US AVIATION MRO SOFTWARE MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)

The US Aviation MRO Software Market Report is Segmented by Deployment (Cloud-Based and On-Premise) and End User (Airlines, Mros, and OEMs). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

US Aviation MRO Software Market Size

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US Aviation MRO Software Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 3.23 Billion
Market Size (2029) USD 4.01 Billion
CAGR (2024 - 2029) 4.39 %
Market Concentration Medium

Major Players

US Aviation MRO Software Market Major Players

*Disclaimer: Major Players sorted in no particular order

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US Aviation MRO Software Market Analysis

The US Aviation MRO Software Market size is estimated at USD 3.23 billion in 2024, and is expected to reach USD 4.01 billion by 2029, growing at a CAGR of 4.39% during the forecast period (2024-2029).

The US aircraft MRO software market represents an evolving market within the broader aviation MRO industry. It is characterized by an ecosystem of stakeholders, OEMs, IT companies, software developers, airlines, MRO service providers, and regulatory bodies. With a robust aerospace sector, the US serves as a key hub for aircraft MRO activities, covering various services and solutions at different stages to ensure the safety, reliability, and efficiency of commercial, general aviation, and military aircraft fleets. The market is influenced by technological advancements, rising aircraft fleets, rising investments, and regulatory compliance requirements.

Technological advancements are the primary factor driving innovation and transformation within the aircraft MRO software market. Adopting cloud computing, IoT, big data analytics, and artificial intelligence is revolutionizing MRO operations, enabling MRO service providers to optimize maintenance processes, improve decision-making, and enhance overall efficiency and aircraft safety. Predictive maintenance is a key trend, leveraging real-time data and predictive analytics to anticipate equipment failures and proactively schedule maintenance activities, reducing downtime and minimizing costs for carriers, MRO service providers, and OEMs.

However, the market has its challenges. Regulatory compliance requirements and fuel prices challenge market stability, growth, and investment. The need for a more skilled workforce in the US presents a persistent challenge, limiting the availability of qualified maintenance professionals for aircraft maintenance operations.

US Aviation MRO Software Market Trends

The On-premise Segment is Expected to Dominate the Market During the Forecast Period

The on-premise solutions offer numerous advantages, such as excellent availability/reliability, enhanced speed, and security. These systems work with local servers; thus, the speed can be well-managed and controlled. Furthermore, the solutions have low operating costs as they require a one-time purchasing fee and maximum control over other MRO solutions.

The US has the largest commercial aircraft fleet, which implies a growing number of aging aircraft fleets. The presence of several MRO facilities and increasing expenditure on aircraft upgrade programs create demand for advanced MRO software, which propels market growth. For instance, in March 2023, AAR Corporation, a provider of aviation services to commercial and government operators, OEMs, and MROs, acquired Trax USA Corp., an independent provider of aircraft MRO and fleet management software. The acquisition will accelerate AAR’s strategy to offer digital solutions to aftermarket end users.

Such developments and the introduction of advanced on-premises MRO software solutions that provide enhanced security, higher availability, and reliability are expected to drive the market's growth during the forecast period.

US Aviation MRO Software Market: Mainline Air Carriers Passenger Aircraft Fleet, in Units, United States, 2019-2023

The Airlines Segment is Projected to Record the Highest Growth Rate in the Market

The US is one of the largest markets for aviation MRO software, owing to high demand for air travel, large fleet size, and significant investments in aircraft modernization programs from the US. Increasing air traffic, rising expenditure on aviation infrastructure, and aircraft modernization programs from airlines in the US drive the market growth.

Some of the largest airlines in the US are American Airlines, United Airlines, Delta Airlines, Southwest Airlines, Alaska Airlines, and others. These airlines adopt advanced MRO software to improve the life of aircraft. For instance, in February 2024, American Airlines announced plans to hire hundreds of new employees for its two largest maintenance bases in the US. In late 2023, the airline received funds of USD 22 million from the state of Oklahoma’s Business Expansion Incentive Program to grow and upgrade its MRO facility in Tulsa. As a part of the program, the carrier plans to add more than 300 new technical operations employees, which include airframe and powerplant mechanics, machinists, engineers, welders, and maintenance planners.

Hence, the growing adoption of advanced MRO software for aircraft and rising investments from airlines for aircraft modernization programs to extend the life of aging aircraft are expected to boost the market's growth during the forecast period.

US Aviation MRO Software Market : Total Passenger Enplanements on US Airlines, in Millions, 2019-2023

US Aviation MRO Software Industry Overview

The market is semi-consolidated, with several players holding significant shares in the market. The Boeing Company, IBM Corporation, Oracle Corporation, GE Aviation, and SAP SE are the leading market players.

The aviation industry is witnessing a significant transformation with increasing investments in research and development, leading to the advent of advanced aircraft maintenance, repair, and overhaul (MRO) software. Furthermore, MRO companies are expanding their operations geographically and strategically partnering with local service providers to enhance their service offerings and global footprint. These collaborations will foster a more interconnected and efficient global MRO network. For instance, in March 2023, AAR Corporation, a provider of aviation services to commercial and government operators, OEMs, and MROs, acquired Trax USA Corp., an independent provider of aircraft MRO and fleet management software.

US Aviation MRO Software Market Leaders

  1. The Boeing Company

  2. Oracle Corporation

  3. IBM Corporation

  4. GE Aviation

  5. SAP SE

*Disclaimer: Major Players sorted in no particular order

US Aviation MRO Software Market Concentration
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US Aviation MRO Software Market News

December 2023: Embraer SA announced its plan to double its maintenance capacity for executive jets in the US, adding three new MRO facilities to support the growing number of customers in the country.

October 2023: EmpowerMX, the cloud-based aircraft maintenance software company, launched the EMX Vision, an AI-based module that transforms MRO planning and execution. It is built on machine learning, predictive modeling, and artificial intelligence to offer MRO organizations the ability to leverage internal and external information to deliver highly accurate turn-around times to customers.

US Aviation MRO Software Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Deployment

      1. 5.1.1 Cloud-based

      2. 5.1.2 On-premises

    2. 5.2 End Users

      1. 5.2.1 Airlines

      2. 5.2.2 MROs

      3. 5.2.3 OEMs

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 IBM Corporation

      2. 6.2.2 Oracle Corporation

      3. 6.2.3 The Boeing Company

      4. 6.2.4 Jet Support Services Inc.

      5. 6.2.5 SAP SE

      6. 6.2.6 Flatrion Solutions Inc.

      7. 6.2.7 GE Aviation

      8. 6.2.8 APT Inc.

      9. 6.2.9 Camp Systems International Inc.

      10. 6.2.10 Honeywell Automation Ltd

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US Aviation MRO Software Industry Segmentation

Maintenance, repair, and operations (MRO) software is used in the aviation industry to meet maintenance, repair, operations, and overhaul needs. Aviation maintenance software tracks and simplifies the constant maintenance, repair, and overhaul (MRO) operations associated with the aviation industry. It performs several essential functions, such as inventory monitoring, supporting preventive and essential maintenance and repairs, scheduling work orders, and tracking and documenting compliance.

The US aviation MRO software market is segmented by deployment and end user. By deployment, the market is segmented into cloud-based and on-premises. By end user, the market is classified into airlines, MROs, and OEMs. For each segment, the market sizing and forecasts were made based on value (USD).

Deployment
Cloud-based
On-premises
End Users
Airlines
MROs
OEMs
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US Aviation MRO Software Market Research FAQs

The US Aviation MRO Software Market size is expected to reach USD 3.23 billion in 2024 and grow at a CAGR of 4.39% to reach USD 4.01 billion by 2029.

In 2024, the US Aviation MRO Software Market size is expected to reach USD 3.23 billion.

The Boeing Company, Oracle Corporation, IBM Corporation, GE Aviation and SAP SE are the major companies operating in the US Aviation MRO Software Market.

In 2023, the US Aviation MRO Software Market size was estimated at USD 3.09 billion. The report covers the US Aviation MRO Software Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the US Aviation MRO Software Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

US Aviation MRO Software Industry Report

Statistics for the 2024 US Aviation MRO Software market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Aviation MRO Software analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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US AVIATION MRO SOFTWARE MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2029)