modernization programs is expected to boost the target market. The subscriber model is widely adopted by users of MRO software due to its advantages, such as low cost and flexibility of use. The initial cost of subscription-based software is usually lower than the proprietary model. Additionally, subscriptions are generally renewed monthly or annually, where the software provider is encouraged to demonstrate the continued value of the software in building a relationship with customers. Therefore, the subscription model should be one of the main drivers of MRO software. The global aviation industry is experiencing significant growth in the number of aircraft in the current market scenario. Commercial airlines and military forces buy aircraft in bulk, where substantial market space has been created for MRO activities. The increase in MRO business in recent times has been a big boost in the global MRO software market, which has allowed end-users to troubleshoot easily.

Furthermore, the request for aircraft maintenance based on prescriptive and predictive analytics is increasing exponentially among end-users, catalyzing the growth of the global MRO software market. The adoption of software as a service between airlines, aircraft original equipment manufacturers, and MRO companies has facilitated the escalation of the MRO software market over the years. Artificial Intelligence (AI), the Internet of Things, and Big Data will drive the market demand for aviation MRO software in the coming years.

MARKET RESTRAINTS

Limited budgets restrict MRO software acceptance and can hamper the global MRO software market. Another factor limiting the growth of the MRO software market is the lack of common data standards.

REPORT COVERAGE

SEGMENTAL ANALYSIS

By Function Insights

The maintenance management segment is expected to have the largest market share during the outlook period. In addition, it is segmented into basic maintenance, engine maintenance, fleet management, and line maintenance. Demand from operators and MROs for efficient management of heavy maintenance controls is likely to increase demand for the basic maintenance MRO software module in the coming years.

By Solution Insights

The software section is supposed to grow at a high CAGR during the outlook period. The growing need to upgrade legacy Management Information systems to digital MRO software in aviation is driving the market growth.

By Pricing Model Insights

The subscription model segment is estimated to grow at a high CAGR as it is extensively used by MRO software users due to its low-cost advantages and flexibility of use. Additionally, subscriptions are typically renewed on a monthly or annual basis, which encourages the software vendor to demonstrate the ongoing value of the software and build relationships with customers.

By End User Insights

The MRO segment is foreseen to register the highest CAGR because of the rising call for digitization in the aviation sector. The industry uses an aeronautical MRO software tool to improve functional efficiencies in various aeronautical MRO activities, such as service, maintenance, upgrade, and modernization of various aircraft engines, spare parts, and system components.

REGIONAL ANALYSIS

The North American region is expected to have the largest share during the outlook period due to a large fleet of aircraft in the United States and the growing need for analytics to improve service industries are some of the factors that drive the progress of the market. Furthermore, an increase in government funding for research and development activities is also driving the market growth. The increasing progress and development of sophisticated drone software in China are driving substantial market growth. The growth of the aircraft fleet and the presence of major aircraft maintenance and repair facilities in countries such as China and Singapore that adopt MRO software are driving the market growth.

KEY MARKET PLAYERS

The key market players in the global MRO Software market are HCL Technologies Limited (India), SAP SE (Germany), International Business Machines Corporation (US), Ramco Systems Limited (India), IFS AB (Sweden), Oracle Corporation (US), Boeing (US), Infor (US), Trax (US), Swiss Aviation Software (Switzerland), IBS Software (India), Rusada (Switzerland), Communications Software Limited (UK), Flatirons Solutions, Inc. (US), Aviation Intertec Services (Canada), BytzSoft Technologies Pvt. Ltd. (India), Tracware Limited (UK), FLY Online Tools (US), Aerosoft Systems Inc. (US), Lufthansa Technik AG (Germany), GE Aviation (US), and Sopra Steria (France).

SAP is a German International company that manufactures business software to manage business operations and customer relationships. The company is recognized for its ERP software. In terms of revenue, SAP is the largest software publisher in Europe and the third largest in the world.

RECENT HAPPENINGS IN THE MARKET

• In June 2020, IBS Software signed an agreement to collaborate with cargo with proven integration, providing seamless access to airline cargo and an emerging user base.

• In June 2020, GE Aviation launched a Health Application identification card for the aviation industry. The solution focuses on three important areas: employee screening, passenger screening, and object screening.

MARKET SEGMENTATION

This research report on the global MRO software market has been segmented and sub-segmented based on the function, solution, pricing model, end user, and region. 

By Function

• Maintenance management
• Operations management
• Commercial management
• Electronic management of flight bags and flight logbooks

By Solution

• Software
• Services

By Pricing Model

• Subscription model
• Ownership model

By End User

• Operators
• OEMS
• MROS
• Lessors

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa