The global MRO software market size is expected to be worth USD 9.13 billion in 2024. It is expected to grow at a CAGR of 6.8% during the forecast period and reach a value of USD 15.45 billion by 2032.
The MRO industry 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 is a big boost in the global MRO software market, which allowed end-users to easily troubleshoot and troubleshoot.
Furthermore, the request for aircraft maintenance based on prescriptive and predictive analytics is increasing exponentially among end-users, where it is 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.
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 METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
6.8% |
Segments Covered |
By Function, Solution, Pricing Model, End User, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
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). |
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.
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.
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.
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.
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.
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.
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.
By Function
By Solution
By Pricing Model
By End User
By Region
Frequently Asked Questions
The primary users of MRO software include aerospace and defense, manufacturing, energy and utilities, transportation and logistics, and healthcare sectors. These industries rely heavily on MRO software to maintain their equipment and ensure operational efficiency.
Key factors driving the growth include increasing complexity of machinery, stringent regulatory requirements, the need for efficient asset management, and the adoption of IoT and AI technologies for predictive maintenance.
The integration of IoT and AI technologies in MRO software enhances predictive maintenance capabilities, allowing organizations to anticipate failures and schedule maintenance proactively. This leads to reduced downtime, cost savings, and extended equipment lifespan.
Regulatory standards play a crucial role in shaping the MRO software market by imposing stringent compliance requirements for maintenance practices. MRO software helps organizations adhere to these regulations by providing detailed documentation, tracking compliance, and generating necessary reports.
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