Aviation Asset Management Market | Contrive Datum Insights

Market Overview

Global Aviation Asset Management Market Size Was USD 178.50 Billion In 2022 And Is Expected To Reach USD 248.78 Billion By 2030, With A CAGR Of 5% From 2022 To 2030.

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Companies that handle things like aircraft parts and services in a proactive way make up the aviation asset management market. It also takes into account how much it will cost to keep one or more planes running for as long as they are useful. The rise in air passenger traffic is one of the major reasons why the market has been growing steadily over the past few years. IATA, which stands for the International Air Transport Association, says that 35% of scheduled passenger and cargo traffic comes from the Asia-Pacific area. It has played a big role in how the market has done around the world. The rise of low-cost carriers and the rise in air traffic are two of the key things that have helped the market do well. Several businesses have been competing with each other to get a big share of the market and take advantage of the market opportunity.

Aviation asset management is a service in which companies help financial institutions, leasing companies, and aircraft operators handle their assets from start to finish. The goal of managing airplane assets is to keep them worth what they are worth.

On the aviation asset management market, sellers give services like technical management, trading and remarketing, lease management, asset valuation, trading and remarketing services, surveillance, and trading and remarketing services. There are a lot of factors that affect how much an airplane is worth, so you need to look closely at technology, business, and market-related parameters to figure it out. At the time, the most important part of the global aviation asset management market is commercial aviation. This is because more and more airlines are picking new technologies to make their work easier and improve their quality.

Some new technological trends in global aviation asset management market include the rise of IoT-enabled devices and services that have been shown to make asset management easier, the growing use of prescriptive and predictive maintenance, the GR-aware software suite, and asset tracking. Green initiatives set up by the aviation industry in different countries and regions and the growing number of low-cost carriers used for domestic and civil aviation also give sellers in this market new possibilities. On the other hand, the market isn't meeting its full potential because of rules that are too strict, a backlog of aircraft deliveries, and limits on how much money suppliers can make.

Market Dynamics

Drivers: Increasing demand for air travel

In the past few years, there has been a big rise in the number of people who want to fly. The number of people flying around the world rose by 7.5% in 2017, according to the International Air Transport Association (IATA). Because of this rise in air travel, the demand for aircraft and services related to flight, such as aviation asset management, has also gone up.

As air travel has become more popular, airlines and other flight companies have had to find better ways to keep track of their assets, such as their fleets of planes. Aviation asset management helps businesses get the most out of how they use, maintain, and get rid of their assets. This saves money and makes them more efficient. Because of this, the aviation asset management business is growing because more people want to fly.

Also, as the number of people who fly has gone up, the number of planes in use has gone up as well. As more aircraft are put into service, there is a need for efficient and effective asset management to make sure that these assets are maintained and used to their best potential. This is something else that is making the aviation asset management business grow.

Encouraging more people to fly

Over the past few years, the aviation business has grown a lot, which has led to a rise in air traffic. The International Air Transport Association (IATA) says that the number of passengers flying around the world will double by 2037. Most of the growth in air travel is due to things like more money in people's pockets, cheaper flights, and more tourist and business travel.

The rise in air travel has made more people want to buy planes, which has helped the airline asset management market. As airlines keep adding planes to their fleets to meet the growing demand for air travel, it is more important than ever to have good asset management and repair practices.

Aviation asset management companies are in charge of making sure that aircraft are available and reliable, keeping them safe to fly, and keeping track of their maintenance and repair plans. As the number of flights keeps going up, these companies will likely play a key role in managing and keeping the growing number of planes. This gives the aviation asset management business a big chance to grow and expand over the next few years.

Market challenges

There are a lot of problems in the market, which has made it less appealing. Having enough money to add new technology to aircraft asset management systems is one of the hardest things to do. Businesses also have to deal with the fact that technology changes quickly. They are expected to work in an open way so that they can adapt to changes in the market. Because the market is always changing, it could be a big problem.

Opportunities: Maintenance, repair, and overhaul (MRO) work can be done by a third party

Many airlines and people who own planes are giving their MRO services to third-party companies to cut costs and make things run more smoothly. This gives aviation asset management companies a chance to offer full MRO services that include managing assets, planning upkeep, and making sure they follow all the rules.

Regional jets are becoming more popular

Regional planes are becoming more popular as airlines try to reach smaller airports and make connections in regional markets better. This gives asset management companies in the airline industry a chance to offer leasing and remarketing services for regional jet aircraft.

Restraints:Tough rules from the government will slow down growth

Governments in a number of economies have been putting in place strict rules about aircraft quality standards and CO2 emissions, making it harder for the industry to grow. Also, there are a lot of audit reports that say agencies are leasing aircraft without a good reason and without accurate cost data. This could be a problem for the aviation industry and limit the market share of aviation asset management over the timeframe of the analysis.

The introduction of strict industry-wide rules is one of the main things holding back the aviation asset management market. Companies have to keep an eye on these things all the time if they want to do well in the market. During the predicted time period, the regulations that are put in place could have a big impact on how attractive the industry is and how much it can grow.

Major Segments Covererd

By Service Type:

• Leasing Services

 This includes renting to airlines and other flight companies things like planes, engines, and spare parts. The lessor is responsible for keeping the asset in good shape and making sure it is insured. The lessee pays rent to use the asset.

• Technical Services

 This includes a wide range of services connected to the technical side of aviation assets, such as maintenance, repair, and overhaul (MRO) services, asset inspection, and testing. Technical services providers are in charge of making sure that the flight assets are in good shape and meet all the rules.

• Regulatory Certifications

This includes services that help flying assets get regulatory certifications. These certifications are needed to make sure that the assets meet all safety and regulatory standards set by different aviation bodies.

• Asset Valuation

This includes services that have to do with figuring out how much flying assets are worth. Valuation is important because it helps figure out what an object is worth on the open market. This is useful for leasing, insurance, and financing.

• Remarketing Services

These are services that help people sell or rent flight assets that their current owners no longer need. Providers of remarketing services help owners find new buyers or renters for their assets. They may also help the owners negotiate the terms of the sale or lease.

By Asset Type:

• Fixed-Wing Aircraft

Fixed-wing aircraft are planes that stay in the air because air moving over their wings gives them lift. This section has both commercial and cargo planes, as well as planes for general flying.

• Rotary Wing Aircraft

Rotorcraft, which are also called rotary-wing aircraft, are planes that get their lift from rotors that spin around a mast. There are helicopters, autogyros, and tiltrotors in this section.

• Commercial Aircraft

Commercial aircraft are planes that are used to take people and things from one place to another for money. There are narrow-body, wide-body, and regional jets in this class.

• Business Jets

Business jets are planes that are made to take small groups of business travelers on business trips. There are small jets, mid-sized jets, and heavy jets in this section.

• Regional Jets

Regional jets are planes that are made to fly short distances between regional bases. Embraer E-Jets and Bombardier CRJs are among the planes in this category.

• Turboprop Aircraft

Turboprop airplanes are planes that have a gas turbine engine that turns a propeller. Planes like the Beechcraft King Air and the Cessna Caravan are in this category.

• Military Aircraft

Military aircraft are planes that the military uses for things like transport, surveillance, and battle. There are fighter jets, cargo planes, and helicopters in this section.

By End user:

• Commercial

In this category, there are services for airlines, air cargo companies, and leasing companies that help them manage their aviation assets. For this sector, aviation asset management services focus on improving efficiency, cutting costs, and getting the most out of a fleet. Commercial end-users can get services like leasing, expert services, legal certifications, asset valuation, and remarketing.

• Military

This section includes services for managing fighter jets, helicopters, transport planes, and unmanned aerial vehicles (UAVs) that are used by the military. For this sector, aviation asset management services focus on maximizing operational readiness, improving mission performance, and lowering maintenance costs. Maintenance, repair, and overhaul (MRO) services, leasing services, expert services, and asset valuation are just some of the services offered to military end-users.

Regional Insights

Geographically The Aviation Asset Management Market has been broken down into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. (MEA).

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Investing more in infrastructure to help the business grow in the Asia-Pacific region. In 2021, the Asia-Pacific aviation asset management market, which is projected to grow a lot over the next few years, brought in more than half of all revenue. The growth is because the government and public-private firms are spending more and more money to improve the airport's facilities. With help from the government, the aviation business is focusing more on using technologies that don't release any pollution. This will make things better for the markets in the area.

Competitive Analysis

Strategic partnerships to strengthen the competitive landscape

The Aviation Asset Management Market's competitive landscape shows details about each company that is in the market. Details like company overview, financials, revenue, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and depth, and applications that dominate are all included. The information above is only about what the companies are focused on in the Aviation Asset Management Market.

Scope Of Report

Key Vendors

• Aerdata (Subsidiary of the Boeing Company)
• Airbus Group
• Aercap Holdings N.V.
• Landscape Aviation
• SGI Aviation
• GE Capital Aviation Services (Subsidiary of General Electric Company)
• Kestrel Aviation Management
• Charles Taylor Aviation (Asset Management) Ltd.
• BBAM LP
• ORIX Aviation
• Aviation Asset Management, Inc.
• Skyworks Capital, LLC
• GA Telesis, LLC
• Acumen Aviation
• Air Affairs Australia Pty Ltd
• Aerotargets International LLC
• Asv Global
• Lockheed Martin Corporation
• Leonardo S.P.A
• Saab Ab
• The Boeing Company.

1. Aerdata (Subsidiary of the Boeing Company)

Software and services with new ideas for the aviation business.AerData offers complete software solutions for managing leases, planning engine fleets, managing and scanning records, and providing technical and back office services to aircraft and engine operators, lessors, and MROs. The Boeing Company owns all of the shares of the company. AerData has a team of 200 workers with a lot of experience who work in three offices in the Netherlands, the United Kingdom, and Ireland.

2. Airbus Group
Airbus is the world leader in aviation, space, and services connected to these fields. In 2020, it made about €49.9 billion in sales and had about 130,000 employees. Airbus has the largest selection of passenger planes. Airbus is also one of the best space companies in the world and a world leader in tanker, combat, transport, and mission planes. Airbus makes both civilian and military planes that are the most efficient in the world.Airbus is a leader in designing, making, and delivering aerospace products, services, and solutions to customers around the world. It was one of the first companies in the world to work in the aerospace business. Their people work hard and with a lot of energy to make the world safer, smarter, and more connected on the ground, in the air, and in space

3. Aercap Holdings N.V.
AerCap is the world leader in aircraft leasing, and its order book is one of the best in the business. AerCap provides full fleet options for about 300 customers all over the world. AerCap is traded on the New York Stock Exchange (AER). It is based in Dublin and has offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse, and other places around the world

4. SGI Aviation
As an independent advisor to the aviation industry, SGI Aviation offers technical consulting and advisory services in the areas of aircraft and engine asset management and safety rules. Their services cover the whole lifecycle of an aircraft asset and the regulatory, operational, and IT needs that go along with it.Their clients include airlines, business aircraft owners, lessors and financiers, aircraft manufacturers and maintenance, repair, and overhaul (MRO) companies, as well as aviation authorities and regulators.

5. Charles Taylor Aviation (Asset Management) Ltd.
Charles Taylor Aviation Asset Management (CTAAM) provides aircraft operators, owners, investors, and financiers all over the world with a full range of aircraft management services and expert support services.

Recent Development

• In February 2022, AirAsia made a deal with Avolon, an Irish plane-leasing business, in February 2022 to rent at least 100 VX4 eVTOL planes. This deal could change the way people travel by air by giving customers more freedom to move around in the air. This will help the carrier keep up with its rivals.

• In April 2021, GE Aviation stated that it had made a deal with the Dubai-based airline flydubai to give the airline's fleet of Boeing 737 MAX planes a full set of digital services. FlightPulse is a tool for analyzing data that gives information about how well an airplane works and how much fuel it uses. Electronic Flight Operations (eFO) is a digital platform for managing flight data and operations.

• In January 2021, Air Canada stated that it had signed a deal with Airbus to use the Skywise aviation data platform on all of its Airbus planes. Skywise will give Air Canada real-time information about how its planes are performing, how they are being maintained, and how they are being run. This will help the airline make the most of its fleet and improve its efficiency.

• In December 2020, Boeing said that it had signed a contract with Etihad Airways to provide a range of digital solutions to help the airline run its fleet and keep it in good shape. The solutions include the Boeing AnalytX platform, which offers real-time data analytics and predictive maintenance, and the worker Rostering and Pairing system, which uses advanced algorithms to optimize worker schedules and cut costs.

• In September 2020, Lufthansa Technik reported that it had launched a new digital platform called AVIATAR. This platform offers a variety of services for aircraft operators, such as predictive maintenance, real-time monitoring of aircraft systems, and remote technical support. The app also has a market for aviation services and a tool for analyzing data to improve the performance of a fleet.

The Global Aviation Asset Management Market has been segmented into:

By Service Type

• Leasing Services
• Technical Services
• Regulatory Certifications
• Asset Valuation
• Remarketing Services

By Asset Type:

• Fixed-Wing Aircraft
• Rotary Wing Aircraft
• Commercial Aircraft
• Business Jets
• Regional Jets
• Turboprop Aircraft
• Military Aircraft

By End user

• Commercial
• Military

 Global Aviation Asset Management Market Regional insights

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion

The Contrive Datum Insights study records give a full look at the market and focus on important things like the top companies, types of products, and most common uses for those products.

Due to more people wanting to fly and more planes being used, the global aviation asset management market is projected to grow by a large amount. The market is also driven by the need for airlines to manage their assets more effectively and by the growing use of advanced technology solutions for managing assets. But the market meets problems like high initial investments and complicated regulatory frameworks, which may slow the market's growth to some extent. Still, the entry of new players and the growing importance of research and development are likely to offer new growth opportunities in the market. In conclusion, the global aircraft asset management market is likely to grow a lot in the next few years. This is due to the growing demand for air travel, the need for efficient asset management, and the growing use of advanced technology solutions.