Digital MRO Market – Global Industry Forecast & Analysis over 2020 - 2026
The demand for Global Digital MRO Market is anticipated to be high for the next five years. By considering this demand we provide latest Global Digital MRO Market Report which gives complete industry analysis, market outlook, size, growth and forecast till 2025. This report will assist in analyzing the current and future business trends, sales and revenue forecasts.
North America will dominate the digital MRO market due to presence of major industry participants in the aviation MRO industry and IT industry. Developed economies with high aircraft passenger traffic are demanding technological advancements to cater to the rising fleet size.
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Digital MRO allows industry players to improve customer services by reducing maintenance time and eliminate expected delays. The rise in global inflight passenger and requirement for more aircraft with minimal downtime for maintenance will drive the digital MRO market. For instance, in 2018, global air traffic was estimated to be 8.8 billion, showing a 6.4% growth compared to the previous year.
Technological advancements and integration of Artificial Intelligence (AI) and the Internet of Things (IoT) with the existing operations accelerate the processes and significantly reduce the operational costs and time taken. More output within a limited timeframe is the need of the hour in the aviation industry. Major industry players operating in the MRO market are initiating joint ventures and collaborations with several universities and research organizations to develop & integrate digital MRO.
For instance, in March 2019, the German aerospace research center, DLR inaugurated a researched center at the ZAL aerospace research facility. The research facility will be dedicated to the development of future aircraft maintenance processes. It received a grant of USD 1.1 million from the regional government under the project name “Application Centre Maintenance, Repair and Overhaul 4.0”. The ZAL facility is a joint collaboration of Lufthansa Technik, Airbus, DLR, City of Hamburg, and several local universities.
To browse this report titled, “Digital MRO Market Overview and Product Scope over 2020 - 2026: Global Market Insights, Inc.” https://www.gminsights.com/industry-analysis/digital-mro-market
Stringent government regulations on airworthiness during operations have led to the demand for continuous monitoring of aircraft and frequent in-line maintenance. Industry participants are providing various solutions for continuous aircraft maintenance, positively impacting the digital MRO market.
For instance, in July 2018, Rolls-Royce demonstrated nanorobots, which can crawl inside the engines for maintenance and inspection. In conventional methods, the time taken for engine maintenance & inspection is up to five hours, which is significantly reduced using nano robots.
Information Technology (IT) companies in the aviation sector aim to collaborate with major industry players to achieve technological advancements and cloud integration with the aviation MRO segment, supporting the market growth.
For instance, in November 2019, GE Aviation integrated its systems with Microsoft’s cloud-based Azure platform. The integration will allow GR aviation to gain access to the blockchain technology to track & monitor the life of each part.
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Government support to modernize the existing market and provide significant R&D budgets for system integration will serve as major market accelerators in North America. For instance, in 2018, GE Aviation invested USD 1.4 billion in the aviation industry for research & development.
Major industry players in the market are Ansys, Boeing, Capgemini, General Electric (GE), Hexaware, Honeywell, IFS, International Business Machines (IBM), Lufthansa Technik, Ramco Systems, Rusada, SAP, Swiss Aviationsoftware, Traxxall, Winair, and L&T.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
North America will dominate the digital MRO market due to presence of major industry participants in the aviation MRO industry and IT industry. Developed economies with high aircraft passenger traffic are demanding technological advancements to cater to the rising fleet size.
Request for Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/4565
Digital MRO allows industry players to improve customer services by reducing maintenance time and eliminate expected delays. The rise in global inflight passenger and requirement for more aircraft with minimal downtime for maintenance will drive the digital MRO market. For instance, in 2018, global air traffic was estimated to be 8.8 billion, showing a 6.4% growth compared to the previous year.
Technological advancements and integration of Artificial Intelligence (AI) and the Internet of Things (IoT) with the existing operations accelerate the processes and significantly reduce the operational costs and time taken. More output within a limited timeframe is the need of the hour in the aviation industry. Major industry players operating in the MRO market are initiating joint ventures and collaborations with several universities and research organizations to develop & integrate digital MRO.
For instance, in March 2019, the German aerospace research center, DLR inaugurated a researched center at the ZAL aerospace research facility. The research facility will be dedicated to the development of future aircraft maintenance processes. It received a grant of USD 1.1 million from the regional government under the project name “Application Centre Maintenance, Repair and Overhaul 4.0”. The ZAL facility is a joint collaboration of Lufthansa Technik, Airbus, DLR, City of Hamburg, and several local universities.
To browse this report titled, “Digital MRO Market Overview and Product Scope over 2020 - 2026: Global Market Insights, Inc.” https://www.gminsights.com/industry-analysis/digital-mro-market
Stringent government regulations on airworthiness during operations have led to the demand for continuous monitoring of aircraft and frequent in-line maintenance. Industry participants are providing various solutions for continuous aircraft maintenance, positively impacting the digital MRO market.
For instance, in July 2018, Rolls-Royce demonstrated nanorobots, which can crawl inside the engines for maintenance and inspection. In conventional methods, the time taken for engine maintenance & inspection is up to five hours, which is significantly reduced using nano robots.
Information Technology (IT) companies in the aviation sector aim to collaborate with major industry players to achieve technological advancements and cloud integration with the aviation MRO segment, supporting the market growth.
For instance, in November 2019, GE Aviation integrated its systems with Microsoft’s cloud-based Azure platform. The integration will allow GR aviation to gain access to the blockchain technology to track & monitor the life of each part.
Request for a Customization of this research report @ https://www.gminsights.com/roc/4565
Government support to modernize the existing market and provide significant R&D budgets for system integration will serve as major market accelerators in North America. For instance, in 2018, GE Aviation invested USD 1.4 billion in the aviation industry for research & development.
Major industry players in the market are Ansys, Boeing, Capgemini, General Electric (GE), Hexaware, Honeywell, IFS, International Business Machines (IBM), Lufthansa Technik, Ramco Systems, Rusada, SAP, Swiss Aviationsoftware, Traxxall, Winair, and L&T.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com/
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