Aviation Asset Management Market Growth Outlook Through 2024-2033

Overview and Scope
Aviation asset management refers to a programmatic method of proactively managing and maintaining aircraft across each aircraft’s useful life, from initial acquisition to final disposition. Aviation asset management help for cost savings, improving productivity, and reducing ownership costs within the airport.

Sizing and Forecast
The aviation asset management market size has grown strongly in recent years. It will grow from $239.88 billion in 2023 to $258.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing demand for air travel, increasing need for efficient asset management, rising demand for cost-effective solutions, growing investments in research and development, fleet expansion by airlines
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The aviation asset management market size is expected to see strong growth in the next few years. It will grow to $347.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to regulatory compliance requirements, rise in demand for fuel-efficient aircraft, growing importance of data analytics in asset management, expansion of the global aviation, emphasis on sustainability and environmental considerations. Major trends in the forecast period include increasing use of blockchain for aviation asset management, integration of internet of things (iot) for real-time monitoring, shift towards cloud-based aviation asset management solutions, development of end-to-end digital asset management platforms, collaborations between airlines and asset management service providers for efficiency gains.

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Segmentation & Regional Insights
The aviation asset management market covered in this report is segmented –

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

Asia-Pacific was the largest region in the aviation asset management market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing air passenger traffic is expected to propel the growth of the aviation asset management market going forward. Air passenger traffic refers to the number of passengers who have booked a flight. Aviation asset management helps passengers travelling in the air by reducing customer complaints and minimizing users’ downtime. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world’s airlines, overall air traveler numbers are expected to reach 4.0 billion in 2024. Therefore, the rise in air passenger traffic is driving the aviation asset management market.

Key Industry Players
Major companies operating in the aviation asset management market report are 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., Air Affairs Australia Pty Ltd., Aerotargets International LLC, Lockheed Martin Corporation, Leonardo SpA, Saab AB, The Boeing Company, L3Harris Unmanned Maritime Systems, 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., Air Partner plc, Airinmar Ltd., AJW Group plc, ALM Leasing & Financing Inc., Aircraft Maintenance and Engineering Corporation, Amentum Services Inc.

The aviation asset management market report table of contents includes:

1. Executive Summary
2.Aviation Asset Management Market Characteristics
3.Aviation Asset Management Market Trends And Strategies
4.Aviation Asset Management market analysis
5.Aviation Asset Management Market Size And Growth
6.Aviation Asset Management Segmentation
7. Aviation Asset Management Regional And Country Analysis
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27.Aviation Asset Management Competitive Landscape And Company Profiles
28.Aviation Asset Management Key Mergers And Acquisitions
29. Aviation Asset Management Future Outlook and Potential Analysis

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