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Digital MRO Market Share

  • Report ID: GMI10479
  • Published Date: Jul 2024
  • Report Format: PDF

Digital MRO Market Share

IBM Corporation and SAP are pivotal in advancing digital MRO solutions through their innovative technologies. IBM leverages AI and IoT with platforms like IBM Maximo, providing predictive maintenance capabilities that enhance equipment reliability and reduce downtime. SAP integrates predictive analytics and real-time data processing in its ERP solutions, optimizing maintenance workflows and asset management across various industries.
 

General Electric (GE) and Oracle Corporation also play significant roles in this space. GE’s Predix platform uses industrial IoT and machine learning to deliver advanced predictive maintenance, focusing on improving operational efficiency in sectors like aviation and manufacturing. Oracle offers cloud-based solutions with predictive maintenance features through Oracle Maintenance Cloud, enhancing decision-making and reducing maintenance costs with real-time data insights.
 

In the aviation sector, Lufthansa Technik AG and Airbus SE are leaders in implementing digital MRO practices. Lufthansa Technik employs digital tools for predictive maintenance and diagnostics to improve fleet management and operational reliability. Similarly, Airbus SE utilizes advanced analytics and real-time monitoring to optimize aircraft maintenance, ensuring high safety standards and reducing unplanned downtimes. Together, these companies are driving the future of digital MRO with cutting-edge technologies that enhance operational efficiency and asset management across industries.
 

Digital MRO Market Companies

Major players operating in the digital MRO industry are:

  • IBM Corporation
  • SAP
  • The Boeing Company
  • General Electric
  • Oracle Corporation
  • Lufthansa Technik AG
  • Airbus SE
Authors: Suraj Gujar , Saptadeep Das

Frequently Asked Questions (FAQ) :

The market size of digital MRO reached USD 1.13 billion in 2023 and is set to register over 13.4% CAGR over 2024-2032, driven by the rise of IoT technologies.

The predictive maintenance digital MRO segment accounted for over 26% share in 2023, due to its ability to forecast equipment failures before they occur.

North America market recorded over 35% share in 2023, driven by advanced industrial infrastructure and early adoption of digital technologies.

IBM Corporation, SAP, The Boeing Company, General Electric, Oracle Corporation, Lufthansa Technik AG, and Airbus SE among others.

Digital MRO Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 25
  • Tables & Figures: 300
  • Countries covered: 21
  • Pages: 230
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