Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!
What Are The Predicted Growth Rates And Market Sizes Of The Digital Aerospace MRO Market?
The digital aerospace MRO market has witnessed rapid growth in recent years, expanding from $0.89 billion in 2024 to an estimated $1.02 billion in 2025, a compound annual growth rate (CAGR) of 14.7%. The increase in air traffic, growth of the aviation industry, and rising disposable income were the key drivers for growth during the historic period.
In the forecast period, the digital aerospace MRO market is expected to accelerate to $1.72 billion by 2029, with a CAGR of 13.9%. Factors like demand from emerging markets, development of fuel-efficient airframe designs, and the entry of new players in the market are anticipated to drive this growth.
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What Factors Are Driving The Digital Aerospace MRO Market?
Key drivers for the digital aerospace MRO market include the increased number of inflight passengers and the need for more aircraft with minimal downtime for maintenance. MRO (Maintenance, Repair, and Overhaul) facilities use aviation ground support equipment to keep airplanes running safely and reliably. For instance, according to the International Air Transport Association (IATA), global air traffic increased to 47% of 2019 levels in 2021 and is predicted to reach 111% in 2025. Thus, the increase in inflight passengers will continue to contribute to the growth of the digital aerospace MRO market in the coming years.
What Are The Major Segments Of The Digital Aerospace MRO Market?
The digital aerospace MRO market can be segmented as follows:
1) By Technology: Predictive Maintenance, AR Or VR, 3D Printing, Artificial Intelligence, Internet Of Things, Robotics, Others
2) By Application: Inspection, Performance Monitoring, Predictive Analysis, Part Replacement, Mobility And Functionality
3) By End User: OEMs, Airlines, MROs, Others
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Which Are The Major Players In The Digital Aerospace MRO Market?
Major companies operating in the digital aerospace MRO market includes International Business Machines Corporation, IFS AB, Ramco Systems Corporation, Rusada Limited, The Boeing Company, Swiss AviationSoftware AG, Lufthansa Technik AG, General Electric Company, Honeywell International Inc., HCL Technologies Limited, Oracle Corporation, Traxxall Technologies Inc., Capgemini SE, Hexaware Technologies Limited, AVBase Systems Inc., Microsoft Corporation, Airbus SE, Embraer S.A., L3Harris Technologies Inc., Raytheon Technologies Corporation, Rolls-Royce Holdings plc, Safran SA, ST Engineering Ltd., Textron Aviation Inc., Collins Aerospace, AAR Corp.
What Emerging Trends Are Taking Place In The Digital Aerospace MRO Market?
Technological advancements in the digital aerospace MRO market, such as the use of artificial intelligence (AI) and data analytics for maintenance predictions, are gaining popularity. AI reduces the need for routine maintenance thereby increasing airline efficiency. For instance, Fingermind, a France-based software company, offers a MRO suite that gives fast access to all technical documents required for aircraft maintenance.
Which Region Is Set To Grow The Fastest In The Digital Aerospace MRO Market?
North America was the largest region in the digital aerospace MRO market in 2024, and it is expected to be the fastest-growing region during the forecast period. The subsequent market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Digital Aerospace MRO Market Report 2025 Offer?
Digital aerospace MRO involves the provision of maintenance, repairs, and operational (MRO) services and software suites for aircraft using advanced technologies like IoT and Blockchain. The Digital Aerospace MRO Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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