Aviation Asset Management Market Research Report - Global Forecast till 2030

Aviation Asset Management Market Research Report Information by Service Type (Leasing Services, Technical Services, and Regulatory Certification), End-Use (Commercial Platforms and Maintenance, Repair and Overhaul [MRO] Services) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

ID: MRFR/A&D/7201-HCR | 168 Pages | Author: Sejal Akre | September 2023         

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Aviation Asset Management Market Overview 

The aviation asset management market encompasses companies involved in proactively managing various aspects such as aircraft parts and services. It also incorporates the costs that are incurred to maintain one or more aircraft across its useful life. The rise in air passenger traffic is one of the chief reasons for the solid growth of the market size in recent times. According to the International Air Transport Association (IATA), the Asia Pacific region is responsible for 35% of scheduled passenger and cargo traffic. It has played a key role in influencing the performance of the market at the global level. 

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%. Some of the chief factors contributing to the commendable market performance include the surge in low-cost carriers and an increase in air traffic. To capitalize on the market opportunity and capture a major portion of the market share, several businesses have been competing with one another. 

The aviation asset management market outlook gives a detailed insight into its future growth potential. Several factors have been explored and analyzed, such as market opportunities, constraints, drivers, etc., that could impact industrial performance.

COVID 19 analysis

The COVID 19 started in the Wuhan city of China and within no time caused an epidemic situation globally. The pandemic has negatively affected the market by restricting its growth. As several stringent guidelines have been introduced pertaining to social distancing and lockdown, the air passenger traffic has considerably shrunk. It has led to a slump in the global market setting. However, based on the exhaustive market forecast, the market is likely to recover during the forecasted period. 

Chief variables existing in the market

  • Key market drivers¬†

A diverse range of factors could act as drivers and accelerate the growth of the market, such as the surge in air passenger traffic and the emergence of new aircraft models. The increase in investment in the sector could act as one of the major aviation asset management market trends that could positively influence its performance. 

  • Market challenges

Several challenges exist in the market landscape that has diminished its attractiveness. One of the main challenges is ample financial resources to integrate innovative technology into aviation asset management systems. The rapid evolution of technology also acts as a key challenge for the businesses that operate in the market. They are expected to operate flexibly so that they can adapt to the evolving market landscape. It could be a major challenge as the market is highly dynamic. 

  • Opportunities in the global market

A key opportunity in the market setting is the integration of innovative technologies to produce efficient and effective aviation asset management solutions. Based on the in-depth aviation asset management market analysis, businesses need to identify market opportunities and work on their strategy to sustainably exist in the market. 

  • Restraints

One of the chief restraints in the aviation asset management market is the introduction of strict industry-wide regulations. Companies must keep a constant tab on these areas so that they can function effectively in the market. During the forecasted period, the regulations introduced in the market could play an instrumental role in influencing the attractiveness of the industry and its growth potential.

Cumulative evaluation of the market

A diverse range of aviation asset management market trends have been captured and evaluated in the report. The market variables such as opportunities, drivers, threats, and challenges that could influence the market growth and performance in the future have been investigated thoroughly. In the future, a broad range of factors could come into play and facilitate market growth, such as the rise in air passenger traffic and the introduction of low-cost aircraft. However, the market's attractiveness could decrease owing to a key factor i.e.the existence of stringent market regulations and rules. To sustain in the attractive market setting, the operational business entities would have to devise suitable strategic approaches to gain a competitive edge against their industry rivals. 

Overview of the main market segments

  • By Service Type

Based on the service type, the aviation asset management market can be segmented into leasing services, technical services, and regulatory certification. The leasing services include aircraft leasing and other related components such as airframes and engines. Generally, airlines opt to lease aircraft as it reduces the ownership costs. During the forecasted period, this market segment is expected to play a leadership role in the market. Technical services such as inspection and maintenance could also contribute to the market revenue in the future. The regulatory certification segment, which involves certification for airworthiness, could gain momentum owing to the introduction of new regulatory policies. 

  • By End-User

The aviation asset management market can be segmented into commercial Platforms and Maintenance, Repair, and Overhaul (MRO) Services based on the end-user. The demand in the commercial platforms segment is expected to surge due to the rise in the number of low-cost carriers in search of asset management services. The increase in the number of old and aging aircraft fleets could play a major role and accelerate the demand of the MRO service segment. Both the market segments are expected to contribute to the market revenue during the forecasted period. 

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 favorable 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.

Competitive intensity in the industry

The competitive intensity in the market is high due to a large number of players. As the number of air passenger traffic has been surging, the businesses operating in the dynamic market have been competing to expand the portion of the aviation asset management market share that they hold. Some of the major players that have been dominating the market have been listed below: 

  • Airbus SAS

  • Airdate

  • GE Capital Aviation Services

  • Acumen

  • Skyworks Capital, LLC

  • Aviation Asset Management, Inc.¬†

  • BBAM Aircraft Leasing & Management

  • AerCap Holdings NV¬†¬†

Recent market developments

  • 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, has¬†announced a partnership withAirLiquide and VINCI Airports to promote the application of hydrogen and contribute to the decarbonization of the aviation sector.¬† ¬†

Report Overview

In this report, an in-depth and detailed market¬†analysis has¬†been carried out‚ÄĒseveral strategic tools such as the SWOT analytical model. PESTEL framework has been used to evaluate the micro and macro factors that exist in the market setting. The competitive intensity that prevails in the potential to influence the market¬†growth during¬†the forecasted period has been evaluated with the help of Porter's Five Force model. Based on the comprehensive aviation asset management market¬†forecast, it can be stated that the market would showcase positive performance in the future.¬†

Key Industrial segments

By Service Type

  • Leasing Services

  • Technical Services¬†

  • Regulatory Certification

By End-User

  • Commercial Platforms

  • Maintenance, Repair, and Overhaul (MRO) Services

Frequently Asked Questions (FAQ) :

Global aviation asset management market is projected to acquire market value of USD 8034.98 billion by 2030

Global aviation asset management market is estimated to thrive at a CAGR of 4.04% by 2030

The increasing investment in the aviation industry is the market USP of the global aviation asset management market.

The strict rules and regulations prevailing in the industry are likely to impede the global aviation asset management market.

AerData BV (U.S.), G.E. Capital Aviation Services (U.S.), Aercap Holdings NV (Netherlands), G. Telesis, LLC (U.S.), are some of the established players of the global aviation asset management market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players‚Äô financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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