Air Transport USM Market Forecasts to 2030 - Global Analysis By Component, Aircraft Type, Condition, Distribution Channel, Application, End User and By Geography

According to Stratistics MRC, the Global Air Transport USM Market is accounted for $8.41 billion in 2024 and is expected to reach $12.27 billion by 2030 growing at a CAGR of 6.5% during the forecast period. The Air Transport USM (Used Serviceable Materials) market encompasses the trade of refurbished, repaired, or overhauled aircraft components and parts that are no longer in production but are still viable for use in aviation operations. This market serves airlines, maintenance organizations, and aircraft manufacturers, providing cost-effective alternatives to new parts while maintaining safety and regulatory compliance.

According to IATA, the total traffic in March 2023 rose 52.4% compared to March 2022. Domestic traffic witnessed 34.1 increases in comparison to March 2022 and the total March 2023 domestic traffic reached 98.9% of the March 2019 levels.

Market Dynamics:

Driver:

Increasing demand for safety and efficiency

The growing need for efficiency and safety in the aviation sector is one of the key factors propelling the USM market. There is ongoing demand on airlines to lower expenses, increase operational effectiveness, and guarantee the security of their personnel and customers. USM systems are essential for accomplishing these objectives because they offer precise and trustworthy measurements of vital aircraft parts. Early detection of possible flaws and irregularities by USM systems can assist avoid expensive maintenance problems and guarantee the safe and effective operation of aircraft. This growing emphasis on safety and efficiency is driving the adoption of USM systems in the air transport industry.

Restraint:

High initial investment

Refurbishing, repairing, and certifying used parts for aviation requires sophisticated facilities, knowledgeable staff, and strict quality control procedures, which accounts for the high initial investment in the Air Transport USM sector. It takes a large financial investment to establish these skills, which includes specialized equipment, training, and regulatory compliance. Although there are long-term cost advantages in the market, the initial expenses might be prohibitive, particularly for smaller firms, which hinder growth and uptake even if demand for affordable, environmentally friendly components is increasing.

Opportunity:

Growing demand for air travel

Demand for the Air Transport Used Serviceable Material (USM) industry is rising as more people choose flying. Airlines are growing their fleets and services as more people choose flying since it's convenient and reasonably priced. This tendency has been further accelerated by the emergence of low-cost carriers, opening up air travel to a wider audience. USM offers an alluring alternative for airlines looking for economical and effective maintenance solutions, guaranteeing prompt repairs while successfully controlling operating expenses.

Threat:

Complex regulatory hurdles

Strict aviation safety and compliance regulations pose complicated regulatory challenges for the Air Transport USM market. The certification, traceability, and quality of used components are subject to strict regulations from regulatory agencies like the FAA and EASA, which calls for thorough documentation and quality assurance procedures. Although these requirements are necessary for safety, they can also raise costs and timelines, which makes it difficult for suppliers to get products to market rapidly. Smaller suppliers consider it particularly difficult to navigate this compliance requirement, which has an effect on the growth of the market as a whole.

Covid-19 Impact

The COVID-19 pandemic had a major effect on the market for air transport used serviceable materials (USM), which resulted in a considerable drop in the need for repair services. As a result of airlines cutting back on flight operations and grounding their fleets, aircraft components experienced less wear and tear, necessitating less maintenance and replacement. Many USM providers were compelled to reduce their operations or shut down completely as a result of this change. However, as airlines dealt with financial difficulties during the pandemic, supply chain interruptions hindered the availability of USM components, making maintenance schedules more difficult and further impacting the market's recovery trajectory.

The engine parts segment is expected to be the largest during the forecast period

The engine parts segment is estimated to be the largest, due to cost reductions as airlines seek less expensive maintenance substitutes for pricey replacement parts. The requirement for replacement engine parts has increased due to the world's aging fleets, especially for legacy aircraft models. Furthermore, the utilization of certified used components is supported by legislative acceptance as well as technological developments in refurbishment. As airlines concentrate on reducing waste and encouraging ecologically friendly activities, sustainability initiatives also propel this industry.

The aircraft manufacturers segment is expected to have the highest CAGR during the forecast period

The aircraft manufacturers segment is anticipated to witness the highest CAGR during the forecast period, as they look for economical solutions to supply parts for a varied, aging global fleet and sustain legacy aircraft models. Manufacturers can prolong aircraft lifecycle support without incurring the high price of creating new components by using USM. The adoption of USM is further encouraged by sustainability pledges and consumer desire for reasonably priced maintenance solutions. Partnerships with MRO suppliers also make it easier to obtain used components that are guaranteed to be of high quality, which boosts market expansion.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period due to increasing urbanization and economic development. The need for USM systems to guarantee compliance is also being impacted by the region's stricter aviation laws. Airlines and maintenance companies in the area are drawn to USM systems because of their affordable solutions and increased efficiency. Additionally, chances for the use of USM technologies are being created by government measures to support the growth of the aviation industry.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, owing to stringent aviation laws and a significant emphasis on efficiency and safety. The industry is also being impacted by technological developments in USM systems, such as increased precision and dependability. Airlines and maintenance companies are drawn to USM systems because of their cost-effective solutions and enhanced efficiency. The expansion of the USM market in North America is also being aided by government programs to support the aviation sector's growth and collaborations among industry participants.

Key players in the market

Some of the key players profiled in the Air Transport USM Market include A J Walter Aviation Limited, AAR Corporation, AerSale Inc, AJ Walter Aviation Limited, Boeing Company, Delta TechOps, GA Telesis LLC, General Electric, HEICO Corporation, Liebherr Group, Satair, Honeywell International Inc., and Liebherr Group.

Key Developments:

In November 2023, GA Telesis Engine Services' U.S. SPAH Facility received the FAA Part 145 Air Agency Certificate. With this significant achievement, the joint venture will supply the airline sector with quick-turnaround jet engine repair and play an important role in improving performance reliability.

In October 2023, Satair announced the SmartParts platform for a secure & transparent used aircraft parts marketplace. The platform is a digital marketplace for buying and selling certified used aircraft parts. The platform also uses blockchain technology to provide safe and transparent transactions, promoting confidence & traceability in the USM market.

Components Covered:

• Engine Parts
• Airframe Parts
• Avionics
• Interior Parts
• Sensors
• Software
• USM Systems
• Other Components

Aircraft Types Covered:

• Commercial Aircraft
• Military Aircraft
• Business Jets
• Helicopters
• Narrow-Body Aircraft
• Wide-Body Aircraft
• Turboprop Aircraft
• Regional Aircraft

Conditions Covered:

• Refurbished
• Overhauled
• Used

Distribution Channels Covered:

• Original Equipment Manufacturer (OEM)
• Aftermarket

Applications Covered:

• Repair and Overhaul
• Replacement Parts
• Upgrade Parts
• Other Applications

End Users Covered:

• Airlines
• MRO Providers
• Aircraft Manufacturers
• Military Organizations
• Other End Users

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances