The aerospace MRO business has been quick to adopt digitisation in their systems to get back on to the growth path to pre-Covid levels and more. Projections indicate that the Digital MRO market is expected to grow from USD 606 million in 2020 to USD 1,809 million by 2030, at a CAGR of 11.6% (for the period 2020 to 2030).
In the meantime, the aviation industry, and related organizations are grappling with having to manage exponentially larger volumes of data from disparate sources: sensor data from aircraft and mechanics, maintenance planning and execution information, and content data. The reliance on such huge volumes of data on paper is a huge expenditure burden. Reports say that paper aircraft logs and maintenance records, cost the global industry $3.9 billion over the past decades, and moreover this has hindered optimizing operational and technical efficiency.