Aviation Asset Management Market Size - By Type (Aircraft, Helicopter), By Purchase Type (Direct, Operating Lease, Finance Lease, Sale & Lease Back), By Service (Leasing Service, Technical Service, Regulatory Services, End-to-End), End-Use & Forecast, 2022 - 2030
Published on: 2024-07-07 | No of Pages : 240 | Industry : Aerospace
Publisher : MRA | Format : PDF&Excel
Aviation Asset Management Market Size - By Type (Aircraft, Helicopter), By Purchase Type (Direct, Operating Lease, Finance Lease, Sale & Lease Back), By Service (Leasing Service, Technical Service, Regulatory Services, End-to-End), End-Use & Forecast, 2022 - 2030
Aviation Asset Management Market Size - By Type (Aircraft, Helicopter), By Purchase Type (Direct, Operating Lease, Finance Lease, Sale & Lease Back), By Service (Leasing Service, Technical Service, Regulatory Services, End-to-End), End-Use & Forecast, 2022 - 2030
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.
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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.
| 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 |
|
| Pitfalls & Challenges |
|
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Aviation Asset Management Market Analysis
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Based on type, the narrow body aircraft segment is anticipated to exhibit over 6% CAGR during the study period and record a sizeable valuation by 2030. The segment growth can be credited to the surging air traffic and the booming domestic air travel industry across emerging economies. The increasing demand for Low-Cost Carrier (LCC), diminishing air travel expenses, and the rapid proliferation of business and medical tourism will boost the adoption of aviation asset management solutions for narrow body aircraft in the forthcoming years.
In terms of purchase type, the finance lease segment is set to expand at over 5% CAGR over the forecast period. Finance lease purchases enable airlines to use newer aircraft with higher specifications than they could actually buy without involving any large upfront investment. Leasing companies have been putting in efforts to introduce flexible payment structures tailored to match the business's cash flow. This, in tandem with the growing demand for Asset-Backed Securitization (ABS) across the commercial aircraft industry will stimulate the aviation asset management market outlook.
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With regard to services, leasing service segment is poised to register significant growth and surpass USD 140 billion by 2030. Leasing services offer a set of benefits, such as capacity flexibility, financial liquidity, rapid expansion, reduced maintenance costs, and fleet consistency. The ongoing advancements in urban mobility solutions and aircraft infrastructure will spur the demand for aviation asset management in the foreseeable future. Meanwhile, declining leasing rates and constantly increasing fuel cost will favor the leasing service segment share.
Regarding end-use, the airline operators segment is poised to depict a CAGR of over 5% from 2022 to 2030, owing to the upsurge in air traffic which has accelerated the demand for commercial and passenger aircraft. As per IATA 2022, the total revenue passenger kilometer (RPK) is likely to recover by almost 60% in FY2022. Looking at this trend, the airline operators across the globe have been focusing on increasing their fleet size. The ease of financial leasing and acquisition of new aircraft to aid the expanding air traffic will create new growth prospects for the aviation asset management market in the coming years.
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Asia Pacific aviation asset management market accounted for over 50% revenue share in 2021 and is anticipated to grow substantially through the projected timeframe. The growth is attributed to the escalating investments by government and public-private firms focused on improving the existing airport infrastructure. The growing emphasis on the adoption of zero-emission technologies across the aviation sector backed by government support will positively influence the regional market landscape.
Aviation Asset Management Market Share
Major companies in the aviation asset management market include
- Boeing Global Services
- GE Capital Aviation Services
- Aercap Holdings NV
- Airbus Group
- BOC Aviation
- Avolon
including Air Lease Corporation, ST Engineering, Dubai Aerospace, and SMBC Aviation.
These market participants are focusing on creating joint value by entering into strategic partnerships and leveraging new technologies to address the growing demand for air travel as well as enhance customer experience. For instance, in February 2022, AirAsia inked a partnership agreement with Avolon, an Ireland based aircraft leasing company, to lease a minimum of 100 VX4 eVTOL aircraft. This deal is anticipated to help the former to revolutionize the air travel experience by delivering advanced air mobility to passengers, allowing the airline to stay ahead of the competition.
COVID-19 Impact
The onset of the COVID-19 pandemic financially devastated the aviation asset management industry, especially during the first half of 2020, when the viral transmission was at its apex. Restrictions on domestic and international travel due to the stringent lockdown measures across several economies resulted in financial losses and severely impacted the market growth.
However, with the pandemic entering its endemic stages and governments introducing necessary measures to offer a much-needed boost to the aviation sector, the aviation asset management market is set to witness appreciable growth in the future.
Aviation Asset Management Market research report includes in-depth coverage of the industry with estimates & forecasts in terms of “USD” from 2018 to 2030 for the following segments
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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
The above information is provided on a regional and country basis for the following
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
Latin America
- Brazil
- Mexico
- Argentina
MEA
- Saudi Arabia
- UAE
- South Africa
- Israel
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Scope and definition
1.2 Methodology & forecast parameters
1.3 COVID-19 impact
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 MEA
1.4 Data Sources
1.4.1 Secondary
1.4.1.1 Paid sources
1.4.1.2 Public sources
1.4.2 Primary
1.5 Industry Glossary
Chapter 2 Executive Summary
2.1 Aviation asset management industry 3600 snapshots, 2018-2030
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023 - 2030
2.3 Regional trends
2.4 Type trends
2.5 Purchase type trends
2.6 Service trends
2.7 End-use trends
Chapter 3 Aviation Asset Management Industry Insights
3.1 Introduction
3.2 COVID-19 impact
3.2.1 Impact by region
3.2.1.1 North America
3.2.1.2 Europe
3.2.1.3 Asia Pacific
3.2.1.4 Latin America
3.2.1.5 MEA
3.2.2 Impact by value chain
3.2.2.1 Research & development
3.2.2.2 Manufacturing
3.2.2.3 Marketing
3.2.2.4 Supply
3.2.3 Impact by competitive landscape
3.2.3.1 Strategy
3.2.3.2 Distribution network
3.2.3.3 Business growth
3.3 Russia-Ukraine war impact
3.4 Aviation asset management industry ecosystem analysis
3.4.1 Component suppliers
3.4.2 Technology providers
3.4.3 Service providers
3.4.4 Financial institutions
3.4.5 End use
3.4.6 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.6.1 Digitization in aviation asset management
3.6.2 Innovations in electric aircraft
3.7 Patent landscape
3.8 Key initiative & news
3.9 Tax framework of aircraft leasing companies in the IFSC
3.10 Asset under management, by region
3.10.1 North America
3.10.2 Europe
3.10.3 Asia Pacific
3.10.4 Latin America
3.10.5 MEA
3.11 Analysis on lessor funding sources
3.12 Trend analysis of aircraft leasing in business ecosystem
3.13 Regulatory landscape
3.13.1 International
3.13.2 North America
3.13.3 Europe
3.13.4 Asia Pacific
3.13.5 Latin America
3.13.6 MEA
3.14 Industry impact forces
3.14.1 Growth drivers
3.14.1.1 Growing numbers of passengers opting for air travel
3.14.1.2 Increasing AIcargo import and export across the globe
3.14.1.3 Government initiatives to support the operational activities in aviation industry
3.14.1.4 Trend of adopting new and advanced aircrafts on lease
3.14.1.5 Advancements in technology to maintain increasing database of the passengers
3.14.1.6 Airline operators shift towards leasing services to reduce cost of ownership
3.14.2 Industry pitfalls & challenges
3.14.2.1 Stringent government regulations like taxation, emission norms, etc
3.14.2.2 Volatility in global fuel prices
3.14.2.3 Restructuring of aircrafts according to COVID norms
3.14.2.4 Geopolitical conflicts impacting the trade
3.15 Investment portfolio
3.16 Growth potential analysis
3.17 Porter’s analysis
3.17.1 Threat of new entrant
3.17.2 Bargaining power of supplier
3.17.3 Bargaining power of buyer
3.17.4 Threat of substitution
3.17.5 Competitive rivalry
3.18 PESTEL analysis
3.18.1 Political
3.18.2 Economical
3.18.3 Social
3.18.4 Technological
3.18.5 Legal
3.18.6 Environmental
Chapter 4 Competitive Landscape, 2021
4.1 Introduction
4.2 Company market share, 2021
4.3 Completive analysis of key market players, 2021
4.3.1 AerCap Holding (GECAS)
4.3.2 Boeing
4.3.3 Airbus Group
4.3.4 BOC Aviation
4.3.5 Avolon
4.4 Completive analysis of innovative players, 2021
4.4.1 Air Lease Corporation
4.4.2 ST Engineering
4.4.3 SMBC Aviation Capital
4.4.4 Dubai Aerospace Enterprise (DAE) Ltd.
4.4.5 Aviation Capital Group
4.5 Vendor adoption matrix
4.6 Strategic outlook matrix
Chapter 5 Aviation Asset Management Market, By Type
5.1 Key trends, by type
5.2 Aircraft
5.2.1 Market estimates and forecast, 2018 – 2030
5.2.2 Wide body aircraft
5.2.2.1 Market estimates and forecast, 2018 – 2030
5.2.3 Narrow body aircraft
5.2.3.1 Market estimates and forecast, 2018 – 2030
5.2.4 Private jets
5.2.4.1 Market estimates and forecast, 2018 – 2030
5.3 Helicopter
5.3.1 Market estimates and forecast, 2018 – 2030
Chapter 6 Aviation Asset Management Market, By Purchase Type
6.1 Key trends, by purchase type
6.2 Direct purchase
6.2.1 Market estimates and forecast, 2018 – 2030
6.3 Operating lease
6.3.1 Market estimates and forecast, 2018 – 2030
6.4 Finance lease
6.4.1 Market estimates and forecast, 2018 – 2030
6.5 Sale & Lease Back (SLB)
6.5.1 Market estimates and forecast, 2018 – 2030
Chapter 7 Aviation Asset Management Market, By Service
7.1 Key trends, by service
7.2 Leasing service
7.2.1 Market estimates and forecast, 2018 – 2030
7.3 Technical service
7.3.1 Market estimates and forecast, 2018 – 2030
7.4 Regulatory services
7.4.1 Market estimates and forecast, 2018 – 2030
7.5 End-to-End
7.5.1 Market estimates and forecast, 2018 – 2030
Chapter 8 Aviation Asset Management Market, By End-Use
8.1 Key trends, by end-use
8.2 Airline operators
8.2.1 Market estimates and forecast, 2018 – 2030
8.3 Leasing companies
8.3.1 Market estimates and forecast, 2018 – 2030
8.4 Cargo operators
8.4.1 Market estimates and forecast, 2018 – 2030
8.5 MRO service providers
8.5.1 Market estimates and forecast, 2018 – 2030
8.6 Commercial platforms
8.6.1 Market estimates and forecast, 2018 – 2030
Chapter 9 Aviation Asset Management Market, By Region
9.1 Key trends, by region
9.2 North America
9.2.1 Market estimates and forecast, 2018 – 2030
9.2.2 Market estimates and forecast, by type, 2018 – 2030
9.2.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.2.4 Market estimates and forecast, by service, 2018 – 2030
9.2.5 Market estimates and forecast, by end-use, 2018 – 2030
9.2.6 U.S.
9.2.6.1 Market estimates and forecast, 2018 – 2030
9.2.6.2 Market estimates and forecast, by type, 2018 – 2030
9.2.6.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.2.6.4 Market estimates and forecast, by service, 2018 – 2030
9.2.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.2.7 Canada
9.2.7.1 Market estimates and forecast, 2018 – 2030
9.2.7.2 Market estimates and forecast, by type, 2018 – 2030
9.2.7.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.2.7.4 Market estimates and forecast, by service, 2018 – 2030
9.2.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3 Europe
9.3.1 Market estimates and forecast, 2018 – 2030
9.3.2 Market estimates and forecast, by type, 2018 – 2030
9.3.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.3.4 Market estimates and forecast, by service, 2018 – 2030
9.3.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.6 UK
9.3.6.1 Market estimates and forecast, 2018 – 2030
9.3.6.2 Market estimates and forecast, by type, 2018 – 2030
9.3.6.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.3.6.4 Market estimates and forecast, by service, 2018 – 2030
9.3.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.7 Germany
9.3.7.1 Market estimates and forecast, 2018 – 2030
9.3.7.2 Market estimates and forecast, by type, 2018 – 2030
9.3.7.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.3.7.4 Market estimates and forecast, by service, 2018 – 2030
9.3.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.8 France
9.3.8.1 Market estimates and forecast, 2018 – 2030
9.3.8.2 Market estimates and forecast, by type, 2018 – 2030
9.3.8.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.3.8.4 Market estimates and forecast, by service, 2018 – 2030
9.3.8.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.9 Italy
9.3.9.1 Market estimates and forecast, 2018 – 2030
9.3.9.2 Market estimates and forecast, by type, 2018 – 2030
9.3.9.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.3.9.4 Market estimates and forecast, by service, 2018 – 2030
9.3.9.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.10 Spain
9.3.10.1 Market estimates and forecast, 2018 – 2030
9.3.10.2 Market estimates and forecast, by type, 2018 – 2030
9.3.10.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.3.10.4 Market estimates and forecast, by service, 2018 – 2030
9.3.10.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.11 Netherlands
9.3.11.1 Market estimates and forecast, 2018 – 2030
9.3.11.2 Market estimates and forecast, by type, 2018 – 2030
9.3.11.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.3.11.4 Market estimates and forecast, by service, 2018 – 2030
9.3.11.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4 Asia Pacific
9.4.1 Market estimates and forecast, 2018 – 2030
9.4.2 Market estimates and forecast, by type, 2018 – 2030
9.4.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.4.4 Market estimates and forecast, by service, 2018 – 2030
9.4.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.6 China
9.4.6.1 Market estimates and forecast, 2018 – 2030
9.4.6.2 Market estimates and forecast, by type, 2018 – 2030
9.4.6.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.4.6.4 Market estimates and forecast, by service, 2018 – 2030
9.4.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.7 India
9.4.7.1 Market estimates and forecast, 2018 – 2030
9.4.7.2 Market estimates and forecast, by type, 2018 – 2030
9.4.7.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.4.7.4 Market estimates and forecast, by service, 2018 – 2030
9.4.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.8 Japan
9.4.8.1 Market estimates and forecast, 2018 – 2030
9.4.8.2 Market estimates and forecast, by type, 2018 – 2030
9.4.8.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.4.8.4 Market estimates and forecast, by service, 2018 – 2030
9.4.8.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.9 South Korea
9.4.9.1 Market estimates and forecast, 2018 – 2030
9.4.9.2 Market estimates and forecast, by type, 2018 – 2030
9.4.9.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.4.9.4 Market estimates and forecast, by service, 2018 – 2030
9.4.9.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.10 ANZ
9.4.10.1 Market estimates and forecast, 2018 – 2030
9.4.10.2 Market estimates and forecast, by type, 2018 – 2030
9.4.10.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.4.10.4 Market estimates and forecast, by service, 2018 – 2030
9.4.10.5 Market estimates and forecast, by end-use, 2018 – 2030
9.5 Latin America
9.5.1 Market estimates and forecast, 2018 – 2030
9.5.2 Market estimates and forecast, by type, 2018 – 2030
9.5.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.5.4 Market estimates and forecast, by service, 2018 – 2030
9.5.5 Market estimates and forecast, by end-use, 2018 – 2030
9.5.6 Brazil
9.5.6.1 Market estimates and forecast, 2018 – 2030
9.5.6.2 Market estimates and forecast, by type, 2018 – 2030
9.5.6.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.5.6.4 Market estimates and forecast, by service, 2018 – 2030
9.5.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.5.7 Mexico
9.5.7.1 Market estimates and forecast, 2018 – 2030
9.5.7.2 Market estimates and forecast, by type, 2018 – 2030
9.5.7.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.5.7.4 Market estimates and forecast, by service, 2018 – 2030
9.5.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.5.8 Argentina
9.5.8.1 Market estimates and forecast, 2018 – 2030
9.5.8.2 Market estimates and forecast, by type, 2018 – 2030
9.5.8.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.5.8.4 Market estimates and forecast, by service, 2018 – 2030
9.5.8.5 Market estimates and forecast, by end-use, 2018 – 2030
9.6 MEA
9.6.1 Market estimates and forecast, 2018 – 2030
9.6.2 Market estimates and forecast, by type, 2018 – 2030
9.6.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.6.4 Market estimates and forecast, by service, 2018 – 2030
9.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.6.6 South Africa
9.6.6.1 Market estimates and forecast, 2018 – 2030
9.6.6.2 Market estimates and forecast, by type, 2018 – 2030
9.6.6.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.6.6.4 Market estimates and forecast, by service, 2018 – 2030
9.6.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.6.7 UAE
9.6.7.1 Market estimates and forecast, 2018 – 2030
9.6.7.2 Market estimates and forecast, by type, 2018 – 2030
9.6.7.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.6.7.4 Market estimates and forecast, by service, 2018 – 2030
9.6.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.6.8 Saudi Arabia
9.6.8.1 Market estimates and forecast, 2018 – 2030
9.6.8.2 Market estimates and forecast, by type, 2018 – 2030
9.6.8.3 Market estimates and forecast, by purchase type, 2018 – 2030
9.6.8.4 Market estima