Europe 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

Europe is the second largest region in the global market for aviation MRO software. Europe aviation MRO software size is predicted to grow at a CAGR of 4.17% during the forecast period. The global market for aviation MRO software is projected to grow from USD 7.32 billion in 2022 to USD 10.61 billion by 2030.

The growing adoption of aviation maintenance repair and overhaul MRO software has led key market players in the region to increase their R&D investments for introducing new products. The eminent presence of market players in the region is anticipated to favor market CAGR during the forecast period. Additionally, the growing need for analytics in improving services industries is a primary factor driving market growth. Moreover, increasing government funding for R&D activities also propels the aviation MRO market growth.

The market report covers the following countries/regions:  U.K., Germany, France, Russia, and the rest of Europe.

LATEST TRENDS

Rising Incorporation of Software-Based Services Such as Robotics and Augmented Reality to Offer New Growth Opportunities

The aircraft maintenance repair and overhaul industry in Europe is highly investing in the development and integration of new technologies, such as drone inspection, artificial intelligence, robotics, augmented reality, tools, and smart machines. For instance, in August 2022, a leading global MRO system provider for UAS, Robotic Skies, partnered with aviation MRO providers to develop and manage their operations across more than 200 independent repair stations. Additionally, GE’ smart glass is used with a Wi-Fi torque wrench that aids mechanics on the force to be applied during predictive maintenance operations. Such developments are expected to add to the growth of the aviation MRO market size in Europe in the forecast period.

DRIVING FACTORS

Presence of Prominent Key Players and Innovations to Accelerate Market Growth

A critical factor driving the Europe aviation MRO software market growth is the presence of key industry players. A presence of companies with high global market share is present in Europe. Key market players such as Communications Software (Airline Systems) Limited, IFS AB, and Lufthansa Technik AG are the biggest market drivers in Europe due to their competitive presence and important innovations and implementation of emerging technologies in aviation MRO software. Hence, a presence of key market players in the global aviation MRO software market is predicted to accentuate growth in the region with global and domestic expansion plans.

• For instance, in March 2021, IFS AB launched a trilogy of MRO tools to simplify work. As a part of the IFS cloud based platform launch, the trio is anticipated to maintain, provide access, and automate data and easy tasks.  

RESTRAINING FACTORS

High Cost Involved to Limit the Market Growth

Despite growing popularity and adoption, the high cost of research and development involved in the formation of an MRO software or service causes a hindrance in growth. Research and development involving emerging technologies take a lot of cost due to the complexities associated with developing and procuring such technologies. A lot of time and cost is taken for effective, efficient, and sustainable development of software or service, hence hindering the aviation MRO software market size to a certain limit.

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KEY INDUSTRY PLAYERS

For competitive landscape, Communications Software (Airline Systems) Limited, IFS AB, and Lufthansa Technik AG are the primary players in the European market due to a strong service offering, and active involvement in R&D investments for the acceleration of product launches and approvals in the forecast period.

Rusada Group SA is also leading the Europe aviation MRO software market share due to its strong distribution network and diverse indications for its service portfolio. Some other major players are SAP SE, Swiss Aviation Software Ltd., and others. These MRO companies are focused on strengthening their product portfolio and distribution network through strategic collaboration and partnerships to increase their market share in the European market.

LIST OF KEY COMPANIES PROFILED:

• Communications Software (Airline Systems) Limited (U.K.)


• IFS AB (Sweden)


• Lufthansa Technik AG (Germany)


• Rusada Group SA (Switzerland)


• SAP SE (Germany)


• Swiss Aviation Software Ltd. (Switzerland)

KEY INDUSTRY DEVELOPMENTS:

• December 2022: Swiss Aviation Software and NGS Equipment and Communications Joint-Stock Company (Swiss-AS-NGS) signed an agreement with Vietnam Airlines’ subsidiary Vietnam Airlines Engineering Company (VAECO) to establish an aircraft maintenance software system to enable them to become a digital airline.


• October 2022: A business unit of Pratt & Whitney, Pratt & Whitney Canada (P&WC), unveiled the opening of a second MRO facility in Germany by 2024, cooperated by MTU Aero Engines. The facility will be dedicated to MRO activities for PW800 business aviation engines, which are the most efficient, modern, and environmentally responsible engines.


• October 2022: Filtetec, an interior aircraft specialist, unveiled the launch of new products and services at a major European trade show. This announcement was made after signing two major business deals by the company. Additionally, the company recently partnered with SmartTray International to provide their full range of innovative holder solutions for PEDs (Personal Electronic Devices) such as tablets and phones.


• May 2021: Rusada, a European aviation software provider, launched a mobile application for MRO, airworthiness, and flight operation solution envision. The new maintenance application enables technicians and engineers to envision and effectively conduct maintenance using a tablet device.  


• March 2021: IFS AB launched a single platform that would connect all products to deliver end-to-end capabilities called IFS Cloud. The cloud platform is expected to maintain people, assets, and customers and deliver service moments wherein customers can choose to deploy best-of-breed connecting their value chain, asset management, and field services.

REPORT COVERAGE

The European aircraft MRO software market report provides quantitative and qualitative insights on the market and a detailed analysis of the European market size & growth rate for all possible segments in the market. Along with the European aircraft 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.

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Report Scope and Segmentation