Aviation Asset Management Market to be dominated by Commercial Platforms through 2027
Growing aviation industry
and decline in the air ticket prices are driving the demand for global aviation
asset management market in the forecast period, 2023-2027.
According to TechSci Research
report, “Aviation Asset
Management Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027”, the global aviation asset
management market is anticipated to witness steady growth in the forecast
period, 2023-2027. Factors such as the rise in the focus of commercial airline
operators to expand their service offerings to cater to the needs of growing inflight
and aerial cargo movement passengers are driving the global aviation asset
management market demand. The market players offer end-to-end life cycle
management services to different aircraft operators, financial institutes, and leasing companies, allowing
the end-users to focus on their core operations. Due to the growing aviation
industry, there is an increase in demand for a system that can manage the
assets and boost the reliability and profitability of the aviation industry in
the long run.
However, the high cost of
manufacturing new aircraft and stringent aircraft regulations may restrain the
growth of the global aviation asset management market in the forecast period.
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data Figures spread through 110 Pages and an in-depth TOC on "Global Aviation Asset Management Market"
The global aviation asset
management market is segmented into segmented into service type, type, end use,
regional distribution, and competitive landscape.
Based on service, the market
is divided into leasing services, technical services, regulatory
certifications. Leasing services are expected to capture the highest market
share in the next five years as the large number of companies working in
aircraft operations in commercial airspace are looking for ways to outsource
their aviation asset management services. Some of the leading leasing services
in the aviation asset management market are lease renewal, contract
negotiation/renewal, and remarketing.
Based on type, the market is
divided into direct purchase, operating lease, finance lease, sale & lease
back. The direct lease segment is expected to account for a significant market
share in the forecast period as the service providers are offering the system
at reasonable rates and multiple features. By purchasing the system, the
aviation industry market players can utilize the maximum benefits of the system
and lower the maintenance and operating costs of hiring several people for the
same work.
Based on end use, the market
is bifurcated into commercial platforms and MRO services. Commercial platforms
are expected to hold the largest market share in the forecast period. The
continuous rise in the air traffic and the increase in efforts by the leading
authorities to develop aircraft fleet of their respective countries to boost
the economic development is primarily driving the demand for commercial
platforms.
Major market players
operating in the global aviation asset management market are:
- AerCap Holdings N.V
- Aviation Asset Management Inc
- BBAM Aircraft Leasing & Management
- Acumen Aviation
- AerData (Boeing Company)
- GA Telesis, LLC
- Skyworks Capital, LLC.
- Charles Taylor Aviation (Asset Management) Ltd.
- GE Capital Aviation Services (General Electric Company)
- Airbus Group
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“The Asia-pacific region is
expected to be the lucrative market for the global aviation asset management
market in the forecast period. The public and private players of developing
economies are increasing their investments in developing aviation
infrastructure and expanding their aircraft fleet. Such as, the Indian
government has lowered the custom duty from 2.5% to 0% on components or parts,
engines, and manufacturing of aircraft as the country is aiming to become the
third-largest aviation market by 2024. Also, the leading authorities are
promoting their travel & tourism industry by introducing supportive
policies and allowing foreign direct investments to the developing aviation
industry which is expected to propel the growth of the global aviation asset
management market till 2027” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Aviation Asset
Management Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2017-2027 Segmented By Service Type (Leasing Services, Technical
Services, Regulatory Certifications), By Type (Direct Purchase, Operating
Lease, Finance Lease, Sale & Lease Back) , By End Use (Commercial
Platforms, MRO Services), and By Region”, has evaluated the future
growth potential of global aviation asset management 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 aviation asset management market.
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