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The digital MRO market is expected to grow substantially owing to the growing trend of digitization and expected increasing demand for connected aircraft, globally.<br>
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Digital MRO Market Emerging Factors, Future Demands, Revenue Growth and Prominent Players
Digital MRO Market Dynamics Driver: Increasing demand for predictive, prescriptive, and con dition-based maintenance through data shared by connected ai rcraft Restraint: High cost of acquisition of integrated MRO software suits Opportunity: Increasing adoption of Internet of Things (IoT), A rtificial Intelligence (AI), Blockchain, Augmented Reality (AR), a nd big data analytics by MROs Challenge: Compliance with stringent aviation regulations • • • •
Key Segments Digital MRO Market is projected to grow from USD 606 million in 2020 to USD 1,809 million by 2030, at a CAGR of 11.6% from 2020 to 2030. 1 Advanced analytical software for predicting failure by tier-one MRO s and airlines is expected to drive the market for predictive mainten ance. This will decrease the aircraft downtime and inventory sourci ng time for MROs. 2 3 Browse 69 market data Tables and 41 Figures spread through 152 P ages and in-depth TOC on "Digital MRO Market - Global Forecast to 2030" 4 The North American region is projected to hold high growth potential f or digital MRO during the forecast period. 5 They are adopting advanced technologies such as robotics, digital twin, bl ockchain, artificial intelligence, etc., to optimize complex repair and maint enance tasks.
Digital MRO Market Growth Rate 2030 2020 CAGR of 11.6% Market Size of $606 Million Market Size of $1809 Million
Key Vendors Vendors IBM Corporation (US) IFS (Sweden) Ramco Systems (India) Rusada (Switzerland) SAP (Germany) Swiss AviationSoftware (Switzerland) Lufthansa Technik (Germany) General Electric (US) Boeing (US) Honeywell International (US) • • • • • • • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/digital -mro-market-165029525.html
Top Region.. North America • Europe • Asia Pacific • ROW • View Report Here - https://www.marketsandmarkets.com/Market-Reports/digital-mro-market-16502952 5.html
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