PUBLISHER: The Business Research Company | PRODUCT CODE: 1641618
PUBLISHER: The Business Research Company | PRODUCT CODE: 1641618
Aviation asset management refers to a programmatic method of proactively managing and maintaining aircraft across each aircraft's useful life, from initial acquisition to final disposition. Aviation asset management help for cost savings, improving productivity, and reducing ownership costs within the airport.
The main types of aviation asset management services are leasing services, technical services, regulatory certifications, and end-to-end. Leasing services include temporary ownership of aircraft. The different types of aircraft for aviation asset management include wide-body aircraft, narrow-body aircraft, and private jets. Aviation asset management is used by end-users, including commercial platforms and maintenance, repair, and overhaul (MRO) services.
The aviation asset management market research report is one of a series of new reports from The Business Research Company that provides aviation asset management market statistics, including aviation asset management industry global market size, regional shares, competitors with an aviation asset management market share, detailed aviation asset management market segments, market trends and opportunities, and any further data you may need to thrive in the aviation asset management industry. This aviation asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The aviation asset management market size has grown strongly in recent years. It will grow from $256.1 billion in 2024 to $275.01 billion in 2025 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growing demand for air travel, increasing need for efficient asset management, rising demand for cost-effective solutions, growing investments in research and development, fleet expansion by airlines.
The aviation asset management market size is expected to see strong growth in the next few years. It will grow to $376.2 billion in 2029 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to regulatory compliance requirements, rise in demand for fuel-efficient aircraft, growing importance of data analytics in asset management, expansion of the global aviation, emphasis on sustainability and environmental considerations. Major trends in the forecast period include increasing use of blockchain for aviation asset management, integration of internet of things (IoT) for real-time monitoring, shift towards cloud-based aviation asset management solutions, development of end-to-end digital asset management platforms, collaborations between airlines and asset management service providers for efficiency gains.
The increasing air passenger traffic is expected to propel the growth of the aviation asset management market going forward. Air passenger traffic refers to the number of passengers who have booked a flight. Aviation asset management helps passengers travelling in the air by reducing customer complaints and minimizing users' downtime. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air traveler numbers are expected to reach 4.0 billion in 2024. Therefore, the rise in air passenger traffic is driving the aviation asset management market.
The increasing demand for cargo charters is anticipated to drive the growth of the aviation asset management market in the future. Cargo charters are specialized air transportation services where individuals or organizations rent an entire aircraft to transport cargo, usually for time-sensitive, oversized, or high-value shipments. Aviation asset management plays a crucial role in cargo charters by ensuring the availability, maintenance, and strategic allocation of aircraft to meet the specific needs of cargo transport, thereby optimizing operations and maximizing resource utilization. For example, according to the International Air Transport Association (IATA), a Canada-based trade association, available Cargo Tonne-Kilometers (ACTKs)-a metric for global air cargo capacity-reached new heights in December. This increase, primarily fueled by the growth of international passenger belly capacity, led to a 13.6% year-on-year rise in December's ACTK. As a result, the total air cargo capacity for 2023 ended with an 11.3% increase compared to 2022. Thus, the rising demand for cargo charters is propelling the growth of the aviation asset management market.
Technological advancement is a key trend gaining popularity in the aviation asset management market. Major companies in the aviation asset management market are focusing on new technologies to develop advanced asset management software solutions to strengthen their position in the market. For instance, in 2022, flydocs, a UK-based asset management solution provider, partnered with SGI Aviation Services, a Netherlands-based aviation asset management company, to develop a financial asset management software solution to cater to a diverse range of aviation asset owners through flydocs' digitized asset management tools, maximizing the value of assets with the use of technology and support.
Major companies in the aviation asset management market are increasingly focusing on the introduction of aviation leasing platforms to gain a competitive advantage. Aviation leasing platforms serve as online marketplaces or systems that facilitate the leasing of aircraft, connecting airlines or operators with lessors who offer aircraft for short- or long-term rental. For example, in May 2024, Hanwha, a South Korea-based developer of high-value-added technologies, launched the Hanwha Aviation leasing and trading platform. Supported by Hanwha, this new platform is capable of executing both single-asset and large fleet transactions while reducing execution risk for leasing customers and trading partners.
In October 2023, Arcline Investment Management, a private equity firm based in the US, acquired Hartzell Aviation for an undisclosed amount. This acquisition is anticipated to stimulate investment in top-tier processes and advanced technologies, thereby improving Hartzell's product offerings and operational efficiency. With Arcline's support, Hartzell is well-positioned to explore new markets and expand its presence within the aviation industry, potentially boosting its customer base and revenue streams. Hartzell Aviation is a US-based provider of aviation asset management solutions.
Major companies operating in the aviation asset management market include Aerdata UK Ltd., Airbus SE, AerCap Holdings N. V., GE Capital Aviation Services LLC, Charles Taylor Aviation Limited, BBAM LLC, Aviation Asset Management Inc., SkyWorks Capital LLC, GA Telesis LLC, Acumen Aviation Ltd., Lockheed Martin Corporation, Leonardo SpA, Saab AB, The Boeing Company, BOC Aviation Limited, Avolon Holdings Limited, Air Lease Corporation, ST Engineering Aerospace Ltd., Dubai Aerospace Enterprise Ltd., SMBC Aviation Capital Corp., AerData B. V., AAR Corp., AeroCentury Corp., AerSale Inc., Airinmar Ltd., AJW Group plc, ALM Leasing & Financing Inc., Aircraft Maintenance and Engineering Corporation, Amentum Services Inc.
Asia-Pacific was the largest region in the aviation asset management market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the aviation asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The aviation asset management market includes revenues earned by entities by providing services such as maintenance and pavement management systems and enterprise resource planning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Aviation Asset Management Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on aviation asset management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for aviation asset management ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The aviation asset management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.