Aviation Asset Management Market Size, By Type (Aircraft {Wide Body Aircraft, Narrow Body Aircraft, Private Jets}, Helicopter), By Purchase Type (Direct Purchase, Operating Lease, Finance Lease, Sale & Lease Back (SLB)), By Service (Leasing Service, Techn

Aviation Asset Management Market Size, By Type (Aircraft {Wide Body Aircraft, Narrow Body Aircraft, Private Jets}, Helicopter), By Purchase Type (Direct Purchase, Operating Lease, Finance Lease, Sale & Lease Back (SLB)), By Service (Leasing Service, Technical Service, Regulatory Services, End-to-End), By End-Use (Airline Operators, Leasing Companies, Cargo Operators, MRO Service Providers, Commercial Platforms), Industry Analysis Report, Application Potential, Competitive Market Share & Forecast, 2022 - 2030

Global Aviation Asset Management Market is projected to garner appreciable revenues by 2030 on account of the increasing strategic associations among the industry participants to offer advanced asset management solutions to the airline operators. The accelerating digital transformation and the rapid adoption of the new aircrafts equipped with the latest technology have pushed the demand for progressive software to streamline the day-to-day management of finance, technical, contracts & commercial aircraft operations in the aviation sector.

Against this backdrop, in February 2022, SGI Aviation Services BV, the autonomous asset manager delivering technical consultancy, asset management services, registration services, and CAMO, collaborated with Flydocs, one of the most comprehensive aviation asset management solution providers. The move aims to offer ground-breaking improvements to the latter’s Aircraft Asset Management Software solution through SGI Aviation's extensive experience and expertise in the field of asset management.

The aviation asset management market is classified based on product, purchase, service, end-use, and region.

In terms of product, the helicopter segment is projected to hold over 20% market share by 2030, owing to the product deployment in a range of commercial services, including air ambulance, emergency rescue operations, entertainment, TV reporting, etc. The fleet operators are opting for SaaS solutions to enhance the MRO services for helicopters. The increasing procurement of advanced helicopters, in consort with the rising defense expenditure may bolster segmental revenues through 2030.

Based on purchase, the operating lease segment of aviation asset management industy accounted for over USD 70 billion in 2021. The segment growth is credited to the expansion of cargo fleets across the logistics sector due to the proliferating e-commerce industry. These services involve predictable expenses, reduced risk, and save significantly on capital investments. The availability of operating lease aircraft at a lower cost for shorter durations will favour this purchase option through 2030.

The end-to-end service segment is speculated to expand at over 5% CAGR from 2022 to 2030. The emerging outsourcing trends across the aviation sector due to the evolution of the way airlines operate is one of the significant factors driving the demand for end-to-end asset management. These contracts comprise a complete management of assets such as engines, APUs, and landing gears, contract & lease management for all transferred assets, terms & conditions of the lease, a unified view of assets, and regulatory compliance.

Regarding the end-use, the MRO service providers segment was worth over USD 30 billion in 2021. The rapid urban migration, flourishing economic landscape, and positive outlook of the travel & tourism sector across developing economies will bolster the demand for MRO services for aircrafts. Besides, several external factors, including global fleet size, air traffic volume, and aircraft utilization, will positively sway the market dynamics.

Regionally, the Europe aviation asset management industry may exhibit over 4% growth rate through 2030. The considerable rise in international passenger traffic and the increasing leisure expenditure due to accelerating economic growth may create new growth prospects for the regional industry. The ongoing fleet expansion backed by the escalating demand for air travel will propel the Europe industry growth trends.