Air Transport USM

Air Transport USM

Global Air Transport USM Market to Reach US$8.8 Billion by 2030

The global market for Air Transport USM estimated at US$6.2 Billion in the year 2023, is expected to reach US$8.8 Billion by 2030, growing at a CAGR of 5.2% over the analysis period 2023-2030. Engine, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$6.0 Billion by the end of the analysis period. Growth in the Components segment is estimated at 3.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 5.0% CAGR

The Air Transport USM market in the U.S. is estimated at US$1.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 5.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.0% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Global Air Transport USM Market – Key Trends & Drivers Summarized

What Are Air Transport USMs and Why Are They Important?

Air Transport Used Serviceable Materials (USMs) are aircraft parts and components that have been previously used but are still serviceable, having met stringent inspection and certification standards. These materials are an essential part of the aviation industry`s efforts to reduce costs while maintaining high safety and performance standards. USMs are particularly important in the aftermarket for aircraft maintenance, repair, and overhaul (MRO) services, where they provide a cost-effective alternative to purchasing new parts. Airlines and MRO providers benefit from the availability of high-quality, certified used parts, which help to reduce operational costs and extend the service life of aircraft.

How Are Airlines and MRO Providers Utilizing USMs?

The growing emphasis on cost efficiency in the aviation industry has led airlines and MRO providers to increasingly rely on USMs for aircraft maintenance and repairs. USMs are typically sourced from decommissioned aircraft or surplus inventory, and they undergo rigorous testing to ensure they meet the required safety and performance standards. These parts are used in a wide range of applications, from engine components and landing gear to avionics and cabin interiors. By utilizing USMs, airlines can significantly reduce their maintenance costs, while MRO providers can offer more competitive pricing for their services. This trend is particularly relevant as the aviation industry recovers from the financial impact of the COVID-19 pandemic and seeks ways to optimize operational expenses.

What Role Do Sustainability Initiatives Play in the USM Market?

Sustainability is becoming a key focus in the aviation industry, and the use of USMs aligns with the growing emphasis on reducing waste and minimizing the environmental impact of aircraft operations. By reusing and repurposing aircraft parts, the industry can reduce the demand for new materials, conserve resources, and lower the carbon footprint associated with manufacturing new components. This circular approach to aircraft maintenance not only provides economic benefits but also supports the aviation industry`s broader sustainability goals. As airlines and MRO providers increasingly prioritize environmentally friendly practices, the use of USMs is expected to expand, further driving demand for certified used parts.

What Is Driving Growth in the Air Transport USM Market?

The growth in the air transport USM market is driven by several factors, including the rising demand for cost-effective aircraft maintenance solutions, the growing availability of high-quality used parts, and the increasing focus on sustainability within the aviation industry. As airlines seek to reduce operational expenses in a highly competitive market, the use of USMs offers significant cost savings without compromising safety or performance. The availability of certified used parts, combined with advancements in testing and inspection technologies, has further boosted confidence in the use of USMs. Additionally, the aviation industry`s commitment to sustainability is encouraging the adoption of circular practices, such as the reuse of serviceable materials, contributing to the market’s growth.

Select Competitors (Total 46 Featured) -

• AAR Corporation
• Collins Aerospace
• Euroatlantic Airways
• General Electric Company
• Gulf Air
• Lufthansa Technik AG
• Pratt & Whitney
• Rheinmetall AG
• Satair
• Vietnam Airlines

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