Asia Pacific Aviation MRO Software Market Size, Share & COVID-19 Impact Analysis, By Solution (Software (ERP Solution, Point Solution, Suite), and Services (Deployment & Integration, Consulting)), By Function (Maintenance Management (Line, Base & Engine Maintenance), Operations Management (Training, Safety & Quality Assurance, Engineering & CAMO), Business Management (Accounts & Finance, Sales & Marketing), & Electronic Flightbag & Logbook Management), By Point of Sale (Subscription & Ownership), By Deployment Type (On-premise & Cloud), By End Use (Airline Operator, MROs), 2023-2030

Asia Pacific is the fastest-growing region in the global market share. It is projected to grow at a CAGR of 7.12% during the forecast period. The global market size is projected to grow from USD 7.01 billion in 2022 to USD 10.61 billion by 2030.

Digitalization in this region is enhancing the technical perspective in the aviation industry for the effective and efficient base, operation, and line management. Cost reduction for software, hardware updates and as a service models project lucrative growth, thus, higher growth numbers are expected during the forecast period. A rise in aviation fleet for domestic and international routes to and from China is anticipated to drive Asia Pacific aviation MRO market growth during the forecast period.

Our report on the market covers the following countries/regions – China, India, Japan, Singapore, and the rest of Asia Pacific.

LATEST TRENDS

Wider Adoption and Investment in Emerging Technology Such as AR Offers New Growth Opportunities

The recent industry trends show an investment of government and different sources in emerging technology for training, R&D, production, processes, and procurement of MRO software and services. Various companies in the region have started investing heavily in using technologies such as artificial intelligence and machine learning, along with augmented reality and cloud based platforms, to facilitate MRO software and services. For instance, in December 2022, a subsidiary of Vietnam Airlines, Vietnam Airlines Engineering Company (VAECO), signed a cooperation agreement with the Swiss-AS-NGS- Consortium to implement the latest move in the carrier process of becoming a digital airline by implementing a maintenance software system.

DRIVING FACTORS

Greater Focus over R&D by Major Players to Accelerate Market Growth

Another critical factor driving the aviation MRO market growth is the increased emphasis by emerging crucial players on R&D to support and accelerate the development of new products. New players in the market are expected to drive significant part in Asia Pacific aviation maintenance repair and overhaul MRO software market share and are primary contributors to driving the region at the highest growth in the forecast period. The presence of key global market players in the market is expected to drive the market growth in the forecast period owing to technological developments and budding competition in the market.

• For instance, in February 2022, Lufthansa Technik and Vietjet announced that they had signed an agreement with Singapore Airshow to adopt a seamless digital pilot-to-maintenance collaboration application, AVIATAR’s Technical Logbook

RESTRAINING FACTORS

Setbacks Caused by the COVID-19 Pandemic to Limit the Market Growth

The market experienced setbacks due to the pandemic despite the growing popularity and adoption of aviation MRO software. The outbreak of the COVID-19 pandemic started in the Asia Pacific region and had a drastic impact on revenue, passenger traffic, passenger transport, and related services, the regulatory authorities in the region have been highly cautious regarding regulations to stop the spread of the virus. The sharp decline in air traffic has significantly reduced domestic and international revenues and greatly impacted passengers travelling worldwide, thereby causing a hindrance to the overall Asia Pacific’s market size.

KEY INDUSTRY PLAYERS

In terms of competitive landscape, HCL Technologies Limited is the key player in the Asia Pacific market. This is due to the strong product offerings and active involvement in R&D investments for the acceleration of product approvals and launches in the forecast period.

Other prominent players, such as IBS Software Pvt. Ltd., are also leading the industry due to their diverse aesthetic indications and strong distribution network for their product portfolio. Some of the other prominent players are Ramco Systems Limited and others. These companies are centered on strengthening their distribution network and product portfolio through strategic partnerships and collaborations to increase their market share in the Asia Pacific market.

LIST OF KEY COMPANIES PROFILED:

• HCL Technologies Limited (India)


• IBS Software Pvt. Ltd. (India)


• Ramco Systems Limited (India)


• China Airlines (China)

KEY INDUSTRY DEVELOPMENTS:

• January 2023: Air-India, owned by TATA Group, unveiled to use of their U.K. headquartered coruson, a cloud software application by Ideagen Enterprise. The software is said to help enhance and enable real-time in-flight reporting of incidents and enhanced safety management systems. 


• November 2022: Thales entered an agreement with HAITE, an Aviation training and safety company from Singapore, for maintenance and repair avionics services. This agreement guarantees a collaborative approach from both companies on various aspects of workload sharing, repairs, software and equipment testing, technical manuals, and others.


• October 2022: The defense subsidiary of Adani Enterprises, Adani Defense Systems & Technologies Ltd., unveiled the acquisition of Indian Legacy MRO Air Works. MRO Air Works is the largest and oldest facility, with six maintenance bays across over 25 cities and over 900 maintenance staff. Air works offer MRO services, line maintenance, heavy checks, avionics upgrade, interior and cabin refurbishment, and others.


• July 2022: Ramco Systems, a global aviation software provider, launched their MRO Suite V5.9 at the AACL- Air Asia Company ltd., Taiwan’s privately-owned aircraft maintenance company. The AACL caters to various aviation instruments such as helicopters, commercial aircraft, government-owned Contractor Operated Facility (GOCO) and military aircraft with the MRO Suite V5.9.


• February 2022: Collins Airspace agreed with Singapore Airlines and Scoot to support the latter’s group of 787 aircraft fleet and 55 Boeing through their FlightSense Program. Collins Aerospace has agreed to provide the airlines with complete lifecycle support for maintenance services, high-performance pool access, and reliability upgrades.

REPORT COVERAGE

The Asia Pacific aviation MRO software market report provides qualitative and quantitative insights on the market and a detailed analysis of the Asia Pacific aviation MRO market size & growth rate for all possible segments in the market. Along with the Asia Pacific aviation MRO software market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of products, overview of the regulatory scenario by key countries, pipeline analysis, new product launches, key industry developments – mergers, acquisitions & partnerships - and the impact of COVID-19 on the market.