New Emerging Technologies that will change the Aircraft MRO industry
The MRO market became a viable business in aviation because Airframe Original Equipment Manufacturers (OEMs) would mainly focus on development and production, and not the aftermarket. This left a lot of airlines to partially or fully outsource MRO services from repair shops and system suppliers.
The Aircraft MRO market in global is expected to grow from US$ 80.38 Bn in 2018 to US$ 119.41 Bn by the year 2027. This represents a CAGR of 4.6% from the year 2019 to 2027.
With the aviation industry’s booming growth MRO operators and airlines require software that will optimize productivity and keep operations up with demand. MRO software manages the maintenance process and offers solutions to improve efficiency and enhance the end-user experience.