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Aviation Asset Management Market


Aerospace & Defence
Aviation

The aviation asset management market is projected to grow from USD 171.72 Billion in 2016 to USD 229.04 Billion by 2022, at a CAGR of 4.92% from 2017 to 2022. Increase in air passenger traffic, growth of retrofit & after markets, and development of new aircraft models are the major factors driving the aviation asset management market.

Based on end use, the commercial platforms segment is projected to lead the aviation asset management market during the forecast period. The correlation between economic development and air traffic is evident, and the outlook for future development of the global aircraft fleet is also robust. As per the International Air Transport Association (IATA), the global aircraft fleet will double by 2034, which evidently exhibits huge opportunities for growth of the commercial platforms segment of the aviation asset management market.

On the basis of service type, the leasing services segment of the aviation asset management market is anticipated to grow at the highest CAGR during the forecast period. Contract negotiation/renewal, lease renewal, and remarketing, among others, are some of the major leasing services in the aviation asset management market.

The aviation asset management market in the Asia-Pacific region is anticipated to grow at a considerable rate, whereas the Middle East aviation asset management market is projected to grow at the highest CAGR during the forecast period. Growth in passenger traffic has resulted in the increase in demand for new aircraft in Asia-Pacific and the Middle East regions. This increase in new aircraft demand is anticipated to boost the aviation asset management market during the forecast period.

Aviation Asset Management Market

Stringent government regulations restrain the growth of the aviation asset management market. The market is also broadly dependent on airline software that is yet to be developed.

Several major players are present in the aviation asset management market, such as GE Capital Aviation Services (U.S.), AerData (U.S.), Airbus Group (Netherlands), and others. GE Capital Aviation Services, one of the top market players, has been focusing on securing contracts to grow in the aviation asset management market. The company invests heavily in research and development and has a diverse product portfolio.

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