Digital MRO Market worth $1,809 million by 2030, at a CAGR of 11.6%

Digital MRO Market worth $1,809 million by 2030, at a CAGR of 11.6%

“Digital MRO Market”
[152 Pages] Digital MRO Market Size Research Report, identifies new revenue opportunity in Digital MRO system. The report aims at estimating the market size and future growth of the Digital MRO industry based on offering, process, application, vertical, and region.

The report Digital MRO Market by Technology (Predictive Maintenance, AR/VR, 3D Printing, Blockchain, Artificial Intelligence, Robotics, Big Data Analytics, Digital Twin, IOT), End-User (MROs, Airlines, OEMs), Application, Region – Global Forecast to 2030″,is projected to grow from USD 606 million in 2020 to USD 1,809 million by 2030, at a CAGR of 11.6% from 2020 to 2030. This growth can be attributed to the increasing adoption of advanced solutions by small and medium airlines and MROs.

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Major players in the digital MRO market are IBM Corporation (US), IFS (Sweden), Ramco Systems (India), Rusada (Switzerland). SAP (Germany), Swiss AviationSoftware (Switzerland), Lufthansa Technik (Germany), General Electric (US), Boeing (US), and Honeywell International (US).

Browse 140 market data Tables and 55 Figures spread through 198 Pages and in-depth TOC on “Digital MRO Market by Technology Region – Global Forecast to 2030”

Digital MRO Market

Based on technology, the predictive maintenance segment is projected to lead the digital MRO market during the forecast period.

Based on technology, the predictive maintenance segment is projected to lead the digital MRO market from 2020 to 2030. Increasing adoption of digital solutions such as digital twin and advanced analytical software for predicting failure by tier-one MROs and airlines is expected to drive the market for predictive maintenance. This will decrease the aircraft downtime and inventory sourcing time for MROs.

Based on end-user, the MROs segment is projected to lead the digital MRO market from 2020 to 2030.

Based on end-user, the MROs segment is projected to lead the digital MRO market during the forecast period. Large MROs have been investing in digital transformation with the help of technologies such as digital twin, artificial intelligence, blockchain, etc. Due to the demand for workflow efficiency and reducing aircraft downtime, the MROs segment is expected to lead the market during the forecast period.

The North American region is projected to hold high growth potential for digital MRO during the forecast period.

The digital MRO market in the North American region is expected to witness substantial growth during the forecast period. Many MROs are opting for digitalizing their services in this region. They are adopting advanced technologies such as robotics, digital twin, blockchain, artificial intelligence, etc., to optimize complex repair and maintenance tasks.

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