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Aviation Asset Management Market

Aviation Asset Management Market Analysis, By Type (Aircraft, Helicopter), By Purchase Type (Direct Purchase, Operating Lease, Finance Lease, Sale & Lease Back), By Service (Leasing Service, Technical Service, Regulatory Services, End-to-End), By End-Use & Region – Global Market Insights 2022-2032

Analysis of Aviation Asset Management Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Aviation Asset Management Market Outlook

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.

By lowering customer complaints and minimising user downtime, aviation asset management benefits travellers in the air.

For instance, the International Air Transport Association (IATA), a trade group for airlines based in Canada, projects that there is anticipated to be 4.0 billion passengers flying worldwide in 2024. As a result, the market for aviation asset management is being driven by the increase in air passenger traffic.

The market is expected to expand normally after COVID-19 due to the governments' tightening of restrictions and lockdown, which is anticipated to help the market to expand normally as the number of passengers flying increases.

Report Attributes

Details

Market Size (2022)

USD 178.50 billion

Projected Market Value (2032)

US$ 290.76 billion

Global Market Share

5%

Asia Pacific Market Revenue Share

50%

Latin America Market Revenue Share (2030)

USD 10 Billion

Narrow Body Aircraft Market Growth Rate

6%

Finance leases Market Growth Rate

>5%

Leasing Service in Market Revenue (2030)

USD 140 Billion

Airline Operators Segment in Market Growth Rate

>5%

Key Companies Profiled

  • 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

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Windows of Opportunities for the Market

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.

Aviation Asset Management Market

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Trends in the Market

Intensification of the emphasis on competitive intelligence and analytical solutions

Participants in the global aviation asset management market are increasingly focusing on competitive intelligence and real-time analytical solutions to boost profitability by increasing revenue and decreasing costs in areas such as forecast demand, tracking, fraud detection, marketing, and better data management.

Increase in Passenger Traffic in Aviation

The constant increase in passenger traffic is anticipated to generate a large amount of data, requiring aviation asset management market participants to use analytical solutions for a variety of purposes, including predicting customer preferences, reducing operational costs, managing fuel costs, and others.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Stumbling Blocks for the Market

Strict Government Regulations Can Act as a Growth Barrier

Several governments have introduced stringent regulatory frameworks pertaining to aircraft quality standards and limiting CO2 emissions, impeding market expansion.

Numerous audit reports point to agencies acquiring aircraft on the lease without proper justification and lacking accurate cost data, which may act as a barrier for the aviation industry, restraining the aviation asset management market share over the analysis timeframe.

Segmentation Insights

Which Market Type is projected to Create a Maximum Opportunity?

Reduced air travel costs to support the proliferation of narrow-body aircraft

The narrow-body aircraft segment is expected to grow at a CAGR of more than 6% and reach a significant valuation by the forecast period. The segment's expansion can be attributed to rising air traffic and the thriving domestic air travel industry in emerging economies.

The growing demand for Low-Cost Carrier (LCC), declining air travel expenses, and the rapid growth of business and medical tourism is anticipated to drive the adoption of aviation asset management solutions for narrow-body aircraft in the coming years.

Which Purchase Type is Expected to Offer a Significant Opportunity in the Market?

Low initial investments to help the finance lease segment grow

The finance leases segment in the market is expected to grow at a CAGR of more than 5% over the forecast period. Finance lease purchases allow airlines to use newer aircraft with higher specifications than they could otherwise afford without making a significant upfront investment.

Leasing companies have been working to introduce flexible payment structures that are tailored to the cash flow of the business. This, combined with the growing demand for Asset-Backed Securitization (ABS) in the commercial aircraft industry, is anticipated to boost the outlook for the market.

Which Service Generates The Most Revenue in the Market?

Cost-effective advantages to drive leasing service demand

In terms of services, the leasing service segment is expected to grow significantly and surpass USD 140 billion by 2030. Leasing services provide several advantages, including capacity flexibility, financial liquidity, rapid expansion, lower maintenance costs, and fleet consistency.

In the near future, the on-going advancements in urban mobility solutions and aircraft infrastructure is anticipated to drive demand for aviation asset management. Meanwhile, falling leasing rates and rising fuel costs is anticipated to benefit the leasing service segment share.

Which End User Generates Greatest Market Share?

Resurgent air travel to bring lucrative profits to airline operators.

In terms of end-use, the airline operators segment is expected to grow at a CAGR of more than 5% during the forecast period, owing to an increase in air traffic, which has accelerated demand for commercial and passenger aircraft.

The airline operators around the world have been focusing on expanding their fleet size. The ease of financial leasing and the acquisition of new aircraft to support the growing air traffic is anticipated to create new growth opportunities for the aviation asset management market in the coming years.

Regional Insights

Why is Asia Pacific Considered a Lucrative Market?

Increasing infrastructure spending to support regional business growth in Asia Pacific

Over 50% of global revenue was generated by the Asia Pacific market, which is expected to expand significantly over the forecasted period. The increase in investments by the government and public-private companies aimed at enhancing the current airport infrastructure is credited with the growth.

The regional market environment is anticipated to benefit from the increased emphasis on the adoption of zero-emission technologies across the aviation sector, supported by government funding.

How is Anticipated to North America Perform in the Market Landscape?

The growth of the global market size has been significantly aided by the North American region. Since there are numerous powerful and successful market players in the region, it is anticipated that it is anticipated to take the lead during the anticipated period.

How is Anticipated to Europe Fare in the Global Market for Aviation Asset Management?

Through the forecast period, the regional growth rate for the aviation asset management market in Europe may exceed 4%.

The regional industry may see new growth opportunities as a result of the significant increase in international passenger traffic and the rising leisure spending brought on by the economy's rapid expansion. The continued fleet growth, supported by the rising demand for air travel, is anticipated to drive the industry growth trends in Europe.

How Does Middle East and Africa Industry Assist the Growth of Market?

Large-scale airline investments in the Middle East and Africa to modernize their fleets may also favorably affect the aviation asset management market.

It is anticipated that the Middle East is anticipated to control a sizeable portion of the global market. The region's aviation asset management industry is expanding as a result of the expanding economy, rising aircraft demand, and rising air traveller numbers.

As more and more people travel to the UAE for business, the government's strategic location for business and investment is transforming the country in the Middle East into a major air transportation hub.

How is anticipated to the Aviation Asset Management Market Growth Escalate across Latin America?

Latin America's growing e-commerce market may fuel consumer demand.

By 2030, it is anticipated that the Latin American market is anticipated to be worth more than USD 10 billion. The demand for air freight services is growing as a result of the thriving e-commerce sector's outlook and the region's expanding trade opportunities.

In the upcoming years, it's possible that the regional industry is anticipated to grow as a result of the increasing sales of cargo aircraft used to guarantee on-time shipment deliveries.

Comparative View of Adjacent Aviation Asset Management Industry

Aviation Asset Management Industry:

Attributes

Aviation Asset Management Market

CAGR

(2022-2032)

5%

Market Value

(2032)

US$ 290.76 billion

Growth Factor

Trend of adopting new and advanced aircrafts on lease.

Opportunity

In order to lower ownership costs, airline operators are turning to leasing services.

Key Trends

The technological advancements to maintain growing passenger database.

Aviation Fuel Market :

Attributes

Aviation Fuel Market

CAGR

(2022-2032)

8%

Market Value

(2032)

US$ 440.68 Billion

Growth Factor

Rising air passenger travel, as well as proliferating businesses and short-distance travel, is anticipated to drive industry growth, owing to the tourism industry's proliferating popularity and the rising popularity of low-cost carriers.

Opportunity

The emergence of hybrid technologies, electric aircraft, and the on-going development of fully electric aircraft may have an impact on the aviation fuel market.

Key Trends

Some of the major factors driving business growth are improved flying routes and rising disposal incomes.

U.S. Negative Pressure Escape Mask Market :

Attributes

U.S. Negative Pressure Escape Mask Market

CAGR

(2022-2032)

4.2%

Market Value

(2032)

USD 74.6 Billion

Growth Factor

Over the forecast period, it is anticipated that rising oil and gas exploration activities in the area is anticipated to support demand for negative pressure escape masks.

Opportunity

Strong growth trends in the region's pulp & paper, medical, aerospace, metal fabrication, oil & gas, and manufacturing of chemicals are likely to contribute to positive increases in the size of the U.S. negative pressure escape mask market over the forecast period.

Key Trends

Due to its widespread use in preserving safety against toxic substances like powdered chemicals, solvents, gases, and sprays, rapid industrialization has been a significant factor contributing to the market.

Competitive Landscape

These market participants are focusing on creating joint value by forming strategic alliances and leveraging new technologies to meet rising demand for air travel while also improving customer experience.

Recent Development :

Date

Company Name

Strategy

Details

February 2022

AirAsia

Partnership

AirAsia signed a partnership agreement with Avolon, an aircraft leasing company based in Ireland, in February 2022 to lease a minimum of 100 VX4 eVTOL aircraft. This agreement is expected to help the former revolutionise air travel by providing advanced air mobility to passengers, allowing the airline to stay ahead of the competition.

November 2021

AerCap Holdings

Acquisitions

AerCap Holdings, a market leader in aircraft leasing, acquired General Electric's GE Capital Aviation Service in November 2021, making it the largest customer of Boeing and Airbus with roughly 300 clients worldwide.

-

Airbus

Partnership

The aviation asset management market leader Airbus has announced a partnership with AirLiquide and VINCI Airports to advance hydrogen use and advance the decarbonization of the aviation industry.

2022

Flydocs

Partnership

In 2022, flydocs, a UK-based provider of asset management solutions, teamed up with SGI Aviation Services, a Netherlands-based provider of aviation asset management services, to create a financial asset management software solution to serve a variety of aviation asset owners through flydocs' digitised asset management tools, maximising the value of assets through the use of technology and support.

June 2021

EnTrust Globa

Purchase

EnTrust Globa, a UK-based asset management firm, and SVPGlobal, a global investment firm, purchased DVB Bank Group's Aviation Investment and Asset Management business in June 2021, forming Deucalion Aviation Limited Company for an undisclosed sum. The acquisition is anticipated to strengthen the companies, establishing a global leader in innovative financing solutions for airlines and leasing clients worldwide. Deucalion Company is an aircraft asset management firm based in the United Kingdom.

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
  • By Region :

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • MEA

- Premium Report Details -

Aviation Asset Management Market
  • FACT8047MR
  • Dec-2022
  • Automotive
  • 170 Pages
  • 35 Tables
  • 175 Figures

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- FAQs -

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.

The aviation asset management market is expected to surpass US$ 290.76 billion by 2032.

Asia Pacific aviation asset management market holds the highest revenue potential.

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