Aeyrium Blog

MRO Software Market in Aviation Worth 4.93 Billion USD by 2022

According to the new research report "MRO Software Market in aviation by Solution (Enterprise Resource Planning (ERP) Solution, Point Solution), Deployment (Cloud Based, On Premises), End User (Airlines, MROs, OEMs), and Region - Global Forecast to 2022", published by MarketsandMarkets, the market in aviation is estimated at USD 4.08 Billion in 2017 and is projected to reach USD 4.93 Billion by 2022, at a CAGR of 3.85% from 2017 to 2022. This growth can be attributed to the increasing use of software by small and medium airlines and MROs.

The ERP solution segment is projected to be the largest solution segment of the aviation maintenance software market
Based on solution, the aviation maintenance software market has been segmented into ERP and point solutions, which have been further segmented into different MRO software modules. The ERP solution segment is divided into maintenance management, operation management, and business management, mainly driven by the increase in the adoption of integrated ERP software solutions by Tier 1 MROs and airlines. Increasing demand for digitalization of MRO services is one of the key factors driving the maintenance management modules of the ERP solution segment, which, in turn, is expected to drive the demand in aviation maintenance software.

Growing opportunity for startups in the Global Aviation MRO Software industry

Questale released a detailed assessment of trends in Global Aviation MRO Software market. The research report includes diverse topics like total market size, key market drivers, challenges, growth opportunities, key players etc. We have also covered key market updates, the impact of regulations and technological updates in ,, . New startups entering the space of Global Aviation MRO Software need to carefully pick their niches and genres so that they can compete on an equal footing with global companies who have an end to end development studios, production capabilities and global skills and experience backing them.

4 Types of Engine Leases

An engine lease is a negotiated transaction agreement in which the owner, (the “LESSOR”) of the engine, (the “Asset”) provides the Asset for use to a third party, (the “Lessee”) for compensation in the form of periodic rentals for an agreed period of time, (the “Lease”). The Lease is a contract between the Lessor and Lessee for using the Asset wherein the Lessor retains ownership of the Asset while the Lessee has possession and the right to use the asset per the terms of the Lease. The Lease Agreement contains negotiated terms and conditions providing Lessee the right to use the Asset while the Lessor retains ownership of the asset.

What is Power By the Hour Leasing?

Power by the hour leasing is a form of operating lease wherein the Lessor retains ownership of the engine and provides the engine to the Lessee on a fixed cost basis. The fixed cost is either a cost per flight hour or cost per month. Power by the hour eliminates the requirement for the Lessee to pay hourly maintenance reserves for the use of the engine in addition to a fixed monthly lease fee.

How blockchain could disrupt aircraft maintenance

There's still debate as to who actually invented blockchain technology and who Satoshi Nakamoto is (perhaps it's Craig Wright). But there's no debate about the potential of this technology.