Aviation Asset Management Market Poised to Reach US$ 290.76 Billion at a 5% CAGR by 2032


The aviation asset management market was valued at more than USD 178.50 billion in 2022, and over the course of the projection period, a compound annual growth rate (CAGR) of more than 5% is predicted. The aviation asset management industry is projected to grow to a value of US$ 290.76 billion by 2032.

An increasing need for cargo aircraft, particularly for effective freight services, is anticipated to fuel the anticipated expansion. Over the course of the forecast period, the aviation asset management market is expected to grow due to the proliferation of asset management services offered by the aviation industry. This growth is being driven by the increasing need for cargo planes to ensure quick and efficient product deliveries.

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The Aviation Asset Management Market is booming in the ever-changing aviation industry thanks to advanced technical improvements and growing demand. The aviation sector faces problems that make strategic asset management even more important.

The Intense Demand

The growing need for air travel is one of the main factors propelling the market’s expansion. In order to accommodate the growing demand for passengers and cargo, airlines are growing their fleets as global connectivity keeps growing. There is a growing market for aviation asset management solutions as a result of the increase in aircraft, which calls for efficient and effective asset management tactics.

Advances in Technology are Redefining Practices:

Technological advancements have a significant impact on the aviation business, and this also holds true for the asset management sector. The Internet of Things (IoT), artificial intelligence, and advanced analytics are completely changing the way aircraft assets are maintained, optimized, and monitored. AI-powered predictive maintenance enhances overall operational efficiency by proactively identifying possible problems and minimizing downtime.

Cloud-Based Technologies Gaining Traction:

In the field of aircraft asset management, cloud-based technologies are beginning to disrupt the game. These platforms facilitate seamless connection with other aviation systems, cooperation, and real-time data access. Cloud-based asset management systems are being adopted by airlines and operators more frequently in an effort to reduce costs, improve decision-making, and streamline operations.

Enhanced Economy of Cost:

Effective aviation asset management balances cost-effectiveness with operational optimization. Airlines are always under pressure to decrease expenses without sacrificing fleet safety and dependability. By integrating cutting-edge technologies, asset performance may be precisely tracked, resulting in lower maintenance costs and longer component lifespans.

Important Players:

  • Boeing Global Services
  • GE Capital Aviation Services
  • Aercap Holdings NV
  • Airbus Group
  • BOC Aviation
  • Avolon
  • including Air Lease Corporation
  • ST Engineering
  • Dubai Aerospace
  • SMBC Aviation

Competitive Environment

As the demand for air travel rises, industry players are actively working to create shared value through strategic alliances and the utilization of emerging technology to improve the entire experience for customers.

Current Events:

February 2022: In February 2022, AirAsia and the Irish aircraft leasing business Avolon signed a collaboration arrangement. A major step toward transforming aviation travel, the arrangement calls for leasing at least 100 VX4 eVTOL aircraft. By taking this calculated risk, AirAsia will be able to provide passengers cutting-edge air mobility and maintain a competitive advantage in the market.

November 2021: General Electric’s GE Capital Aviation Service was fully acquired by AerCap Holdings, a well-known player in the aircraft leasing industry, in November 2021. With almost 300 clients worldwide, this deal cemented AerCap Holdings’ position as Boeing and Airbus’ biggest customer.

June 2021: The aviation investment and asset management division of DVB Bank Group was jointly bought by EnTrust Global, a UK-based asset management company, and SVPGlobal, a global investment organization. A UK-based company called Deucalion Aviation Limited Company was established as a result of the acquisition, managing aircraft assets. The unannounced deal is anticipated to fortify the participating businesses and position them as a global leader in cutting-edge finance options for airlines and leasing customers across the globe.

Important Sections

  • 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
  • By Region :
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA

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The Aviation Asset Management Market is a critical facilitator of cost optimization, dependability, and efficiency in the face of a paradigm shift in the aviation industry. The market is poised to reach new heights, influencing aviation asset management techniques globally, with rising demand and technological improvements at its heart.

Contact: (628) 251-1583, +353-1-4434-232; Fax: 11140 Rockville Pike, Suite 400, Rockville, MD 20852, United States; Email: [email protected]

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