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Aviation Asset Management Market size to exceed USD 300 billion by 2030

  • Published Date: October 10, 2022

Aviation Asset Management Market size is projected to surpass USD 300 billion by 2030, as per a new research report announced by Global Market Insights Inc.

Rapid integration of connected technologies such as cloud computing, IoT, predictive analytics, blockchain, and other database management tools across the aviation sector as a prominent factor driving the industry growth over the projection period. These technologies have streamlined the process of optimizing operations and analyzing continuously expanding passenger databases while helping leading airlines to provide better customer service.

Increasing upper-class population to fuel the adoption of private jets

Private jets segment is poised to be worth USD 20 billion by 2030. A more robust leisure demand, wealth boom, and the gradual loosening of Covid-19 regulations are seen as some of the leading factors augmenting the demand for private jets. The expanding elite class populace and the increasing utilization of private jets for business trips by top-level executives will drive significant revenues to the aviation asset management industry. In addition, the ongoing shift in traveling trends across developed economies will foster the adoption of private jets over the forecast period.

Better control over the sales process to aid the growth of direct purchase segment

Direct purchase type segment accounted for over 10% market share in 2021 and is likely to record a sluggish growth between 2022 and 2030. Direct purchase is a multi-layered complex process that heavily relies on access to intelligent technologies, availability of exact information, and requires team involvement beyond sourcing. However, the process offers better quality and shipping oversight, direct customer feedback, complete control over the sales criteria, and a range of cost-effective benefits, which is encouraging direct purchase in aviation asset management market.

Remarketing of leaseback aircrafts to bolster the demand for regulatory services

Regulatory services segment was worth more than USD 20 billion in 2021 and is slated to exhibit considerable CAGR between 2022 and 2030. The increasing demand to obtain regulatory certifications and approvals such as Air Operator Certificates, maintenance approval, and Approved Training Operation certifications will drive the demand for regulatory services in aviation asset management business landscape. Also, the proliferating trend of remarketing leaseback aircrafts and the rising requirement to comply with current aviation norms will support the segment expansion.

Browse key industry insights spread across 250 pages with 310 market data tables & 36 figures & charts from the report, “Aviation Asset Management Market Size, By Type (Aircraft {Wide Body Aircraft, Narrow Body Aircraft, Private Jets}, Helicopter), By Purchase Type (Direct Purchase, Operating Lease, Finance Lease, Sale & Lease Back (SLB)), By Service (Leasing Service, Technical Service, Regulatory Services, End-to-End), By End-Use (Airline Operators, Leasing Companies, Cargo Operators, MRO Service Providers, Commercial Platforms), Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2022 – 2030” in detail along with the table of contents:

Rising demand alternative procurement sources may aid the growth of leasing companies

Leasing companies segment to cross USD 100 billion by 2030. The consistently rising cost of aircraft, driven by the escalating size and complexity, has surged the demand for alternative sources for financing. The leasing companies are focusing on offering end-to-end aircraft management services, including lease management, MRO services, contract management, engines, etc. The advancements in data management, in consort with the escalating leasing of helicopters and aircrafts will amplify the industry revenues from leasing companies.

Prominence of key service providers to flourish the market landscape across North America

North America aviation asset management market was valued at over USD 30 billion in 2021 and is touted to account for a significant market share by 2030. The presence of leading aviation asset management software and service vendors, including AerData, AirBus, Avolon, and ST Engineering, is creating new growth opportunities for the industry. Also, the shift in travel tendency of passengers post the pandemic will boost the industry expansion across the North America.

Collaborative efforts among participating firms may boost the competitive outlook

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

These firms have been collaborating to strengthen their technological landscape and offer efficient asset management solutions to their clients in the aviation sector, thereby paving the way for future opportunities.

Authors: Preeti Wadhwani, Prasenjit Saha