The aviation asset management market was valued at more than USD 178.50 billion in 2022 and is expected to grow at a CAGR of more than 5% over the forecast period. The market for aviation asset management is estimated to be worth US$ 290.76 billion by 2032.
Increasing demand for cargo planes for efficient freight is anticipated to support market growth during the forecast period. The emergence of several asset management services across the aviation sector, driven by the increasing need for cargo aircraft to ensure agile and timely product deliveries, may propel aviation asset management market growth over the forecast period.
The ongoing expansion of regional airlines‘ operational fleets is a significant factor driving demand for aviation asset management solutions. Regional airline operators have made significant investments to replace their existing fleet with new aircraft with enhanced functionalities in order to reduce carbon emissions and meet sustainability goals.
Governments are encouraging Greenfield investment in the aviation sector in order to improve manufacturing capabilities to boost the aviation asset management market adoption trends on the whole.
Key Takeaways from Market Study:
• The aviation asset management market is driven by rising demand for advanced asset management solutions in the aviation industry.
• Increasing investments in the aviation industry, growing adoption of the Internet of Things (IoT) in aviation asset management, and growing adoption of cloud-based asset management soltions are expected to propel the market growth.
• North America accounted for the largest market share in 2018, due to presence of major aviation asset management providers, such as IBM Corporation and Oracle Corporation.
• The aviation asset management market size is anticipated to be over USD 178.50 billion in 2022.
• The aviation asset management market is predicted to grow at CAGR of 5% through 2032.
• Asia Pacific aviation asset management market holds the highest revenue potential.
Key Segments
By Type:
- Aircraft
- Wide body aircraft
- Narrow body aircraft
- Private jets
- Helicopter
By Purchase Type:
- Direct purchase
- Operating lease
- Finance lease
- Sale & Lease Back (SLB)
By Service:
- Leasing service
- Technical service
- Regulatory services
- End-to-End
By End-Use:
- Airline operators
- Leasing companies
- Cargo operators
- MRO service providers
- Commercial platforms
These insights are based on a report on Aviation Asset Management Market by Fact.MR.
