The global aviation asset management market size is expected to showcase robust growth during the forecast period of 2024-2032. Aviation Asset Management (AAM) is the process of effectively managing all the resources that are used in aviation operations, such as buildings, aircraft engines, spare parts, and other assets. The aim of AAM is to reduce costs, increase utilization, and enhance the overall operational efficiency and safety. It involves different activities, such as leasing, buying, repairing, and disposing off aviation assets. Carrying out these tasks can help the aviation sector run more smoothly and ensure the safety of its passengers, thereby increasing their adoption.

Fortune Business Insights presents this information in a report titled "Aviation Asset Management Market, 2024-2032."

Informational Source:

https://www.fortunebusinessinsights.com/aviation-asset-management-market-109641

Major Players Profiled in the Report

• Avolon (Ireland)
• General Electric (U.S.)
• Boeing (U.S.)
• GA Telesis LLC (U.S.)
• AerData B.V. (Netherlands)
• BOC Aviation (Singapore)
• Airbus (Netherlands)
• Dubai Aerospace (U.A.E.)
• ST Engineering (Singapore)

Segments

By aircraft type, the market is divided into wide-body aircraft, narrow-body aircraft, private jets, and helicopters.

By service type, the market is segregated into leasing services, technical services, and regulatory services.

By purchase type, the market is segmented into direct purchase, operating lease, finance lease, and sales & lease back.

By end-use, the market is classified into commercial platforms and MRO.

With respect to geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage

The report has conducted a detailed analysis of the market and focused on several critical aspects, such as leading service types, purchase types, popular end-uses, and key market players. It has also highlighted the most recent market trends and the key developments in the industry. In addition to the factors mentioned above, the report delves into several other factors that have helped the market grow.

Drivers & Restraints

Rapid Urbanization and Increasing Air Traffic to Bolster Market Growth

Many countries across the world are experiencing rapid urbanization due to the mass migration of individuals to cities to improve their standard of living. Moreover, the global population is witnessing a notable rise in their disposable incomes, thereby increasing the number of passengers travelling by air. These factors have bolstered the production of both private and commercial aircrafts, which will also boost the demand for aviation asset management services to increase their lifespan and enhance passengers’ safety.

However, economic uncertainties in different countries can reduce air travel, which can negatively impact the demand for aviation asset management services.

Regional Insights

North America Dominates Market Due to Presence of Well-Established Aviation Industry

North America is dominating the global aviation asset management market share as the region has a robust aviation sector and an advanced infrastructure. Moreover, the demand for fleet management services is also high in the region, which will further propel the market’s growth.

The Asia Pacific aviation asset management market has recorded the fastest CAGR owing to a strong growth in air travel and increasing investments in the aviation infrastructure.

The market in Europe will also see significant growth due to the rise in air traffic and increase in expenditure on leisure travel.

The Middle East & Africa will display healthy progress in the global market due to strong economic growth in various countries across the region.

Latin America is predicted to experience commendable growth as the region’s e-commerce industry is flourishing, which will increase the use of air freight services.

Competitive Landscape

Key Market Players to Focus On Acquisitions and Partnerships to Expand Business Presence

Some of the leading players driving the global aviation asset management market growth include Avolon, General Electric, Boeing, GA Telesis LLC, AerData B.V., BOC Aviation, Airbus, Dubai Aerospace, and ST Engineering. These manufacturers are signing various acquisition and partnership agreements to increase their global footprint and expand their current product portfolio.

Key Industry Development

• April 2024: AIP Capital, a global aviation asset management and investment company, created Phoenix Aviation Capital, a full-service aircraft lessor that will focus on funding modern aircraft across the world.
• March 2024: Crestone Air Partners Inc. announced that it had purchased 11 Boeing 757-300 aircraft. The purchase of these airplanes was subject to the pre-existing lease contracts with Condor.
• January 2024: Aergo Capital collaborated with Acumen Aviation to expand the scope of aviation asset and investment management services for its investors. The partnership will bring together the in-depth knowledge and expertise of both the companies, thereby creating a more holistic approach to investments made in the aviation industry.
• August 2023: AIP Capital announced its intention to allocate around USD 200 million to small- and medium-sized aerospace suppliers by the end of 2024 to address the financial challenges faced by the lower rungs of the aviation supply chain.