Air Transport USM Market Size, Share, and Industry Analysis, By Aircraft Type (Commercial Aircraft (Narrow Body, Wide Body, Regional Aircraft, Business Jets), Military aircraft (Combat and Multirole, Military Transport Aircraft), and Rotary Wing (Commercial Helicopters and Military Helicopters), By Product Type (Engine Components, Airframe Components, Avionics, and Others), By Provider (OEM and Aftermarket), and Regional Forecast, 2024-2032

The Air Transport USM Market is witnessing considerable expansion globally, with a significant CAGR anticipated throughout the forecast period extending to 2032. Air transport USM refers to aircraft components and parts that have been certified as airworthy and are suitable for reuse in aircraft maintenance and repair. These parts are typically sourced from retired or surplus aircraft. They are restored to their original specifications to ensure they meet the necessary safety and performance standards for continued use in commercial aviation. USM is an essential aspect of the aviation industry, as it allows operators and maintenance organizations to reduce costs by using pre-owned parts that are still in good condition instead of purchasing brand-new components. However, all used parts must undergo rigorous testing, inspection, and certification before they are installed on an aircraft to ensure that they meet the necessary safety requirements.

The air transport USM market is driven by several key factors: the primary driver is the increasing global demand for air travel, fueled by rising disposable incomes, enhanced connectivity, and improved affordability. The increase in air passenger numbers has resulted in a heightened requirement for aircraft maintenance and repairs, thereby enhancing the demand for USM products. Moreover, military forces are a significant consumer of USM products, as they require specialized equipment for security and surveillance purposes, with strict performance requirements that drive manufacturers to develop innovative solutions.

Regional factors, such as strong economic growth, the emergence of low-cost carriers, and increasing air passenger numbers, are also collectively shaping the expansion of the air transport USM market.

Key Insights

The report covers the following key insights:

• The report analyzes a detailed overview of the industry, including qualitative and quantitative information.


• It analyzes an overview and forecast of the air transport USM market at the platform level.


• The report also analyzes comprehensive supply chain analysis at a global level. The market will be further distributed at regional and country levels.

Segmentation

Analysis by Product Type:

By product type, the market is segregated into engine components, airframe components, avionics and others. The engine components segment dominated the market due to the high cost of engine components and importance of engine in the aircraft.  The high-cost of the engine components enables the USM to become an affordable replacement. The avionics segment is expected to grow significantly over the forecast period. This segment includes used serviceable materials related to avionics systems, flight control systems, communication equipment, navigation systems, and other electronic components.

Regional Analysis

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The air transport USM market is significantly influenced by various regions, such as North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to continue growing, benefit from major players, such as Boeing and Airbus, and have a well-established transportation infrastructure. Europe is currently experiencing robust growth, which is attributed to a rising demand for air travel, the emergence of low-cost carriers, and a flourishing tourism industry. Due to rising disposable incomes and the availability of budget airlines, rapid growth is observed in Asia Pacific, especially in countries, such as India and China. The Middle East and Africa exhibit economic growth, domestic presence, and a rising number of air passengers.

Key Players Covered

• Pratt & Whitney


• TES Aviation Group


• AAR Corporation


• Honeywell International Inc


• General Electric


• Lufthansa Technik (LHT)


• MTU Aero Engines


• A J Walter Aviation


• AFI KLM E&M


• GA Telesis

Key Industry Developments

• In November 2023, GA Telesis, LLC, a leading global aviation services integrator, and Air Transport Services Group, Inc., a prominent provider of aircraft leasing, air cargo transportation, and related services, jointly announced that the Specialized Procedures Aeroengine Hospital (SPAH) joint venture located at the Wilmington Air Park in southwestern Ohio has been granted a 14 CFR Part 145 Air Agency Certificate by the U.S. Federal Aviation Administration. With this significant milestone, the joint venture will provide the airline industry with expedited jet engine maintenance and play a pivotal role in enhancing performance reliability.


• Links - https://www.prnewswire.com/news-releases/ga-telesis-engine-services-us-spah-facility-receives-faa-part-145-air-agency-certificate-301987791.html

• In October 2023, AIR recently expanded its supply agreement with MTU Maintenance to deliver used serviceable materials for RTX Corporation's RTX Pratt & Whitney PW2000 engines. With this multi-year agreement, AAR Corp. strengthened its long-standing alliance with MTU, established in 2009, and achieved its fourth successful contract extension.


• Links - https://finance.yahoo.com/news/aar-corp-air-expands-supply-130200379.html

• In September 2023, Bell revealed that Boeing is a new authorized supplier of used serviceable material (USM) products for Bell 212 and Bell 412 clients and maintenance specialists. This supplier partnership will improve Bell's global support for customers.


• Link - https://www.helicopterinvestor.com/news/100458/bell-reveals-boeing-as-used-serviceable-material-supplier/

• In September 2022, Global Advanced Aero Solutions, a subsidiary of Al Shaheen Aviation Holding, and AEROBAY, an all-in-one spare parts marketplace for rotary and fixed wings, entered a partnership in asset co-investment. Under the terms of this agreement, GAAS will co-finance the acquisition of an impressive range of aerospace assets, including rotatable inventories, engines, and complete helicopters and aircraft.


• Links - https://www.timesaerospace.aero/news/general-aviation/gaas-and-aerobay-enter-partnership-in-asset-co-investment 

• In August 2022, VAS Aero Services, a global leader in aviation logistics and aftermarket services, announced that it had acquired four Airbus A330-300 airframes and 11 Pratt & Whitney PW4168 engines from Fort Worth, TX-based American Airlines, the largest commercial air carrier in the U.S. America's fleet of four Airbus A330-300 wide-body aircraft was retired in 2020. The airframes will be allocated for teardown, and the surplus parts will be distributed through VAS' worldwide airline operator customer base.


• Links - https://newsroom.aviator.aero/vas-aero-services-secures-deal-with-american-airlines-to-acquire-four-of-the-carriers-airbus-a330-300-airframes-and-11-pw4168-engines/