Global Aviation Asset Management Market Report 2024, Forecast To 2033
15 Feb, 2024
The aviation asset management market has witnessed robust growth, surging from $239.88 billion in 2023 to $258.48 billion in 2024, boasting a 7.8% CAGR. This expansion stems from heightened air travel demand, a necessity for streamlined asset management, cost-effective solutions, substantial R&D investments, and fleet expansion by airlines. Looking ahead, the market is poised for continued vigor, anticipating a climb to $347.98 billion in 2028, sustaining a 7.7% CAGR. Regulatory compliance, fuel-efficient aircraft demand, data analytics integration, and global aviation expansion are pivotal drivers, alongside noteworthy trends like blockchain utilization and IoT integration for real-time monitoring.
Global Aviation Asset Management Market Key Driver
The increasing air passenger traffic propels the growth of the aviation asset management market. The projected 4.0 billion air travelers in 2024 create a need for effective asset management to ensure passenger satisfaction and minimize downtime. The rise in air passenger traffic is a key driver for the aviation asset management market.
Get A Free Sample Of The Global Aviation Asset Management Market ReportGlobal Aviation Asset Management Market Segments
The aviation asset management market covered in this report is segmented –
1) By Service Types: Leasing Services, Technical Services, Regulatory Certifications, End-to-End
2) By Types Of Aircraft: Wide-Body Aircraft, Narrow-Body Aircraft, Private Jets
3) By End-User: Commercial Platforms, Maintenance, Repair, and Overhaul (MRO) Services
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the aviation asset management market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Aviation Asset Management Industry Players
Aerdata UK Ltd.; Airbus SE; AerCap Holdings N. V.; GE Capital Aviation Services LLC; Charles Taylor Aviation Limited; BBAM LLC; Aviation Asset Management Inc.; SkyWorks Capital LLC; GA Telesis LLC; Acumen Aviation Ltd.; Air Affairs Australia Pty Ltd.; Aerotargets International LLC; Lockheed Martin Corporation; Leonardo SpA; Saab AB; The Boeing Company; L3Harris Unmanned Maritime Systems; BOC Aviation Limited; Avolon Holdings Limited; Air Lease Corporation; ST Engineering Aerospace Ltd.; Dubai Aerospace Enterprise Ltd.; SMBC Aviation Capital Corp.; AerData B. V.; AAR Corp.; AeroCentury Corp.; AerSale Inc.; Air Partner plc; Airinmar Ltd.; AJW Group plc; ALM Leasing & Financing Inc.; Aircraft Maintenance and Engineering Corporation; Amentum Services Inc.
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Aviation Asset Management Market Overview
Aviation asset management refers to a programmatic method of proactively managing and maintaining aircraft across each aircraft’s useful life, from initial acquisition to final disposition. Aviation asset management help for cost savings, improving productivity, and reducing ownership costs within the airport.
Aviation Asset Management Global Market Report 2023 provides data on the global aviation asset management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The aviation asset management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.