Market Overview:
During the forecasted period, the Aviation Asset Management Market is expected to reach around USD 8034.98 billion by 2030 at a CAGR of 4.04%.
The increase in air passenger traffic has significantly contributed to the growth of the global Aviation Asset Management Market. Furthermore, the development of new aircraft models is expected to drive market growth. There has also been a rise in the availability of retrofit and aftermarket parts for aircraft, which is further expected to have a positive impact on aviation asset management market trends.
However, stringent industry regulations and limitations of supplier production capacity are expected to restrict market growth.
Market USP
Retrofitting and aftermarket expected to provide significant opportunities to asset management companies.
Market Segmentation:
Regulatory certification segment to be the fastest-growing: The regulatory certification segment is expected to register the highest CAGR during the forecast period of 2019 to 2025. Stringent regulations in the aviation sector have led to the need for regulatory certification by airlines.
MRO services to remain a popular choice for airlines: The MRO services segment is expected to register the higher CAGR during the forecast period of 2019 to 2025. Aging aircraft fleets are expected to drive the growth of the segment. Asset management companies are required to have updated MRO service histories of aircraft when leasing to airlines.
Key Players:
The aviation asset management market drivers are Airbus SAS, Airdate, GE Capital Aviation Services, Acumen, Skyworks Capital, LLC, Aviation Asset Management, Inc., BBAM Aircraft Leasing & Management, AerCap Holdings NV
Regional Analysis:
The Aviation Asset Management Market can be divided into several geographical segments: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In the past, the North American region has played a key role in expanding the market size at the global level. The region is expected to lead during the forecasted period due to the presence of strong and profitable market players. The Asia Pacific region is also likely to demonstrate solid performance in the global market domain owing to favourable factors such as an increase in air passenger traffic and a rise in the number of low-cost carriers in the region. In the Middle East and Africa, large-scale investment by airlines for upgrading their fleets could also have a positive influence on the Aviation Asset Management Market.
Industry Related News:
Asset Tracking Technologies such as Global Positioning Systems, Radio Frequency Identification, and Bluetooth Low energy are being adopted by businesses in the market to increase the efficiency of their aviation asset management solutions.
Airbus, a prominent player in the aviation asset management market industry, has announced a partnership with Air Liquide and VINCI Airports to promote the application of hydrogen and contribute to the decarbonization of the aviation sector.
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