Aviation Asset Management Global Market Report 2024

Aviation asset management refers to a programmatic method of proactively managing and maintaining aircraft across each aircraft’s useful life, from initial acquisition to final disposition. Aviation asset management help for cost savings, improving productivity, and reducing ownership costs within the airport.

The main types of aviation asset management services are leasing services, technical services, regulatory certifications, and end-to-end. Leasing services include temporary ownership of aircraft. The different types of aircraft for aviation asset management include wide-body aircraft, narrow-body aircraft, and private jets. Aviation asset management is used by end-users, including commercial platforms and maintenance, repair, and overhaul (MRO) services.

The aviation asset management market research report is one of a series of new reports that provides aviation asset management market statistics, including aviation asset management industry global market size, regional shares, competitors with an aviation asset management market share, detailed aviation asset management market segments, market trends and opportunities, and any further data you may need to thrive in the aviation asset management industry. This aviation asset management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The aviation asset management market size has grown strongly in recent years. It will grow from $239.88 billion in 2023 to $258.48 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing demand for air travel, increasing need for efficient asset management, rising demand for cost-effective solutions, growing investments in research and development, fleet expansion by airlines
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The aviation asset management market size is expected to see strong growth in the next few years. It will grow to $347.98 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to regulatory compliance requirements, rise in demand for fuel-efficient aircraft, growing importance of data analytics in asset management, expansion of the global aviation, emphasis on sustainability and environmental considerations. Major trends in the forecast period include increasing use of blockchain for aviation asset management, integration of internet of things (iot) for real-time monitoring, shift towards cloud-based aviation asset management solutions, development of end-to-end digital asset management platforms, collaborations between airlines and asset management service providers for efficiency gains.

The increasing air passenger traffic is expected to propel the growth of the aviation asset management market going forward. Air passenger traffic refers to the number of passengers who have booked a flight. Aviation asset management helps passengers travelling in the air by reducing customer complaints and minimizing users' downtime. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association of the world's airlines, overall air traveler numbers are expected to reach 4.0 billion in 2024. Therefore, the rise in air passenger traffic is driving the aviation asset management market.

The growing demand for cargo charters is expected to propel the growth of the aviation asset management market going forward. Cargo charters refer to specialized air transportation services where an individual or organization rents an entire aircraft to transport cargo, typically for time-sensitive, oversized, or high-value shipments. Aviation asset management plays a pivotal role in cargo charters by ensuring the availability, maintenance, and strategic allocation of aircraft to meet the specific requirements of cargo transport, optimizing operations, and maximizing resource utilization. For instance, according to the International Air Transport Association (IATA), a Canada-based trade association, in 2021, aviation cargo volumes increased by 18.7% yearly, and available cargo ton-kilometers (ACTKs) increased by 13.8% compared to 2020. Therefore, the growing demand for cargo charters is driving the growth of the aviation asset management market.

Technological advancement is a key trend gaining popularity in the aviation asset management market. Major companies in the aviation asset management market are focusing on new technologies to develop advanced asset management software solutions to strengthen their position in the market. For instance, in 2022, flydocs, a UK-based asset management solution provider, partnered with SGI Aviation Services, a Netherlands-based aviation asset management company, to develop a financial asset management software solution to cater to a diverse range of aviation asset owners through flydocs’ digitized asset management tools, maximizing the value of assets with the use of technology and support.

Major companies operating in the aviation asset management market are increasing their focus on introducing aviation asset management vehicles to gain a competitive edge in the market. An aviation asset management vehicle refers to a specialized entity or organization responsible for the acquisition, ownership, lease, maintenance, and overall management of aircraft and related assets. For instance, in July 2021, Air T Inc., a US-based aviation company, launched a new aviation asset management vehicle called Contrail Jet VII (CJVII) with up to $408 million in equity capital. The new enterprise will concentrate on procuring commercial aircraft and jet engines for leasing, trading, and disassembling. CJVII will target investments in current-generation narrow-body aircraft, including the Boeing 737NG and Airbus A320 family, as well as engines that power these aircraft.

In June 2021, EnTrust Global, a UK-based asset management firm, and SVPGlobal, a global investment firm, acquired the Aviation Investment and Asset Management business from DVB Bank Group, forming Deucalion Aviation Limited Company for an undisclosed amount. The acquisition will strengthen the businesses, creating a global leader in innovative financing solutions for airlines and leasing clients globally. Deucalion Company is a UK-based aircraft asset management company.

Major companies operating in the in the aviation asset management market report are Aerdata UK Ltd., Airbus SE, AerCap Holdings N. V., GE Capital Aviation Services LLC, Charles Taylor Aviation Limited, BBAM LLC, Aviation Asset Management Inc., SkyWorks Capital LLC, GA Telesis LLC, Acumen Aviation Ltd., Air Affairs Australia Pty Ltd., Aerotargets International LLC, Lockheed Martin Corporation, Leonardo SpA, Saab AB, The Boeing Company, L3Harris Unmanned Maritime Systems, BOC Aviation Limited, Avolon Holdings Limited, Air Lease Corporation, ST Engineering Aerospace Ltd., Dubai Aerospace Enterprise Ltd., SMBC Aviation Capital Corp., AerData B. V., AAR Corp., AeroCentury Corp., AerSale Inc., Air Partner plc, Airinmar Ltd., AJW Group plc, ALM Leasing & Financing Inc., Aircraft Maintenance and Engineering Corporation, Amentum Services Inc.

Asia-Pacific was the largest region in the aviation asset management market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation asset management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the aviation asset management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The aviation asset management market includes revenues earned by entities by providing services such as maintenance and pavement management systems and enterprise resource planning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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