Global Digital MRO Market Size, Trends, By Technology (Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, IoT), By Application (Inspection, Performance Monitoring, Predictive Analysis, Part Replacement, Mobility & Functionality) By End-User (MROs, Airlines, OEMs), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa): Growth Opportunity Analysis and Industry Forecast, 2023-2030.
Global Digital MRO Market
The Global Digital MRO Market was valued at USD 0.8 billion in 2022 and is expected to expand to USD 2.2 billion by 2030, at a CAGR of 9.05% during the forecast period 2023-2030.
The digital aircraft maintenance repair & overhaul (MRO) business is approaching substantial growth soon, but aerospace firms that provide such services should navigate an often-unpredictable landscape to thrive in this digital era. The usage of digital technologies such as the Internet of Things, blockchain, AI, robotics, AR/VR, digital twins, and 3D printing to perform MRO operations are termed digital MRO.
The objective of MRO services is to ensure that departments always have the materials they need to be effective. Maintaining essential supplies on hand accomplishes company goals, including reducing downtime, growing safety, extending equipment life, decreasing overstocks, and protecting consumer deliveries.
Market Drivers
The increase in the digitalization of MRO to increase efficiency and reduce aircraft downtime is the essential factor that is anticipated to fuel the growth of the digital MRO market. Also, the increasing replacements of hydraulic braking systems in many vehicles will boost the market during the forecast period.
Furthermore, the development and enhanced innovative technologies and their usage for the performance of a wide variety of maintenance activities are likely to have significant growth in the market.
Market Restraints
However, limited budgets by various governments for the adoption of MRO will restrain the growth of the Global Digital MRO Market. Also, factors such as the high installation cost of MRO software, strict regulations, and authority restrictions may hamper the market. Further, it is crucial to ensure that the technologies are implemented responsibly and with proper consideration for potential ethical and privacy concerns.
Impact of COVID-19
The COVID-19 pandemic has impacted their digital MRO businesses as well. Industry experts stated that COVID-19 affected digital MRO services by 35%–44% globally in the year 2020. The pandemic influenced enterprises. Late deliveries, manufacturing shutdowns, and limited equipment availability, in regions like Europe, the United States, and Asia Pacific had resulted in a significant drop in the demand for digital MRO globally.
Market Segmentation
The Global Digital MRO Market is segmented into technology, application, end-user, and region.
Based on technology, the Global Digital MRO Market is segmented into predictive maintenance, AR/VR, 3d printing, blockchain, artificial intelligence, robotics, big data analytics, digital twin, and IoT.
Based on application, the Global Digital MRO Market is segmented into inspection, performance monitoring, predictive analysis, part replacement, mobility & functionality.
Based on end-user, the Global Digital MRO Market is segmented into MROs, airlines, and OEMs.
Regional Analysis
The Global Digital MRO Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North American region is expected to dominate the digital MRO market due to the increasing aircraft deliveries, high rising rate of digitalization of MRO among OEMs & aviation sector, expansion of MRO portfolios, growing investments by the major players, and the growing inclination towards the AI-powered solutions among consumers.
The European region is likely to hold the 2nd largest share owing to the growing expansion of the aerospace industry in the developed countries.
Key Players
Various key players are discussed in the Global Digital MRO Market report including; Lufthansa Technik, The Boeing Company, Airbus, IBM corporations, Air France and KLM Engineering, ST Aerospace, SIA Engineering, Honeywell, General Electric, RAMCO Systems, and Others.
For instance, in February 2021, GMR Group signed a Memorandum of Understanding (Mou) with Airbus which was likely to navigate them to explore the opportunities across the aviation sector. The services included component training, aircraft maintenance, and airport & digital services.
Market Taxonomy
By Technology
• Predictive Maintenance
• AR/VR
• 3D Printing
• Blockchain
• Artificial Intelligence
• Robotics,
• Big Data Analytics
• Digital Twin
• IOT
By Application
• Inspection
• Performance Monitoring
• Predictive Analysis
• Part Replacement
• Mobility & Functionality
By End-User
• MROs
• Airlines
• OEMs
By Region
• North America
• U.S.
• Canada
• Mexico
• Latin America
• Brazil
• Argentina
• Colombia
• Peru
• Chile
• Venezuela
• Rest of Latin America
• Europe
• Germany
• France
• UK
• Russia
• Italy
• Spain
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• New Zealand
• Singapore
• Malaysia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Tanzania
• Rest of The Middle East & Africa
Key Question Addressed by the Report
· What are the Key Opportunities in the Global Digital MRO Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Digital MRO Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Digital MRO Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due To Nearing Economic Downturn
4.2.6 Post-Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Digital MRO Market, By Technology
5.1 Y-o-Y Growth Comparison, By Technology
5.2 Global Digital MRO Market Share Analysis, By Technology
5.3 Global Digital MRO Market Size and Forecast, By Technology
5.3.1 Predictive Maintenance
5.3.2 AR/VR
5.3.3 3D Printing
5.3.4 Blockchain
5.3.5 Artificial Intelligence
5.3.6 Robotics,
5.3.7 Big Data Analytics
5.3.8 Digital Twin
5.3.9 IOT
6 Global Digital MRO Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Digital MRO Market Share Analysis, By Application
6.3 Global Digital MRO Market Size and Forecast, By Application
6.3.1 Inspection
6.3.2 Performance Monitoring
6.3.3 Predictive Analysis
6.3.4 Part Replacement
6.3.5 Mobility & Functionality
7 Global Digital MRO Market, By End-User
7.1 Y-o-Y Growth Comparison, By End-User
7.2 Global Digital MRO Market Share Analysis, By End-User
7.3 Global Digital MRO Market Size and Forecast, By End-User
7.3.1 MROs
7.3.2 Airlines
7.3.3 OEMs
8 MRO Market, By Region
8.1 Global Digital MRO Market Share Analysis, By Region
8.2 Global Digital MRO Market Share Analysis, By Region
8.3 Global Digital MRO Market Size and Forecast, By Region
9 North America Digital MRO Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Digital MRO Market Share Analysis, By Technology
9.3 North America Digital MRO Market Share Analysis, By Application
9.4 North America Digital MRO Market Share Analysis, By End-User
9.5 North America Digital MRO Market Size and Forecast, By Country
9.5.1 U.S
9.5.1.1 Market Size and Forecast, By Technology
9.5.1.2 Market Size and Forecast, By Application
9.5.1.3 Market Size and Forecast, By End-User
9.5.2 Canada
9.5.2.1 Market Size and Forecast, By Technology
9.5.2.2 Market Size and Forecast, By Application
9.5.2.3 Market Size and Forecast, By End-User
9.5.3 Mexico
9.5.3.1 Market Size and Forecast, By Technology
9.5.3.2 Market Size and Forecast, By Application
9.5.3.3 Market Size and Forecast, By End-User
10 Europe Digital MRO Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Digital MRO Market Share Analysis, By Technology
10.3 Europe Digital MRO Market Size and Forecast, By Application
10.4 Europe Digital MRO Market Size and Forecast, By End-User
10.5 Europe Digital MRO Market Size and Forecast, By Country
10.5.1 Germany
10.5.1.1 Market Size and Forecast, By Technology
10.5.1.2 Market Size and Forecast, By Application
10.5.1.3 Market Size and Forecast, By End-User
10.5.2 France
10.5.2.1 Market Size and Forecast, By Technology
10.5.2.2 Market Size and Forecast, By Application
10.5.2.3 Market Size and Forecast, By End-User
10.5.3 UK
10.5.3.1 Market Size and Forecast, By Technology
10.5.3.2 Market Size and Forecast, By Application
10.5.3.3 Market Size and Forecast, By End-User
10.5.4 Russia
10.5.4.1 Market Size and Forecast, By Technology
10.5.4.2 Market Size and Forecast, By Application
10.5.4.3 Market Size and Forecast, By End-User
10.5.5 Italy
10.5.5.1 Market Size and Forecast, By Technology
10.5.5.2 Market Size and Forecast, By Application
10.5.5.3 Market Size and Forecast, By End-User
10.5.6 Spain
10.5.6.1 Market Size and Forecast, By Technology
10.5.6.2 Market Size and Forecast, By Application
10.5.6.3 Market Size and Forecast, By End-User
10.5.7 Rest of Europe
10.5.7.1 Market Size and Forecast, By Technology
10.5.7.2 Market Size and Forecast, By Application
10.5.7.3 Market Size and Forecast, By End-User
11 Asia Pacific Digital MRO Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Digital MRO Market Share Analysis, By Technology
11.3 Asia Pacific Digital MRO Market Size and Forecast, By Application
11.4 Asia Pacific Digital MRO Market Size and Forecast, By End-User
11.5 Asia Pacific Digital MRO Market Size and Forecast, By Country
11.5.1 China
11.5.1.1 Market Size and Forecast, By Technology
11.5.1.2 Market Size and Forecast, By Application
11.5.1.3 Market Size and Forecast, By End-User
11.5.2 Japan
11.5.2.1 Market Size and Forecast, By Technology
11.5.2.2 Market Size and Forecast, By Application
11.5.2.3 Market Size and Forecast, By End-User
11.5.3 India
11.5.3.1 Market Size and Forecast, By Technology
11.5.3.2 Market Size and Forecast, By Application
11.5.3.3 Market Size and Forecast, By End-User
11.5.4 South Korea
11.5.4.1 Market Size and Forecast, By Technology
11.5.4.2 Market Size and Forecast, By Application
11.5.4.3 Market Size and Forecast, By End-User
11.5.5 Australia
11.5.5.1 Market Size and Forecast, By Technology
11.5.5.2 Market Size and Forecast, By Application
11.5.5.3 Market Size and Forecast, By End-User
11.5.6 New Zealand
11.5.6.1 Market Size and Forecast, By Technology
11.5.6.2 Market Size and Forecast, By Application
11.5.6.3 Market Size and Forecast, By End-User
11.5.7 Singapore
11.5.7.1 Market Size and Forecast, By Technology
11.5.7.2 Market Size and Forecast, By Application
11.5.7.3 Market Size and Forecast, By End-User
11.5.8 Malaysia
11.5.8.1 Market Size and Forecast, By Technology
11.5.8.2 Market Size and Forecast, By Application
11.5.8.3 Market Size and Forecast, By End-User
11.5.9. Rest of Asia Pacific
11.5.9.1 Market Size and Forecast, By Technology
11.5.9.2 Market Size and Forecast, By Application
11.5.9.3 Market Size and Forecast, By End-User
12 Latin America Digital MRO Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Digital MRO Market Share Analysis, By Technology
12.3 Latin America Digital MRO Market Share Analysis, By Application
12.4 Latin America Digital MRO Market Share Analysis, By End-User
12.5 Latin America Digital MRO Market Size and Forecast, By Country
12.5.1. Brazil
12.5.1.1 Market Size and Forecast, By Technology
12.5.1.2 Market Size and Forecast, By Application
12.5.1.3 Market Size and Forecast, By End-User
12.5.2 Argentina
12.5.2.1 Market Size and Forecast, By Technology
12.5.2.2 Market Size and Forecast, By Application
12.5.2.3 Market Size and Forecast, By End-User
12.5.3 Colombia
12.5.3.1 Market Size and Forecast, By Technology
12.5.3.2 Market Size and Forecast, By Application
12.5.3.3 Market Size and Forecast, By End-User
12.5.4 Peru
12.5.4.1 Market Size and Forecast, By Technology
12.5.4.2 Market Size and Forecast, By Application
12.5.4.3 Market Size and Forecast, By End-User
12.5.5 Chile
12.5.5.1 Market Size and Forecast, By Technology
12.5.5.2 Market Size and Forecast, By Application
12.5.5.3 Market Size and Forecast, By End-User
12.5.6 Venezuela
12.5.6.1 Market Size and Forecast, By Technology
12.5.6.2 Market Size and Forecast, By Application
12.5.6.3 Market Size and Forecast, By End-User
12.5.7 Rest of Latin America
12.5.7.1 Market Size and Forecast, By Technology
12.5.7.2 Market Size and Forecast, By Application
12.5.7.3 Market Size and Forecast, By End-User
13 Middle East Digital MRO Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Digital MRO Market Share Analysis, By Technology
13.3 Middle East Digital MRO Market Size and Forecast, By Application
13.4 Middle East Digital MRO Market Size and Forecast, By End-User
13.5 Middle East Digital MRO Market Size and Forecast, By Country
13.5.1 Saudi Arabia
13.5.1.1 Market Size and Forecast, By Technology
13.5.1.2 Market Size and Forecast, By Application
13.5.1.3 Market Size and Forecast, By End-User
13.5.2 UAE
13.5.2.1 Market Size and Forecast, By Technology
13.5.2.2 Market Size and Forecast, By Application
13.5.2.3 Market Size and Forecast, By End-User
13.5.3 Egypt
13.5.3.1 Market Size and Forecast, By Technology
13.5.3.2 Market Size and Forecast, By Application
13.5.3.3 Market Size and Forecast, By End-User
13.5.4 Kuwait
13.5.4.1 Market Size and Forecast, By Technology
13.5.4.2 Market Size and Forecast, By Application
13.5.4.3 Market Size and Forecast, By End-User
13.5.5 South Africa
13.5.5.1 Market Size and Forecast, By Technology
13.5.5.2 Market Size and Forecast, By Application
13.5.5.3 Market Size and Forecast, By End-User
13.5.6 Tanzania
13.5.6.1 Market Size and Forecast, By Technology
13.5.6.2 Market Size and Forecast, By Application
13.5.6.3 Market Size and Forecast, By End-User
13.5.7 Rest of Middle East & Africa
13.5.7.1 Market Size and Forecast, By Technology
13.5.7.2 Market Size and Forecast, By Application
13.5.7.3 Market Size and Forecast, By End-User
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market Share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Lufthansa Technik
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 The Boeing Company
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Airbus
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 IBM corporations
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Air France and KLM Engineering
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 ST Aerospace
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 SIA Engineering
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Honeywell
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9 General Electric
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10 RAMCO Systems
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies
