The global Aviation Asset Management Market size was USD 178.50 Billion in 2022 and is expected to reach USD 290.76 Billion by 2030, with a CAGR of 5% from 2023 to 2030.

Aviation Asset Management Market Overview:

The aviation asset management market is made up of companies that manage things like aircraft parts and services in a proactive way. It also takes into account the costs of maintaining one or more planes over the course of their useful lives. One of the main reasons for the market's steady growth in recent years is the rise in air passenger traffic. IATA, or the International Air Transport Association, says that 35% of scheduled passenger and cargo traffic comes from the Asia-Pacific region. It has been a major factor in how the market has done on a global scale. Some of the main things that have led to the market's good performance are the rise of low-cost carriers and the rise in air traffic. Several businesses have been competing with each other in order to take advantage of the market opportunity and get a large share of the market.
Aviation asset management can be thought of as a service in which companies help financial institutions, leasing companies, and aircraft operators manage their assets from beginning to end. The goal of aviation asset management is to keep aircraft assets worth what they are worth.

On the aviation asset management market, vendors offer 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 things that affect how much an airplane is worth, so figuring it out requires a deep look at technology, industry, and market-related parameters. At the moment, commercial aviation is the most important part of the global aviation asset management market. This is because more and more airlines are choosing new technologies to make their operations easier and improve their quality.

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

Market Dynamics

Key market drivers

A lot of different things, like the rise in air passenger traffic and the release of new aircraft models, could act as drivers and speed up the growth of the market. One of the major aviation asset management market trends that could have a positive effect on its performance could be the rise in investment in the sector.

The aviation asset management market is growing because of the development of new aircraft models, the growth of the aftermarket and retrofit, and the rise in air passenger traffic. The market is divided into technical services, leasing services, and regulatory certification based on the type of service. In 2016, the regulatory certification segment of the aviation asset management market was the biggest, followed by leasing services. This segment is expected to be the biggest in the near future as well. Also, the leasing services segment is expected to grow at the fastest rate between 2017 and 2025 (CAGR). Contract negotiation and renewal, remarketing, and lease renewal, among other things, are some of the main things that are driving growth in the aviation assets management market's leasing services segment.

Market challenges

There are several problems in the market, which has made it less appealing. One of the biggest problems is having enough money to add new technology to aviation asset management systems. The fast change of technology is also a big challenge for businesses. They are expected to work in a flexible way so that they can respond to changes in the market. It could be a big problem because the market is always changing.

Opportunities in the global market

Integration of new technologies to make aviation asset management solutions that are efficient and effective is a key opportunity in the market setting. Based on the detailed aviation asset management market analysis, businesses need to find market opportunities and work on their strategy to stay in the market for the long term.

Key Market 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.

Aviation Asset Management Market Segmentation Analysis

Aviation Asset Management Market, By Service Type

The aviation asset management market can be divided into leasing services, technical services, and regulatory certification based on the type of service. The leasing services include renting out planes and other parts like engines and airframes. Most airlines choose to rent planes because it's cheaper than buying them. During the time frame that is predicted, this market segment is expected to lead the market. In the future, technical services like inspection and maintenance could also bring in money for the market. The regulatory certification segment, which includes airworthiness certification, could pick up speed as a result of new regulatory policies.

Aviation Asset Management Market, By End user

Based on the end-user, the aviation asset management market can be split into commercial platforms and maintenance, repair, and overhaul (MRO) services. As more low-cost carriers look for asset management services, demand in the commercial platforms segment is expected to rise. The number of old and ageing aircraft fleets could play a big role in driving up demand for MRO services. During the forecasted period, both market segments are expected to contribute to the market's revenue.

Regional Insights

Investing more in infrastructure to help the business grow in the Asia-Pacific region

In 2021, more than half of all revenue came from the Asia-Pacific aviation asset management market, which is expected to grow a lot over the next few years. The growth is because the government and public-private firms are spending more and more money to improve the airport infrastructure. With help from the government, the aviation industry is putting more focus on using zero-emission technologies. This will have a positive effect on the regional market landscape.

Competitive Analysis

Strategic partnerships to strengthen the competitive landscape

The competitive landscape of the Aviation Asset Management Market shows information about each competitor. 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 application dominance are all included. The information above is only about what the companies are focusing on in terms of the Aviation Asset Management Market.

Scope Analysis

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.

Recent Development

• In February 2022, AirAsia made a deal with Avolon, an aircraft leasing company based in Ireland, to lease at least 100 VX4 eVTOL planes. This deal is expected to help the former change the way people travel by air by giving passengers better mobility in the air. This will help the airline stay ahead of the competition.
• Asset tracking technologies like Global Positioning Systems, Radio Frequency Identification, and Bluetooth Low Energy are being used by businesses to make their aviation asset management solutions work better.
• Airbus, a major player in the market for managing aviation assets, has announced a partnership with AirLiquide and VINCI Airports to promote the use of hydrogen and help the aviation sector become less dependent on carbon-based fuels.

The Global Aviation Asset Management Market has been segmented into:

By Service Type

• Leasing Services
• Technical Services
• Regulatory Certification

By End user

• Commercial Platforms
• Maintenance, Repair, and Overhaul (MRO) Services

By Companies

• 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.