Global Aviation MRO Software Market is estimated to be US$ 7.63 billion by 2030 with a CAGR of 3.0%
Global Aviation MRO Software Market accounted for US$ 5.98 billion in 2020 and is estimated to be US$ 7.63 billion by 2030 and is anticipated to register a CAGR of 3.0%. Aviation MRO (maintenance, repair, and operations) software helps aviation companies and airlines manage their maintenance, repair, and operations. Aircraft MRO systems are used by airlines and aviation maintenance companies to make purchases, maintain parts inventories, track all repair operations, and manage their MRO personnel. For all maintenance and aircraft service tasks, aviation MRO software includes functions such as order administration, inventory control, shipping, and scheduling.
The report " Global Aviation MRO Software Market, By Type (Cloud Based and On Premises), By Application (Original Equipment Manufacturers (OEM), Maintenance, Repair, and Overhaul (MRO), and Airlines), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2029’’
In 2019, To expand its increasing range of technology-enabled services, Jet Support Services, Inc. (JSSI), the premier independent provider of maintenance support and financial services to the aviation sector, has acquired Tracware Ltd, a maintenance, repair, and overhaul (MRO) software specialist. JSSI has made a number of strategic acquisitions in recent years, including Conklin & de Decker and S3 Aero Specialists.
Furthermore, increased technical advances and R&D efforts are creating market growth prospects. The Internet of Things is being used to enhance aviation with cutting-edge technologies. Condition-based maintenance is being improved and streamlined thanks to big data and IoT-enabled sensors. AI allows an autopilot system to aid the pilot in controlling the planes and learn from data over time to make judgments during flight. In the MRO industry, augmented reality technology is also used to fill the gap in available technicians.
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Last Update : Nov 09, 2021 4:23 AM
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