Top Companies in Aviation MRO Software Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
Aviation MRO Software Market is projected to reach a value of USD 8.1 Billion by 2028 at a CAGR of 4.6% over the forecast period.
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Market Overview:
The Global Aviation MRO Software Market is valued at USD 6.2 Billion in 2021 and is projected to reach a value of USD 8.1 Billion by 2028 at a CAGR of 4.6% over the forecast period. Other significant factors influencing the market expansion include the rising demand for MRO firms' software and services for aviation maintenance and the increasing need for predictive, prescriptive, and condition-based maintenance thanks to data supplied by connected aircraft. Additionally, expanding MRO adoption of AI, Big Data, and IoT contributes to the market's expansion. Furthermore, the industry is rising profitably due to growing investments in creating new and sophisticated software and adopting software as a service.
Some driving forces behind the Aviation MRO Software market development include increased demand for prescriptive and predictive analysis-based aircraft and rising usage of the software as a service.
The Global Aviation MRO Software market is dominated by well-known players such as IBS Software (India), Flatirons Solutions Inc. (US), Rusada (Switzerland), Sopra Steria (France), Communications Software Limited (UK), Aviation Intertec Services (Canada), GE Aviation (US), BytzSoft Technologies Pvt. Ltd. (India), Lufthansa Technik AG (Germany), Tracware Limited (UK), Aerosoft Systems Inc. (US), and FLY Online Tools (US) among others. To introduce new solutions and expand their market share, some key players are working with reputable local or international businesses worldwide.
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Let’s Take a Look at the Top Market Players that are Captivating the Aviation MRO Software Market
IBS Software
IBS Software Services Private Limited offers information technology software solutions. Major airlines, airports, oil and gas firms, seaports, cruise lines, and tour operators can use the company's solutions to manage their mission-critical operations. IBS Software Services serve international clients.
Flatirons Solutions Inc.
This Company offers information technology services. The business provides outsourcing, software, consulting, and contract management services. Flatirons Solutions serve global customers.
Sopra Steria
This Company offers IT services. The business provides services for business process outsourcing, system integration, cloud-based solutions, and software development. Sopra Steria Group serves Italian clients.
Communications Software Limited
Communications Software is a company that creates software. From a single platform, the company provides billing and OSS support solutions that encompass a wide range of voice, video, data, and wireless services.
BytzSoft Technologies Pvt. Ltd.
BytzSoft is a provider of software & solutions for the aviation industry that works with clients to facilitate the process and technological transformation for long-term performance.
Lufthansa Technik AG:
This company offers technical support for aircraft. The business provides civil aircraft with maintenance, overhaul, engine, landing gear, cockpit, component, cable items, and modification services. Worldwide, Lufthansa Technik serves the civil aviation sector.
Aerosoft Systems Inc.
Established in 1988, Aerosoft Systems Inc. creates engineering and maintenance systems for commercial aviation. Computer programming services are one of the company's core competencies.
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