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Aviation Asset Management Market Size, Share and Industry Analysis, By Aircraft Type (Wide-Body Aircraft, Narrow-Body Aircraft, Private Jets, and Helicopter), By Service Type (Leasing Service, Technical Service, and Regulatory Service), By Purchase Type (Direct Purchase, Operating Lease, Finance Lease, and Sales and Lease Back), By End-Use (Commercial Platforms and MRO), and Regional Forecast, 2024-2032
Report Format: PDF | Published Date: Ongoing | Report ID: FBI109641 | Status : UpcomingThe global aviation asset management market is seeing remarkable growth, with a significant CAGR forecasted throughout the period up to 2032. Aviation asset management refers to the strategic process of managing all resources associated with aviation operations, such as aircraft engines, buildings, spare parts, and other assets. The goal is to maximize utilization, minimize costs, and ensure operational safety and efficiency. This inclusive approach involves various tasks, such as purchasing, leasing, maintenance, repair, and disposal of aviation assets. It aims to comply with industry standards and legal obligations and optimize the value of assets throughout their lifecycle. Companies can save time and money by tracking assets effectively, enhancing safety by identifying potential hazards, reducing costs through improved asset utilization, improving competitiveness by managing assets effectively, ensuring regulatory compliance, and meeting customer expectations by providing accurate information and improving satisfaction.
The aviation asset management market is influenced by the growing demand for air travel due to global population growth and urbanization, which requires efficient asset management for commercial aircraft fleets. Technological advancements, such as IoT and big data adoption, are crucial in the sector, driving the development of cutting-edge asset management solutions. Air traffic growth, driven by comfort, convenience, and disposable income, fuels market expansion. The market is also influenced by economic uncertainty, such as financial crises having an impact on air travel demand and the escalating demand for aircraft leasing.
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 aviation asset management 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.
Aviation Asset Management Market Segmentation
By Aircraft Type | By Service Type | By Purchase Type | By End-Use | By Region |
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Analysis by Service Type:
By service type, the aviation asset management market can be bifurcated into leasing service, technical service, and regulatory service. Leasing services include the leasing of aircraft and other associated components, such as airframes and engines. In general, airlines choose to lease aircraft as it lowers the cost of ownership. This market segment is expected to hold the leading position in the market during the forecast period. Technical services, such as inspection and maintenance, may also add to market revenue in the future. The regulatory certification segment, which includes airworthiness approval, may gain momentum with the introduction of new regulatory policies.
Regional Analysis
The aviation asset management market is segmented into various regions, such as North America, Europe, Asia Pacific, Latin America and the Middle East & Africa.
North America is the dominant market due to its established aviation industry, advanced infrastructure, and high demand for fleet management services. Asia Pacific has emerged as the fastest-growing region, fueled by a rapid expansion of air travel, infrastructure investments, and the emergence of low-cost carriers. Europe experiences significant expansion owing to a rise in passenger traffic and leisure expenditure, with the aviation sector significantly contributing to the economy. The Middle East and Africa region is expected to see significant market share growth, driven by economic improvements, increased aircraft demand, and rising air traveler numbers. Latin America is expected to experience significant growth, driven by rising trade prospects and a flourishing e-commerce industry, which will boost demand for air freight services.
Key Players Covered
- Avolon
- Boeing Global Services
- General Electric Company
- AerData B.V.
- GA Telesis L.L.C
- Lufthansa Technik AG
- Airbus Services
- MTU Aero Engines AG
- BOC Aviation
- ST Engineering
- Dubai Aerospace
Key Industry Developments
- In April 2024, AIP Capital, a global aviation asset management and investment firm, formed Phoenix Aviation Capital, a full-service aircraft lessor focused on financing modern, in-demand aircraft globally.
- In March 2024, Crestone Air Partners, Inc., a full-service aviation asset management platform, announced the successful completion of the acquisition of eleven Boeing 757-300 aircraft. All eleven aircraft were acquired subject to the pre-existing lease agreements with Condor.
- In March 2024, Charles Taylor strengthened its leadership team in the Asia Pacific region with the strategic appointments of Bob Battoo as the new managing director for aviation and Dennis San Jose as the resident technical manager for aviation asset management. These appointments demonstrate Charles Taylor's commitment to strengthening its aviation services offerings and support across the region.
- In January 2024, Aergo Capital and Acumen Aviation announced a dynamic collaboration aimed at elevating the scope of aviation asset and investment management services for our esteemed investor base. This strategic partnership combines the extensive knowledge and decades of experience inherent in both organizations, presenting a holistic and more thorough and comprehensive approach to aviation investments.
- In August 2023, AIP Capital, the aviation asset management arm of 777 Partners, intended to allocate up to USD 200 million to small and medium aerospace suppliers by the end of the upcoming year. At a time when the lower rungs of the supply chain are encountering financial challenges, a single investment will range between USD 10 million and USD 30 million, and the investments may include a first lien loan.
- Global
- 2023
- 2019-2022