MRO Software Market Predicted to Grow Steadily

The global MRO software market in aviation is estimated at $4.08 billion in 2017 and is projected to reach $4.93 billion by 2022, at a CAGR of 3.85 percent from 2017 to 2022. A significant increase in digitalization of MRO activities and the high demand in aviation maintenance software services from MROs are projected to drive the growth of the aviation MRO market.

This prediction comes from the report, “MRO Software Market in aviation by Solution (Enterprise Resource Planning (ERP) Solution, Point Solution), Deployment (Cloud Based, On Premises), End User (Airlines, MROs, OEMs), and Region – Global Forecast to 2022.”

Major players operating in the MRO software market in aviation include AerData (A Boeing subsidiary) (US), HCL Technologies (India), IBM Corporation (US), IFS (Sweden), Oracle Corporation (US), Ramco Systems (India), Rusada (Switzerland). SAP (Germany), Swiss Aviation Software (Switzerland), and Trax (US).

MRO software in aviation in the Asia Pacific  projected to grow at the highest CAGR during the forecast period The MRO software market in aviation in the Asia Pacific is expected to witness the highest growth from 2017 to 2022. Also, increase in MRO services is expected to drive the demand for more software in the region, where in, China, India, and Japan are key markets in aviation MRO software.

The research study segments the MRO software market in aviation based on solution (enterprise resource planning and point solution), end user (original equipment manufacturers, maintenance, repair, and overhaul companies and airlines), deployment (cloud based and on premises software solutions). These segments and subsegments are mapped across major regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW).