Global Aviation Asset Management Market

Aviation Asset Management Market Size, Share, Growth Analysis, By Component(Solution (Real-Time Location System (RTLS), Barcode, Mobile Computer, Labels), By Type(Digital Assets, Returnable Transport Assets, In-transit Assets, Manufacturing Assets), By Function(Location & Movement Tracking, Check In/Check Out, Repair & Maintenance, Others), By Application(Infrastructure Asset Management (Transportation, Energy Infrastructure, Water & Waste Infrastructure, Critical Infrastructure), By Region - Industry Forecast 2024-2031

Report ID: SQMIG20A2145 | Region: Global | Published Date: March, 2024
Pages: 202 | Tables: 90 | Figures: 76

Aviation Asset Management Market Competitive Landscape

The global aviation asset management market is highly competitive, with several key players vying for market share. These players include major aerospace companies, aviation leasing firms, asset management service providers, and technology solution providers. Some of the key players in the market offer a wide range of services, including fleet planning and management, lease management, remarketing, maintenance tracking, and technical advisory services. In addition, emerging players in the market, particularly technology solution providers, are introducing innovative software platforms and analytics tools to enhance efficiency and optimize asset utilization. The competitive landscape is driven by factors such as market consolidation, strategic partnerships, technological advancements, and a focus on customer-centric solutions, as companies aim to cater to the evolving needs of airlines, lessors, and other aviation stakeholders.

Aviation Asset Management Market Top Player’s Company Profile

  • Airbus (UK)
  • Lufthansa Technik AG (Germany)
  • Safran SA (France)
  • United Technologies Corporation (US)
  • General Dynamics Corporation (US)
  • Bombardier Inc. (Canada)
  • Embraer S.A. (Brazil)
  • Honeywell International Inc. (US)
  • Mitsubishi Heavy Industries, Ltd. (Japan)
  • Textron Inc. (US)
  • Leonardo S.p.A. (Italy)
  • Singapore Technologies Engineering Ltd (Singapore)
  • Thales Group (France)
  • United Aircraft Corporation (Russia)
  • China Aerospace Science and Technology Corporation (China)
  • Korean Air Aerospace Division (South Korea)
  • Kawasaki Heavy Industries, Ltd. (Japan)

Aviation Asset Management Market

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FAQs

Aviation Asset Management Market size was valued at USD 229.21 billion in 2022 and is poised to grow from USD 240.44 billion in 2023 to USD 352.54 billion by 2031, growing at a CAGR of 4.90% during the forecast period (2024-2031). 

The global aviation asset management market is highly competitive, with several key players vying for market share. These players include major aerospace companies, aviation leasing firms, asset management service providers, and technology solution providers. Some of the key players in the market offer a wide range of services, including fleet planning and management, lease management, remarketing, maintenance tracking, and technical advisory services. In addition, emerging players in the market, particularly technology solution providers, are introducing innovative software platforms and analytics tools to enhance efficiency and optimize asset utilization. The competitive landscape is driven by factors such as market consolidation, strategic partnerships, technological advancements, and a focus on customer-centric solutions, as companies aim to cater to the evolving needs of airlines, lessors, and other aviation stakeholders. 'GE Aviation (US)', 'Airbus (UK)', 'Boeing (US)', 'Lufthansa Technik AG (Germany)', 'Rolls-Royce Holdings plc (UK)', 'Safran SA (France)', 'United Technologies Corporation (US)', 'General Dynamics Corporation (US)', 'Bombardier Inc. (Canada)', 'Embraer S.A. (Brazil)', 'Honeywell International Inc. (US)', 'Mitsubishi Heavy Industries, Ltd. (Japan)', 'Textron Inc. (US)', 'Leonardo S.p.A. (Italy)', 'Singapore Technologies Engineering Ltd (Singapore)', 'Thales Group (France)', 'United Aircraft Corporation (Russia)', 'China Aerospace Science and Technology Corporation (China)', 'Korean Air Aerospace Division (South Korea)', 'Kawasaki Heavy Industries, Ltd. (Japan)'

The rising demand for aircraft leasing is driving the Aviation Asset Management market. Airlines, especially low-cost carriers and new entrants, prefer leasing aircraft instead of purchasing them outright due to lower upfront costs and flexibility. This trend creates opportunities for aviation asset management providers who specialize in leasing services. For example, companies like AerCap Holdings N.V. and GECAS (GE Capital Aviation Services) provide aircraft leasing services and also offer comprehensive asset management solutions to maximize the value and utilization of their leased fleets.

Adoption of Data-driven Decision Making: The industry is increasingly relying on data-driven decision making to optimize asset management strategies. Aviation asset management providers are leveraging big data analytics and AI algorithms to analyze large volumes of data and gain insights into asset performance, maintenance requirements, and operational efficiency. This trend enables proactive decision making, better planning of maintenance activities, and improved asset utilization. For example, AAR Corp utilizes data analytics to identify cost-saving opportunities and optimize component repairs in their asset management operations.

One dominating region in the Aviation Asset Management market is North America. With a well-established aviation industry and a strong presence of major airlines and leasing companies, North America holds a significant market share in aviation asset management. The region boasts advanced infrastructure, robust regulatory frameworks, and high demand for aircraft fleet management services. For example, in North America, companies like GE Aviation, with their vast portfolio of aviation asset management solutions, have a substantial market presence, offering comprehensive services for aircraft maintenance, leasing, and aftermarket support. The region's dominance can be attributed to the presence of key industry players, technological advancements, and the continuous focus on optimizing fleet performance.

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Global Aviation Asset Management Market

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