Air Transport USM Market to Grow 4.43% CAGR through 2029

Increasing demand for cost-effective maintenance solutions, growing number of aircraft retirements, and advancements in USM quality standards are the factors driving the market in the forecast period

 According to TechSci Research report, “Air Transport USM Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Air Transport USM Market stood at USD 2.70 billion in 2023 and is anticipated to grow with a CAGR of 4.43% through 2029. The global Air Transport Used Serviceable Material (USM) market is experiencing significant growth, driven by various trends and factors that shape its dynamics. USM refers to the reusable parts harvested from retired or decommissioned aircraft, which are then inspected, repaired, and certified for use in maintaining operational aircraft. This market offers airlines a cost-effective and sustainable alternative to new parts, making it an increasingly attractive option in the aviation industry.

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One of the primary drivers of the global USM market is the increasing demand for cost-effective maintenance solutions. Airlines are under constant pressure to reduce operational costs and improve efficiency, and USM provides a viable solution. By using serviceable materials from retired aircraft, airlines can significantly cut down on maintenance expenses while ensuring safety and compliance. This is particularly crucial in an industry where maintenance, repair, and overhaul (MRO) costs constitute a substantial portion of an airline's budget.

Another major trend influencing the USM market is the growing availability of retired aircraft parts. The aviation industry is witnessing an increase in the retirement of older aircraft, driven by the introduction of more fuel-efficient and technologically advanced models. This surge in aircraft retirements has created a robust supply of serviceable materials, which are then refurbished and reintroduced into the market. The availability of these parts ensures a steady supply to meet the rising demand from airlines and MRO providers.

Advancements in recycling and sustainability practices within the aviation industry are also contributing to the growth of the USM market. Airlines and MRO providers are increasingly adopting environmentally friendly practices, including the recycling of aircraft parts. By utilizing USM, they not only reduce waste but also minimize the environmental impact associated with manufacturing new parts. This trend aligns with the broader push towards sustainability in the aviation industry and enhances the appeal of USM as a green alternative.

The COVID-19 pandemic had a profound impact on the aviation industry, including the USM market. The pandemic led to a sharp decline in air travel, prompting airlines to retire older aircraft earlier than planned. This accelerated the availability of USM parts in the market. As the industry gradually recovers, the demand for cost-effective maintenance solutions is expected to rise, further propelling the growth of the USM market. Airlines are likely to focus on optimizing their operations and reducing costs, making USM an integral part of their maintenance strategies.

In conclusion, the global Air Transport USM market is poised for robust growth, driven by cost-saving imperatives, an increasing supply of retired aircraft parts, sustainability trends, and technological advancements. While North America remains a dominant player, the Asia Pacific region is rapidly emerging as a key growth engine. The post-pandemic recovery of the aviation industry is expected to further fuel the demand for USM, making it a critical component of modern aircraft maintenance practices. As airlines and MRO providers continue to seek efficient and sustainable solutions, the USM market is set to play a pivotal role in shaping the future of aviation maintenance.

The global Air Transport USM market segmented into component type, aircraft type, region and company. 

Based on region, Asia Pacific region is rapidly emerging as the fastest-growing segment in the global Air Transport Used Serviceable Material (USM) market. This surge is fueled by the region's expanding aviation industry, marked by increasing air travel demand, significant fleet expansion, and a growing number of low-cost carriers.

Countries such as China, India, and Southeast Asian nations are witnessing unprecedented growth in passenger traffic, prompting airlines to expand their fleets and enhance maintenance operations. The rapid urbanization and rising middle-class population contribute to this trend, making air travel more accessible and frequent. Consequently, the demand for cost-effective maintenance solutions, including USM, is escalating.

The region's airlines are keen on optimizing operational efficiency and reducing maintenance costs, which drives the adoption of USM. The advantages of USM, such as lower costs and quicker turnaround times, align well with the operational strategies of many Asia Pacific carriers. Additionally, the increased retirement of older aircraft in the region has boosted the supply of USM, further supporting market growth.

Furthermore, the establishment of new maintenance, repair, and overhaul (MRO) facilities across the Asia Pacific enhances the region's capacity to handle and utilize USM. These developments, coupled with supportive regulatory environments, position Asia Pacific as a key growth engine in the global Air Transport USM market, reflecting the region's dynamic aviation landscape.

Major companies operating in Global Air Transport USM Market are:

• AerFin Limited
• The Boeing Company
• General Electric Company
• Honeywell International Inc.
• GA Telesis, LLC
• Meggitt PLC
• MTU Aero Engines AG
• RTX Corporation 
• Rolls-Royce plc
• AAR Corp.

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 “The Global Air Transport Used Serviceable Material (USM) Market is a pivotal domain where economic efficiency meets sustainability in aviation. Driven by the imperative for cost-effective maintenance, the market thrives on the reuse of meticulously inspected components, offering airlines substantial savings without compromising safety. This dynamic market embraces digital transformation, sustainability practices, and collaborative partnerships. As airlines increasingly focus on sustainable operations, the USM Market aligns with circular economy principles, contributing to environmental responsibility. Amidst technological advancements and market trends, the USM Market remains integral, ensuring the longevity, efficiency, and eco-consciousness of the global air transport industry.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Air Transport USM Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component Type (Engine, Landing Gear, Hydraulic System, Avionics, and Others), By Aircraft Type (Wide-Body, Narrow-Body, Regional Jets, and Others), By Region, Competition, 2019-2029F”, has evaluated the future growth potential of Global Air Transport USM Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Air Transport USM Market.

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