Digital MRO Market Analysis & Future Growth Prospects To 2027 | Key Segments, Benefits


Posted April 1, 2022 by nita08

Global Digital MRO Market is expected to reach USD 1,698.23 Million by 2027, growing with a CAGR of 12.04% during the forecast

 
The market is projected to expand at a CAGR of 14.60% during the forecast period from 2019 to 2030.
Digital MRO Market Research Report: Information By Technology (Predictive Maintenance AR/VR, 3D Printing, Blockchain, Internet of Things, Artificial Intelligence, Big Data Analytics, Robotics and Digital Twin), Application (Predictive Analysis, Inspection, Performance Monitoring, Part Replacement and Mobility & Functionality), End-User (Airlines, MRO Providers and OEMs) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast to 2027
Market Overview
Global Digital MRO Market is expected to reach USD 1,698.23 Million by 2027, growing with a CAGR of 12.04% during the forecast period. In its report, Market Research Future (MRFR) offers an in-depth look into the Market during the review period.

Global Digital MRO analysis is growing rapidly due to rising investments in connected aircraft and the adoption of advanced technologies by MRO providers. Additionally, growth in outsourcing of MRO services is also expected to drive the growth of the global Market .

Market Segmentation
The segment analysis of the global digital MRO market is done by technology, application, and end-user.
The technology-based segments of the global digital MRO market are predictive maintenance, 3D printing, AR/VR, blockchain, Internet of Things (IoT), big data analytics, digital twin, Artificial Intelligence (AI), and robotics. The 3D printing segment is expected to grow at the fastest rate during the forecast period from 2019 to 2030.
The application-based segments of the global digital MRO market are predictive analysis, performance monitoring, inspection, mobility and functionality, and part replacement. The part replacement segment is projected to witness the highest CAGR owing to the increasing adoption of 3D printing technology.
The end-user based segments of the global digital MRO market are airlines, OEMs, and MRO companies. The MRO providers segment is anticipated to grow at the fastest pace during the forecast period from 2019 to 2030.
Regional Analysis

Global Digital MRO Industry Analysis has been studied in five key regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.

North America is expected to lead the Industry , with a valuation of USD 277.07 million in 2019. The regional Industry value is projected to reach USD 621.04 million by 2027 at 12.93% CAGR during the forecast period. The US and Canada are the key country-level Industry s in North America. The regional Industry growth is primarily driven by the high demand for services from the Industry players based in the US and Canada. It is expected that approximately 10,000 aircraft would be in service in the region by 2035, which is likely to create additional opportunities for the players operating in the digital MRO Industry in North America.

Europe is expected to be the second-largest Industry with an estimated value of USD 203.65 million in 2019 and a projected value of USD 398.06 million by 2027, registering an 11.01% CAGR during the forecast period. The European digital MRO Industry includes the UK, Germany, France, Italy, and the rest of Europe. The presence of prominent MRO companies such as Air France Industries KLM Engineering & Maintenance, Lufthansa Technik, MTU Aero Engines AG, Rolls-Royce PLC, and Safran are driving Industry growth in the region. Moreover, due to the increasing number of aircraft, there will likely be an increased requirement for digital MRO systems and solutions in the region.

Asia-Pacific accounted for the third-largest Industry share in 2019. The region is expected to be the fastest-growing Industry for digital MRO during the review period. The Asia-Pacific digital MRO Industry covers China, Japan, India, Australia, and the rest of Asia-Pacific. The region is gaining prominence in the global aviation industry and is projected to become the world’s leading Industry for air travel. Additionally, according to Airbus SAS, by 2035, it is expected that more than 16,000 aircraft would be delivered in Asia-Pacific, which is expected to drive the growth of the regional Industry . The regional digital MRO Industry is expected to reach USD 464.30 million by 2027.

The digital MRO Industry in the Middle East & Africa is expected to reach a valuation of USD 126.18 million by 2027. The regional Industry growth is significantly driven by the presence of major countries, such as the UAE, Saudi Arabia, and Israel. The region has witnessed notable economic growth in the past few years. One of the major factors driving the economy in the region is increased air travel. The demand for digital MROs is expected to increase due to the rapid increase in the number of aircraft in the region.

The digital MRO Industry in Latin America is expected to reach a valuation of USD 88.65 million by 2027. The regional Industry growth is significantly driven by the presence of major countries, such as Brazil, Mexico, and Argentina. The demand for digital MRO is expected to increase due to the rapid increase in the number of low-cost airlines in the region.

The report provides insights on the following pointers:
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Digital MRO Market Competitor Landscape by Players
Chapter Digital MRO Market Size by Type and Application
Chapter 5 Global and Regional Analysis
Chapter 6 Company Profiles, recent developments, and investments
Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter 8 Value Chain and Sales Channels Analysis with breakthrough product developments
Chapter 9 Research Findings and Conclusion
Chapter 10 Methodology/Research Approach
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Categories Aerospace
Tags digital mro market analysis , digital mro market share , digital mro market size
Last Updated April 1, 2022