What Are The Projected Market Size And Growth Rates For The Global Aviation Asset Management Market?
The aviation asset management market size showed significant growth in recent years. It was valued at $256.1 billion in 2024 and is estimated to increase to $275.01 billion in 2025 with a compound annual growth rate (CAGR) of 7.4%. The robust growth during this historic period can be attributed to the rising demand for air travel, increasing need for efficient asset management, expanding fleet sizes by airlines, and considerable investments in research and development.
The market is anticipated to sustain strong growth over the next few years, reaching an estimated $376.2 billion by 2029 with a CAGR of 8.1%. This growth can be attributed to factors like regulatory compliance requirements, a rise in demand for fuel-efficient aircraft, growing importance of data analytics in asset management, global aviation expansion, emphasis on sustainability and environmental considerations.
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What Factors Are Propelling The Growth Of The Aviation Asset Management Market?
The increase in air passenger traffic is expected to be a significant driver of the aviation asset management market. As the number of passengers booking flights increases, aviation asset management becomes crucial for reducing customer complaints and minimizing downtime for users. For instance, the International Air Transport Association (IATA) projects that overall air traveller numbers will reach 4.0 billion in 2024. Therefore, this rise in air passenger traffic is a significant contributor to the growth of the aviation asset management market.
What Are The Major Segments Within The Global Aviation Asset Management Market?
1) By Service Types: Leasing Services, Technical Services, Regulatory Certifications, End-To-End
2) By Types Of Aircraft: Wide-Body Aircraft, Narrow-Body Aircraft, Private Jets
3) By End-User: Commercial Platforms, Maintenance, Repair, and Overhaul (MRO) Services
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Which Are The Major Players In The Aviation Asset Management Market?
Significant companies operating in the aviation asset management market include Aerdata UK Ltd., Airbus SE, AerCap Holdings N. V., GE Capital Aviation Services LLC, Charles Taylor Aviation Limited, BBAM LLC, Aviation Asset Management Inc., SkyWorks Capital LLC, GA Telesis LLC, Acumen Aviation Ltd., Lockheed Martin Corporation, Leonardo SpA, Saab AB, The Boeing Company, BOC Aviation Limited, Avolon Holdings Limited, Air Lease Corporation, ST Engineering Aerospace Ltd., Dubai Aerospace Enterprise Ltd., SMBC Aviation Capital Corp., AerData B. V., AAR Corp., AeroCentury Corp., AerSale Inc., Airinmar Ltd., AJW Group plc, ALM Leasing & Financing Inc., Aircraft Maintenance and Engineering Corporation, Amentum Services Inc.
What Are The Emerging Trends In The Aviation Asset Management Market?
Key trends gaining traction in the aviation asset management market include technological advancement. For instance, in 2022, flydocs, a UK-based asset management solution provider, collaborated with SGI Aviation Services, a Netherlands-based aviation asset management company, to develop a financial asset management software solution. This partnership aimed to cater to a diverse range of aviation asset owners through digitized asset management tools, thereby maximizing the value of assets through technology and support.
Which Region Is Expected To Grow Rapidly In The Aviation Asset Management Market?
Asia-Pacific was the largest region standing out with a considerable share in the aviation asset management market in 2024 and is further expected to be the fastest-growing region in the forecast period. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The 2025 Aviation Asset Management Market Report Offer?
Aviation asset management refers to a programmatic approach that proactively manages and maintains aircraft throughout their useful life, from initial acquisition to final disposition. It helps achieve cost savings, improve productivity and reduce ownership costs within the airport. The Aviation Asset Management Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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