Air Transport USM Market Growth Outlook Through 2024-2033

Air transport USM (used serviceable material) refers to parts from retired aircraft that have been put in operational aircraft. These materials are immediately replaced in the service aircraft, which aids in lowering the cost of aviation maintenance.

Sizing and Forecast
The air transport USM market size has grown strongly in recent years. It will grow from $5.34 billion in 2023 to $5.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.  The growth in the historic period can be attributed to aging aircraft fleet, cost-efficiency in aviation operations, stringent regulatory standards, global air travel growth, sustainability initiatives.

The air transport USM market size is expected to see strong growth in the next few years. It will grow to $7.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.  The growth in the forecast period can be attributed to rising demand for aircraft maintenance, expansion of low-cost airlines, circular economy in aviation, market expansion in emerging regions, resilience in post-pandemic recovery. Major trends in the forecast period include on-demand USM marketplaces, artificial intelligence (AI) for inventory optimization, remote diagnostics and maintenance support, emphasis on regulatory compliance, collaboration and partnerships for USM solutions.

Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/air-transport-usm-global-market-report

Segmentation & Regional Insights
The air transport USM market covered in this report is segmented –
1) By Product Type: Engine, Components, Airframe
2) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Turboprop Aircraft, Regional Aircraft
3) By Application: Original Equipment Manufacturer (OEM), Aftermarket

Asia-Pacific was the largest region in the air transport USM market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global air transport USM market during the forecast period. The regions covered in the air transport usm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9378&type=smp

Major Driver Impacting Market Growth
The rise in the number of air passengers is expected to propel the air transport USM market. An air passenger refers to a person or business involved primarily in the transportation of people by aircraft in interstate commerce. As air traffic grows, it becomes more important to maintain aircraft through repairs and component rebuilds regularly. For instance, in March 2022, the International Air Transport Association (IATA), a Canada-based association that supports airline activity, projects that there will be 4.0 billion passengers worldwide in 2024 (including multi-sector connecting flights as one passenger), reaching pre-COVID-19 levels. The total number of travelers in 2021, and in 2022, 83% are anticipated, followed by 94% in 2023, 103% in 2024, and 111% in 2025. Therefore, the increase in the number of air passengers is driving the growth of the air transport USM market.

Key Industry Players
Major companies operating in the air transport USM market report are HNA Group Co. Ltd., Raytheon Technologies Corporation, Boeing Company, Delta Air Lines, Singapore Technologies Engineering Ltd., Fanuc Corp., Lufthansa Technik AG, MTU Aero Engines AG, AirLiance Materials LLC, HEICO Corporation, Triumph Group, VSE Aviation Inc., GA Telesis LLC, Aviation Technical Services Inc., AerSale Inc., Unical Aviation Inc., AJW Group, Magnetic Group, TurbineAero Inc., Precision Aircraft Solutions, AAR Corporation, TES Aviation Group, A J Walter Aviation Limited, Liebherr Group, Air France Industries and KLM Engineering & Maintenance, Satair Inc., Wencor Group, WABNET GmbH, Aircraft Inventory, Avtrade Ltd.

The air transport usm market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model