Global Digital MRO Market: Factors Helping to Maintain Strong Position Globally 2020-2026

1. Global Digital MRO Market: Things to Focus on to Ensure Long-term Success 2020-2026

2. Industry Overview • Accordingly, to Global Market Insights research report Digital MRO Market size is anticipated to grow immensely from 2020 to 2026 propelled by proliferation of the aviation industry along with technological developments. The aviation industry is competitive, and a high level of accuracy & spontaneity is required to protect the existing market share. • 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 Market. • 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.

3. Continue… • The predictive maintenance segment by operations will demonstrate significant market growth in the market. The growth can be attributed to easy adoption of predictive maintenance tools into various indigenous and non-indigenous operating systems. Various industry participants and IT industries are integrating predictive maintenance tools with their overall software suite/offering, positively catering to the segment. • 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. • 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.

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6. Continue… • Company Profiles: • 1. Ansys • 2. Boeing • 3. Capgemini • 4. General Electric (GE) • 5. Hexaware • 6. Honeywell • 7. IFS • 8. International Business Machines (IBM) • 9. Lufthansa Technik • 10. Ramco Systems • 11. Rusada • 12. SAP • 13. Swiss Aviation Software • 14. Traxxall • 15. Winair • 16. L&T • 17. Microsoft

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