Development of new aircraft models, growth of aftermarket & retrofit, and rise in air passenger traffic are the key factors fueling the growth of the aviation asset management market. Based on service type, the market is segmented into technical services, leasing services, and regulatory certification. In 2016, among various service types, the regulatory certification segment dominated the market for aviation asset management followed by leasing services and is anticipated to dominate in the near future as well. In addition, the leasing services segment is expected to expand at the highest CAGR during the forecast period 2017 – 2025. Contract negotiation/renewal, remarketing and lease renewal among others are some of the major factors boosting the leasing services segment in the aviation assets management market.Based on end user, the market is segmented into MRO services and commercial platforms. In 2016, commercial platforms dominated the market for aviation asset management followed by MRO services and is anticipated to remain in the forefront in the coming years. Increasing demand for commercial platforms is one of the key factors likely to drive the demand for the commercial platforms segment in the aviation asset management market during the forecast period.
Some of the key factors fueling the growth of the market are rise in aircraft deliveries and orders, rise in fleet size, growth of new aircraft models, and rise in aviation passenger traffic among others. The market in Asia Pacific is expected to expand at a high CAGR due to various factors such as increasing number of airline and green initiatives by the aviation industry. However, limited production of aircrafts due to limitations of suppliers and stringent industry regulations among others are some of the restraining factors for the market in Asia Pacific as well as globally.
The geographical split of the market includes North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. In 2016, North America is the key market followed by Asia Pacific. In 2016, the U.S. is the major market in North America as well as globally. Development of new aircraft models is one of the key factors fueling the demand for aviation asset management in North America. However, in 2025, Asia Pacific is expected to be the largest market followed by North America. China is expected to be the major market in Asia Pacific as well as globally. In addition, the market in India is expected to expand at the highest CAGR during the forecast period 2017 – 2025. Rise in air passenger traffic is one of the key factors fueling the market in Asia Pacific as well as globally. The market in Europe is expected to grow at a sluggish rate during the forecast period. The U.K. and Germany are expected to be major markets for aviation asset management.
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The major players in the aviation asset management market are Boeing Company (United States), Airbus Group (Netherlands), General Electric Company (United States) and Skyworks Capital, LLC (United States). Some of the other companies are BBAM LP (United States), GA Telesis, LLC (United States), AerCap Holdings N.V. (Netherlands), Acumen Aviation, Aviation Asset Management, Inc (Auckland) and Charles Taylor Aviation Ltd (United Kingdom) among others.