Global Aerospace Maintenance, Repair, and Overhaul Internet of Things Market, 2016
The global aerospace maintenance, repair, and overhaul (MRO) market, like many others, is in a state of change. The introduction of enhanced Internet protocol-based software and equipment is driving the market in new directions. This insight covers the market from 2016 to 2026. Logistics to support MRO and spares sales is a significant part of the overall aerospace industry.
New platform procurements will grow at a compound annual growth rate (CAGR) of 1.4%. The MRO portion of the global aerospace market will grow at a CAGR of 1.6% and will present a 2026 market size of $88.17 billion. Over the 2016 to 2026 period, the global MRO revenue share from North America (NA) is forecast to decline from 27.5% to 24.6%, while Europe is expected to decline from 27.3% to 24.3%. Meanwhile, Asia-Pacific (APAC) is expected to grow from 28.4% to 31.1% of the total market. Latin America (LATAM) will grow from 4.9% to 5.1% and the Middle East and Africa (MEA) from 11.9% to 14.9%. Improved software, mobile devices, and health management systems are moving the MRO market toward a truly connected environment. The first steps have been taken. The next steps will change the face of MRO.
Analysis of IoT-enabled devices and their potential impact on work structure and efficiency
Discussion of information issues (areas in need of transformation, MRO challenges, logistics value chain)
Outline of software solutions (ERP, maintenance management, health management, technical publications, technical documentation management)
View of IoT horizon
Key Questions This Study Will Answer:
Which regions offer the most opportunities for MRO service providers?
How can IT businesses capture new market opportunities?
Where will the market demand be in 10 years?
Should any capability gaps be anticipated, and if so, which ones?
Are airworthiness authorities involved in the transformation, and if so, how?
What are the best market opportunities for commercial IoT equipment?
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