Report Code: A13891 | Pages: NA | Mar 2023 | 1521 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aviation Asset Management Market
Request Now !Aviation asset management is a commercial aircraft consultancy service. Companies such as Aviation Asset Management Limited (AAM) undertake surveys of leased aircraft and check maintenance documentation under this management. The concept of asset management is gaining importance with the rise in number of air passengers. Growth in aviation asset management can be attributed to the rise in focus of commercial airline operators on increasing their service offerings due to the rise in demand for aerial cargo movement and inflight passengers. Major companies dealing with aircraft operations in the commercial airspace are searching for ways to outsource aviation asset management services. Asia-Pacific is anticipated to capture a significant market share, demonstrating an accelerated growth rate over the coming years due to development in the aviation industry across the region. Airline operators are actively expanding their operational fleet to support the market demand on regional roots. Efforts taken by regional governments to improve their manufacturing and operational capabilities in the aviation industry are attracting huge brownfield and greenfield investments, favorably influencing the market. China Airlines is associated with IFS for aviation asset management services. This contract assisted China Airlines to increase its management process efficiency by 10%, A checks delivery efficiency by 3%, and a 30-day average reduction of layover in scheduled aircraft maintenance.
COVID-19 Impact Analysis
Top Impacting Factors
Rise in air traffic, procurement of new aircraft models equipped with advanced features, increase in emphasis on competitive intelligence and analytical solutions, and technological development drive the growth of the market.
Stringent government regulations hinder the growth of the aviation asset management market.
Increase in aviation passenger traffic, pending deliveries of aircraft, and demand for reduction in fixed & variable management cost act as an opportunity for the market investments.
The Aviation Asset Management Market Trends are as Follows:
Increase in Emphasis on Competitive Intelligence and Analytical Solutions
Technological Development
Key Benefits of the Report:
Questions Answered in the Aviation Asset Management Market Research Report:
Aviation Asset Management Market Report Highlights
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Key Market Players | Acumen, AerData (Boeing Company), Airbus Group, AerCap Holdings N.V, Aviation Asset Management Inc, BBAM Aircraft Leasing & Management, Charles Taylor Aviation (Asset Management) Ltd., GE Capital Aviation Services (General Electric Company), GA Telesis, LLC, Skyworks Capital, LLC. |
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