Global Air Transport USM Market Size Study, by Aircraft Type, by Passenger Capacity, by Range, by Application, by Propulsion Type and Regional Forecasts 2022-2032

Description

The Global Air Transport USM Market is valued at approximately USD 180.84 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 4.52% over the forecast period 2024-2032. Air Transport Used Serviceable Materials (USM) refers to components, parts, and equipment that have been previously used in aircraft but are refurbished, inspected, and certified for reuse in aviation operations. These materials include items such as engines, avionics, landing gear, and various mechanical parts. USM offers a cost-effective alternative to new parts, providing airlines and maintenance providers with reliable options for maintaining and repairing aircraft. Furthermore, technological advancements play a pivotal role in the market's development. Fuel-efficient aircraft, digital technologies, and automation improve operational efficiency and safety. Digital communication systems enable data sharing between various aircraft systems, while automation and artificial intelligence reduce the need for human input and enhance safety. These innovations drive the air transport USM market's growth and evolution.

The air transport USM (Used Serviceable Material) market is witnessing significant growth driven by the escalating demand for air travel, the rising popularity of low-cost carriers, and the expansion of e-commerce. This market benefits from technological advancements, including artificial intelligence and machine learning, which enhance the efficiency and effectiveness of air transportation. The development of new routes, cargo services, and the integration of air transport with other transportation modes present opportunities for market growth. Additionally, the adoption of mobile devices for booking and managing flights, the growth of the sharing economy, and the rise of sustainable air travel are shaping the future of the industry. Moreover, government regulations and policies significantly impact the air transport USM market. Regulatory compliance ensures safety, environmental standards, and economic policies that influence market dynamics. Staying abreast of regulatory changes can create new opportunities and sustain industry growth.

The key region in the Air Transport USM Market includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2023, North America dominates the market in terms of revenue. This is due to its expansive and technologically advanced aviation sector. The region, majorly the United States, has a large fleet of commercial and military aircraft, leading to substantial demand for used serviceable materials, which are critical for cost-effective maintenance and repair operations. Major airlines and maintenance, repair, and overhaul (MRO) providers in North America prioritize USM for its cost efficiency and reliability, driving market growth. Additionally, the region's robust regulatory framework ensures high standards for USM, further bolstering its use. The Asia Pacific region is expected to witness the highest growth rate, driven by increasing defense spending and demand for advanced systems. South America and Middle East & Africa regions are anticipated to experience moderate growth.

Major market players included in this report are:

Boeing
Irkut
Textron Aviation
Leonardo
Sukhoi
Embraer
ATR
COMAC
Pilatus Aircraft
Mitsubishi Heavy Industries
Honda Aircraft Company
Bombardier
Airbus
Daher

The detailed segments and sub-segment of the market are explained below:

By Aircraft Type:

Fixed-wing Aircraft
Rotary-wing Aircraft

By Passenger Capacity:

Small (less than 50 passengers)
Medium (51-150 passengers)
Large (over 150 passengers)

By Range:

Short-haul (less than 500 miles)
Medium-haul (501-1,500 miles)
Long-haul (over 1,500 miles)

By Application:

Passenger Transport
Cargo Transport
Military

By Propulsion Type:

Turbojet
Turbofan
Turboprop
Piston Engine

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Air Transport USM Market Executive Summary

1.1. Global Air Transport USM Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Aircraft Type
- 1.3.2. By Passenger Capacity
- 1.3.3. By Range
- 1.3.4. By Application
- 1.3.5. By Propulsion Type
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Air Transport USM Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Air Transport USM Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Air Travel
- 3.1.2. Technological Advancements
- 3.1.3. Government Regulations and Policies
3.2. Market Challenges
- 3.2.1. High Cost of Development and Integration
- 3.2.2. Regulatory and Compliance Issues
3.3. Market Opportunities
- 3.3.1. Development of New Routes and Destinations
- 3.3.2. Expansion of Cargo Services
- 3.3.3. Integration of Air Transportation with Other Modes of Transportation

Chapter 4. Global Air Transport USM Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Air Transport USM Market Size & Forecasts by Aircraft Type 2022-2032

5.1. Segment Dashboard
5.2. Global Air Transport USM Market: Aircraft Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Fixed-wing Aircraft
- 5.2.2. Rotary-wing Aircraft

Chapter 6. Global Air Transport USM Market Size & Forecasts by Passenger Capacity 2022-2032

6.1. Segment Dashboard
6.2. Global Air Transport USM Market: Passenger Capacity Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Small (less than 50 passengers)
- 6.2.2. Medium (51-150 passengers)
- 6.2.3. Large (over 150 passengers)

Chapter 7. Global Air Transport USM Market Size & Forecasts by Range 2022-2032

7.1. Segment Dashboard
7.2. Global Air Transport USM Market: Range Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Short-haul (less than 500 miles)
- 7.2.2. Medium-haul (501-1,500 miles)
- 7.2.3. Long-haul (over 1,500 miles)

Chapter 8. Global Air Transport USM Market Size & Forecasts by Application 2022-2032

8.1. Segment Dashboard
8.2. Global Air Transport USM Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. Passenger Transport
- 8.2.2. Cargo Transport
- 8.2.3. Military

Chapter 9. Global Air Transport USM Market Size & Forecasts by Propulsion Type 2022-2032

9.1. Segment Dashboard
9.2. Global Air Transport USM Market: Propulsion Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 9.2.1. Turbojet
- 9.2.2. Turbofan
- 9.2.3. Turboprop
- 9.2.4. Piston Engine

Chapter 10. Global Air Transport USM Market Size & Forecasts by Region 2022-2032

10.1. North America Air Transport USM Market
- 10.1.1. U.S. Air Transport USM Market
  - 10.1.1.1. Aircraft Type breakdown size & forecasts, 2022-2032
  - 10.1.1.2. Passenger Capacity breakdown size & forecasts, 2022-2032
  - 10.1.1.3. Range breakdown size & forecasts, 2022-2032
  - 10.1.1.4. Application breakdown size & forecasts, 2022-2032
  - 10.1.1.5. Propulsion Type breakdown size & forecasts, 2022-2032
- 10.1.2. Canada Air Transport USM Market
  - 10.1.2.1. Aircraft Type breakdown size & forecasts, 2022-2032
  - 10.1.2.2. Passenger Capacity breakdown size & forecasts, 2022-2032
  - 10.1.2.3. Range breakdown size & forecasts, 2022-2032
  - 10.1.2.4. Application breakdown size & forecasts, 2022-2032
  - 10.1.2.5. Propulsion Type breakdown size & forecasts, 2022-2032
10.2. Europe Air Transport USM Market
- 10.2.1. U.K. Air Transport USM Market
- 10.2.2. Germany Air Transport USM Market
- 10.2.3. France Air Transport USM Market
- 10.2.4. Spain Air Transport USM Market
- 10.2.5. Italy Air Transport USM Market
- 10.2.6. Rest of Europe Air Transport USM Market
10.3. Asia-Pacific Air Transport USM Market
- 10.3.1. China Air Transport USM Market
- 10.3.2. India Air Transport USM Market
- 10.3.3. Japan Air Transport USM Market
- 10.3.4. Australia Air Transport USM Market
- 10.3.5. South Korea Air Transport USM Market
- 10.3.6. Rest of Asia Pacific Air Transport USM Market
10.4. Latin America Air Transport USM Market
- 10.4.1. Brazil Air Transport USM Market
- 10.4.2. Mexico Air Transport USM Market
- 10.4.3. Rest of Latin America Air Transport USM Market
10.5. Middle East & Africa Air Transport USM Market
- 10.5.1. Saudi Arabia Air Transport USM Market
- 10.5.2. South Africa Air Transport USM Market
- 10.5.3. Rest of Middle East & Africa Air Transport USM Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Leonardo
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Sukhoi
- 11.3.3. Embraer
- 11.3.4. ATR
- 11.3.5. COMAC
- 11.3.6. Pilatus Aircraft
- 11.3.7. Mitsubishi Heavy Industries
- 11.3.8. Honda Aircraft Company
- 11.3.9. Bombardier
- 11.3.10. Airbus
- 11.3.11. Daher
- 11.3.12. Boeing
- 11.3.13. Irkut
- 11.3.14. Textron Aviation

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes