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Air Transport USM Market Trends

Report ID: GMI8174
Published Date: Feb 2024
Report Format: PDF

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Air Transport USM Market Trends

The air transport USM industry is witnessing a trend driven by significant technological advancements. Advancements in NDT techniques such as ultrasonic testing, eddy current testing & thermography enable precise and reliable evaluations of worn components, assuring structural integrity and operation. This increases trust in the use of USM while complying with severe regulatory regulations. Also, sensor-based monitoring and data analytics technologies provide more accurate predictions of component failures, thereby offering proactive maintenance methods and early intervention with used parts. This lowers downtime and improves the efficiency of the existing components.

For instance, in September 2023, Safran Landing Systems partnered with SkyTech, a developer of AI-powered predictive maintenance solutions, to use SkyTech's AI & IoT platform for landing gear maintenance. The partnership aims to optimize landing gear repair schedules, minimize costs, and increase operational efficiency by using predictive sensor data analysis. These technological advancements will drive the market growth in the coming years.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for air transport USM was USD 7.9 billion in 2023 and is expected to register over 4.5% CAGR from 2024-2032 owing to the increasing demand for air travel across the globe and the growing number of airlines focusing on cost reduction.

Air transport USM industry from the OEM segment held over 60% share in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to airlines frequently relying on them for used components, given their skill in constructing and servicing certain aircraft models.

North America recorded over 38% share of the air transport USM industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to the presence of a large and aging fleet of airplanes, creating a significant demand for cost-effective maintenance in the region.

A J Walter Aviation Limited, AAR Corp., AerSale Inc., AJ Walter Aviation Limited, Boeing Company, Delta TechOps, GA Telesis, LLC, General Electric, HEICO Corporation, Liebherr Group, and Satair are some of the major air transport USM companies worldwide.