Central India Chronicle

Digital MRO Market worth $2.0 billion by 2030, at a CAGR of 13.0%

 Breaking News
  • No posts were found

Digital MRO Market worth $2.0 billion by 2030, at a CAGR of 13.0%

May 11
19:20 2023
Digital MRO Market worth $2.0 billion by 2030, at a CAGR of 13.0%
Digital MRO Market
The Digital MRO Market is estimated to be USD 0.9 billion in 2023 and is projected to reach USD 2.0 billion by 2030, at a CAGR of 13.0%

The report “Digital MRO Market by Technology (AR/VR, Cloud Computing, 3D Printing, Robotics, AI and Big Data Analytics, Digital Twin and Simulation, Blockchain, IoT), End User (MROs, Airlines, OEMs), Application, Region – Global Forecast to 2030” The digital MRO market is estimated to be USD 0.9 billion in 2023 and is projected to reach USD 2.0 billion by 2030, at a CAGR of 13.0% during the forecast period. The increasing adoption of digital technologies by medium and small MROs and airlines is driving the growth of the digital MRO market.

• Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=165029525

Browse 193 market data Tables and 48 Figures spread through 221 Pages and in-depth TOC on “Digital MRO Market by Technology, Application, Region – Global Forecast to 2030”

View detailed Table of Content herehttps://www.marketsandmarkets.com/Market-Reports/digital-mro-market-165029525.html

Digital MRO Market

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

The predictive maintenance segment is projected to grow at the highest CAGR in the digital MRO market during the forecasted period. The growth of this market is due to the reduced aircraft downtime and MRO costs.  Increased adoption of digital technologies to predict failures by large MROs, OEMs and airlines is expected to drive the predictive maintenance segment of the market.

Based on end-user, the MROs segment is estimated to lead the digital MRO market during the forecast period.

Based on end-user, the MROs segment is projected to grow at the highest CAGR in the digital MRO market during the forecasted period. The growth of this market is attributed to the increased focus on enhancing the IT capabilities by shifting from ERP module to digitization of the entire ecosystem.

Based on region, the Asia Pacific segment is estimated to have the highest CAGR during the forecast period.

The Asia Pacific region is projected to grow at the highest CAGR during the forecast period. Increased adopting digital technologies to optimize maintenance processes and reduce maintenance costs by airlines is driving the growth of this market. Increasing demand for MRO services in the manufacturing and aviation sectors is driving the digital MRO market growth.

Major players operating in the digital MRO market are IBM (US), SAP (Germany), Ramco Systems (India), Swiss AviationSoftware Inc. (Switzerland), Lufthansa Technik (Germany), and Honeywell International Inc.(US) among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific and Rest of World .

Don’t miss out on business opportunities in Digital MRO Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/digital-mro-market-165029525.html