Home > Aerospace & Defense > Aviation Technology > Aviation Asset Management Market

Aviation Asset Management Market Size

Report ID: GMI4747
Published Date: Sep 2022
Report Format: PDF

Download Free Sample

Aviation Asset Management Market Size

Aviation Asset Management Market size was worth more than USD 170 billion in 2021 and is projected to expand at over 5% CAGR from 2022 to 2030. Surging demand for cargo aircrafts for efficient freight to bolster the industry growth during the forecast period.

To get key market trends

Download Free Sample

The proliferation of several asset management services across the aviation sector, driven by the surging requirement for cargo aircraft to ensure agile and fast product deliveries, may propel the industry growth over the projection period. Based on a September 2022 press release by International Air Transport Association (IATA), air cargo movements account for roughly USD 6 trillion worth of goods or 35% of global trade by value per year. Globalization along with the demand for efficient freight services is augmenting the industry share.

Strict government regulations to act as a growth barrier

The governments across several economies have been introducing stringent regulatory frameworks pertaining to aircraft quality standards and limiting CO2 emissions, impeding industry expansion. In addition, there are numerous audit reports pointing toward agencies acquiring aircraft on the lease without proper justification and lacking accurate cost data, which may act as barrier for aviation industry, restraining the aviation asset management market share over the analysis timeframe.

Aviation Asset Management Market Report Attributes
Report Attribute	Details
Base Year:	2021
Aviation Asset Management Market Size in 2021:	170 billion (USD)
Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	5%
2030 Value Projection:	300 billion (USD)
Historical Data for:	2018 to 2021
No. of Pages:	250
Tables, Charts & Figures:	346
Segments covered:	Type, Purchase Type, Service, End-Use
Growth Drivers:	Growing numbers of passengers opting for air travel Increasing AIcargo import and export across the globe Government initiatives to support the operational activities in aviation industry Trend of adopting new and advanced aircrafts on lease Advancements in technology to maintain increasing database of the passengers Airline operators shift towards leasing services to reduce cost of ownership
Pitfalls & Challenges:	Stringent government regulations like taxation, emission norms, etc Volatility in global fuel prices Restructuring of aircrafts according to COVID norms Geopolitical conflicts impacting the trade

Learn more about the key segments shaping this market

Download Free Sample

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

The market size for aviation asset management exceeded USD 170 billion in 2021 and is likely to exhibit over 5% CAGR from 2022 to 2030, due to the proliferating demand for asset management services across the aviation sector.

The finance lease segment could depict more than 5% CAGR over the forecast period, attributed to the presence of a flexible payment structure and low upfront investments.

The airline operators segment is speculated to witness more than 5% CAGR from 2022 to 2030, owing to the surging air traffic and increasing acquisitions of new aircraft through financial leasing.

Notable players in the aviation asset management market include Boeing Global Services, GE Capital Aviation Services, Aercap Holdings NV, Airbus Group, BOC Aviation, Avolon, and others, including Air Lease Corporation, ST Engineering, Dubai Aerospace, and SMBC Aviation.