Asia Pacific Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered (Hangaring, Fuelling, Flight Instructions, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviat

Asia Pacific Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered (Hangaring, Fuelling, Flight Instructions, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviation)

The Asia Pacific fixed-base operator market is expected to grow from US$ 5,127.12 million in 2022 to US$ 8,401.26 million by 2028. It is estimated to grow at a CAGR of 8.6% from 2022 to 2028.

High Potential for FBOs in Asia Pacific to Provide Significant Opportunities for the Growth of the Asia Pacific Fixed-Base Operator Market

The overall FBO market in Asia Pacific is witnessing slow growth as compared to other regions such as North America and Europe, which is mainly attributed to the presence of a smaller number of business as well as private jets across the region. The Asia Pacific fixed-base operator market is observing decent growth in the Southeast countries such as Indonesia, Singapore, and Macau. The general aviation sector in Asia Pacific is expected to rise during the forecast period, which is also demanding the FBO service provider to offers enhanced services to the traveler. Currently, there are total 72 FBOs operating in Asia Pacific countries; of these, 23 are operating in Australia and serve a business aviation fleet of ~200 aircraft. The FBOs in Hong Kong operate with ~122 business jets. Tag Aviation has expanded its footprint in Macau in 2020, and it was the very first company to officially open its office in the region. Similarly, as per the survey conducted by the Aviation International News (AIN), in 2020, MJets FBO topped the list of FBOs operating in Asia Pacific, and it ranked seventh among the world’s top FBOs for the for fifth consecutive year. MJets operates in Thailand for only Private Jet Terminal and has its FBO facility at Bangkok’s Don Mueang International Airport. Thus, slow but promising increase in the number of FBOs in Asia Pacific is emerging as one of the significant opportunities for the growth of the Asia Pacific fixed-base operator market players.

Asia Pacific Fixed-Base Operator Market Overview

China, India, Japan, Australia, and Malaysia are among the key countries in the Asia Pacific fixed-base operator market. The presence of huge middle-class population with a wide range of income levels, coupled with a surge in the spending power of this population, is influencing the private aviation industry, specifically in the Southeast Asia. The aviation industry is growing in dynamically in the region, especially in developing economies, however, the Asia Pacific fixed-base operator market is witnessing slow growth in the region. The key reason behind slow growth rate of FBOs in the region is the lack of business aviation infrastructure in China, India, Japan, and Malaysia. However, in the recent years, these countries are observing steady rise in business aviation, owing to which the number of FBOs is rising strongly in the region. Irrespective of the slow overall growth in Asia, the Asia Pacific fixed-base operator market is rising at a notable pace in the Southeast Asia, especially in Indonesia, Singapore, Macau, and Hong Kong, among others. The immaturity of business and presence of the private aviation sector are the two key factors limiting the growth of the Asia Pacific fixed-base operator market in the region. Moreover, unlike North America and Europe, Asia Pacific has a smaller number of FBOs. In Asia Pacific, the highest number of FBOs are present in Australia, i.e., 23 facilities, with business aviation fleet of ~200 aircraft. Furthermore, the corporates have emerged as passionate users of business jets across the region; thus, the rising demand is likely to boost the business aviation industry growth in the coming years. Therefore, the Asia Pacific fixed-base operator market players are introducing attractive membership schemes and are easily availing chartered services by using advanced technologies through online platforms, thereby making charter services more accessible to the people, which is driving the procurement of new business jets and FBO services. The recent COVID-19 outbreak, and the ensuing lockdowns have compelled several general aviation aircraft operators in the region to ground their aircraft fleet. This is driving the demand for demand for fixed-base operators services for the grounded aircraft, as the airline must maintain the airworthiness of their aircraft fleets. However, the gradual reopening of borders is anticipated to propel the performance of business and leisure aviation industries, nonetheless, will eventually highlight the lagging in the Asian countries development for fixed-based operators and other services so that private jet fliers increase globally.

Asia Pacific Fixed-Base Operator Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Fixed-base operator market Segmentation

The Asia Pacific fixed-base operator market is segmented into services offered, application, and country.

Based on services offered, the Asia Pacific Fixed-base operator market is segmented into hangaring, fuelling, flight training, aircraft maintenance, aircraft rental. In 2022, the fuelling segment registered a largest share in the Asia Pacific Fixed-base operator market.

Based on application, the Asia Pacific Fixed-base operator market is bifurcated into Business aviation and leisure aviation. In 2022, the Business aviation segment registered a larger share in the Asia Pacific fixed-base operator market.

Based on country, the Asia Pacific fixed-base operator market is segmented into Australia, China, India, Japan, Malaysia, and the Rest of Asia Pacific. In 2022, Australia segment registered a largest share in the Asia Pacific Fixed-base operator market.

DEER JET CO. LTD.; dnata Corporation; ExecuJet Aviation Group AG; General Dynamics Corporation; Jetex; Luxaviation; Signature Aviation; Swissport; and Universal Weather and Aviation, Inc. are the leading companies operating in the Asia Pacific fixed-base operator market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific fixed-base operator market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific fixed-base operator market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the fixed-base operator market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution