TechSci Research report states that the global aviation asset management market will experience steady growth during the forecast period, 2023-2027. The market demand is driven by factors such as commercial airline operators' focus on expanding their service offerings to cater to the needs of growing inflight and aerial cargo movement passengers. Market players are offering end-to-end life cycle management services to different aircraft operators, leasing companies, and financial institutes, enabling end-users to concentrate on their core operations. The aviation industry's growth has resulted in an increase in demand for a system that can manage assets and enhance the reliability and profitability of the aviation industry in the long term.
However, the high cost of manufacturing new aircraft and strict aircraft regulations may hinder the global aviation asset management market's growth during the forecast period.
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The global aviation asset management market is segmented into segmented into service type, type, end use, regional distribution, and competitive landscape.
The market is categorized into three segments based on service, namely, leasing services, technical services, and regulatory certifications. Over the next five years, leasing services are expected to dominate the market, as many companies in commercial airspace operations are seeking to outsource their aviation asset management services. Leading leasing services in the aviation asset management market include lease renewal, contract negotiation/renewal, and remarketing.
Based on type, the market is segmented into direct purchase, operating lease, finance lease, and sale & lease back. The direct lease segment is predicted to hold a significant market share during the forecast period as service providers offer the system at reasonable rates and with multiple features. Purchasing the system allows aviation industry players to maximize the system's benefits while reducing maintenance and operating costs by hiring several people for the same work.
The market is also divided based on end-use into commercial platforms and MRO services. Commercial platforms are expected to hold the largest market share during the forecast period, driven primarily by the continuous increase in air traffic and leading authorities' efforts to develop aircraft fleets in their respective countries to boost economic development.
Major market players operating in the global aviation asset management market are:
- AerCap Holdings N.V
- Aviation Asset Management Inc
- BBAM Aircraft Leasing & Management
- Acumen Aviation
- AerData (Boeing Company)
- GA Telesis, LLC
- Skyworks Capital, LLC.
- Charles Taylor Aviation (Asset Management) Ltd.
- GE Capital Aviation Services (General Electric Company)
- Airbus Group
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“The Asia-pacific region is expected to be the lucrative market for the global aviation asset management market in the forecast period. The public and private players of developing economies are increasing their investments in developing aviation infrastructure and expanding their aircraft fleet. Such as, the Indian government has lowered the custom duty from 2.5% to 0% on components or parts, engines, and manufacturing of aircraft as the country is aiming to become the third-largest aviation market by 2024. Also, the leading authorities are promoting their travel & tourism industry by introducing supportive policies and allowing foreign direct investments to the developing aviation industry which is expected to propel the growth of the global aviation asset management market till 2027” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Aviation Asset Management Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Service Type (Leasing Services, Technical Services, Regulatory Certifications), By Type (Direct Purchase, Operating Lease, Finance Lease, Sale & Lease Back) , By End Use (Commercial Platforms, MRO Services), and By Region”, has evaluated the future growth potential of global aviation asset management market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global aviation asset management market.
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