PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300901
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1300901
Global Aviation asset management Market is valued approximately at USD 120.8 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.0% over the forecast period 2023-2030. Aviation asset management is the practice of managing aircraft assets in order to maximize their financial performance, minimize risk and ensure safety. This includes monitoring and controlling flight operations, maintenance, and other related activities. The Aviation asset management market is expanding because of factors such as increased demand for advanced aircraft and rise in air traffic. However, its prevalence has progressively increased during the last few decades.
According to a study done by the International Air Transport Association, the global number of passengers is predicted to exceed seven billion, with an annual growth rate of 4.1 percent. There has been an increase in the profitability of airliners due increased fuel efficiency of aircraft operations. Furthermore, Air travel has become more inexpensive as per capita income has increased across countries. This has led to the global surge in aviation passenger travel, another important component driving rise in air traffic. According to International Air Transport Association, Asia-Pacific airlines increased by 378.7%, in between 2022 to 2023 in February and maintaining the very positive momentum of the past few months since the lifting of travel restrictions in the region. Capacity rose 176.4% and the load factor increased 34.9 percentage points to 82.5%, the second highest among the regions. In addition, lower ownership costs, airline operators are turning to leasing services and growing air traffic is anticipated to create new growth opportunities for the aviation asset management market. However, numerous audit reports point to agencies acquiring aircraft on the lease without proper justification and lacking accurate cost data, which may act as a barrier for the aviation industry stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Aviation asset management Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the aviation asset management market and will continue to flourish its trend of dominance during the forecast period owing to the rising procurement of technologically advanced aircraft. According to Statista by 2027, the market is predicted to reach a value of US$168.50 billion, with revenue estimated to rise at a 2.90% CAGR over that period. Asia Pacific is expected to fastest growing region during the forecast period, owing to factors such as development in the aviation industry , rising commuters and increasing personal disposable income across the region.
Major market player included in this report are
Acumen
AerData (Boeing Company)
Airbus Group
AerCap Holdings N.V
Aviation Asset Management Inc
BBAM Aircraft Leasing & Management
Charles Taylor Aviation (Asset Management) Ltd
GE Capital Aviation Services (General Electric Company)
GA Telesis
Skyworks Capital, LLC.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable