Digital Aerospace MRO Global Market Sees Growth Rate Of 13% Through 2026

The global digital aerospace MRO market size is expected to grow from $589.86 million in 2021 to $658.28 million in 2022 at a compound annual growth rate (CAGR) of 11.6%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The digital aerospace MRO market is expected to reach $1,094.68 million in 2026 at a CAGR of 13.5%.

What is the Global Digital Aerospace MRO Market?

The digital aerospace MRO market consists of sales of MRO services and software by entities (organizations, sole traders, and partnerships) that are engaged in providing digital aerospace MRO services and software suites for catering the maintenance, repairs, and operational needs. Digital Aerospace MRO refers to the use of digital technology such as the Internet of Things (IoT), blockchain, artificial intelligence (AI), robots, augmented reality/virtual reality (AR/VR), digital twins, and 3D printing to conduct MRO operations.

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What drives the Global Digital Aerospace MRO Market?

The increase in inflight passengers and the need for more aircraft with minimal downtime for maintenance is expected to propel the growth of the digital aerospace MRO market in the forecast period. Over the years there has been an increase in the global air traffic, which in turn increased the need for more aircraft with minimum downtime. Any establishment, workshop, or hangar that engages in and executes professional aircraft maintenance is referred to as an MRO facility. Through the employment of aviation ground support equipment, MRO facilities and experts assist in keeping airplanes running safely and reliably.

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Global Digital Aerospace MRO Market Segments
The global digital aerospace MRO market is segmented:
By Technology: Predictive Maintenance, AR or VR, 3D Printing, Artificial Intelligence, Internet of Things, Robotics, Others
By Application: Inspection, Performance Monitoring, Predictive Analysis, Part Replacement, Mobility and Functionality
By End User: OEMs, Airlines, MROs, Others
By Geography: The regions covered in the digital aerospace MRO market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Digital Aerospace MRO Global Market Report 2022provides market size and growth forecasts for the global digital aerospace MRO market, global digital aerospace MRO market share, digital aerospace MRO market segments and geographies, digital aerospace MRO market competitive landscape including leading competitors’ revenues, profiles and market shares. The digital aerospace MRO market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Digital Aerospace MRO Industry Playersinclude IBM Corporation, IFS AB, Ramco Systems, Rusada, Boeing, Swiss Aviation Software AG, Lufthansa Technik, General Electric, Honeywell International, HCL Technologies Limited, Oracle Corporation, Traxxall Technologies, Ansys, Capgemini, Hexaware Technologies, Winair and Microsoft Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.