Air Transport USM Market Size Projected to Garner USD 11.9 Billion by 2032 growing at 4.6% CAGR - Exclusive Report by Acumen Research and Consulting
The Global Air Transport USM Market Size is predicted to reach USD 11.9 Billion by 2032 from USD 7.6 Billion in 2022, at a CAGR of 4.6% between 2023 and 2032, as per the Acumen Research and Consulting
In recent years, the air transport industry has witnessed a notable increase in the utilization of Used Serviceable Material (USM). This trend can be attributed to several factors driving the aviation market, including cost-effectiveness, sustainability initiatives, and advancements in technology. Airlines and maintenance, repair, and overhaul (MRO) providers are increasingly turning to USM as a viable solution to meet their operational needs while maintaining cost efficiencies.
One significant reason for the rise in USM usage is cost savings. Acquiring new parts directly from manufacturers can be prohibitively expensive for airlines, especially for older aircraft models or when facing budget constraints. USM presents a cost-effective alternative, offering parts that have been previously used but are still in serviceable condition. By procuring USM, airlines can significantly reduce their maintenance and operational expenses without compromising safety or quality standards. Moreover, sustainability considerations are playing a crucial role in driving the adoption of USM within the air transport sector. As the industry faces increasing pressure to reduce its environmental footprint, reusing serviceable components aligns with broader sustainability goals. By extending the lifecycle of aircraft parts through USM, airlines can minimize waste generation and contribute to more environmentally responsible practices.
Air Transport USM Market Statistics
- Global air transport USM market value was worth USD 7.6 Billion in 2022, with a 4.6% CAGR from 2023 to 2032
- North America air transport USM market share occupied around 38% in 2022
- By product, the engine segment captured the majority share of the market in 2022
- By provider, the OEM segment is expected to show noticeable growth during the predicted period
- Growing trend towards sustainable practices in aviation, propel the air transport USM market revenue
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Air Transport USM Market Trends
The air transport Used Serviceable Material (USM) market has experienced notable growth in recent years, driven by several key factors. One significant factor is the increasing demand for cost-effective solutions within the aviation industry. With airlines facing pressure to minimize operating costs while maintaining safety and reliability, the adoption of USM has become an attractive option. Used Serviceable Material refers to aircraft parts that have been removed from retired or decommissioned aircraft but are still in good condition for reuse. This market provides a cost-effective alternative to purchasing new parts, enabling airlines to reduce maintenance expenses without compromising safety or performance.
Moreover, the growing trend towards sustainability and environmental responsibility in the aviation sector has also contributed to the expansion of the USM market. By utilizing recycled parts, airlines can reduce their environmental footprint by minimizing the need for new manufacturing and reducing waste. This aligns with broader industry initiatives to improve sustainability and reduce carbon emissions. As a result, many airlines are increasingly turning to USM as part of their efforts to achieve more eco-friendly operations. Additionally, advancements in technology and the increasing sophistication of aircraft systems have made USM more viable and reliable than ever before. Improved maintenance practices, stringent quality standards, and robust supply chain management have enhanced the credibility and reliability of USM suppliers. This has further bolstered confidence among airlines in utilizing USM for critical components, driving growth in the market.
Air Transport USM Market Segmentation
Acumen Research and Consulting has segmented the global air transport USM market by aircraft, product, provider, and region.
- By aircraft, the industry is categorized into narrowbody jet, turboprop, widebody jet, and regional jet.
- By product, the market is divided into engine, airframe, component, and others.
- By provider, the market is bifurcated into OEM, and aftermarket.
- By region, the market is classified into Asia-Pacific, Latin America, North America, Europe, and the MEA.
Air Transport USM Market Regional Overview
According to the air transport USM industry analysis, the Asia-Pacific region has emerged as a growing market in the air transport Used Serviceable Material (USM) sector, fueled by various factors contributing to the region's dynamic aviation landscape. As the Asia-Pacific region experiences rapid economic growth and urbanization, there is a parallel surge in air travel demand, leading to an expansion of airline fleets and infrastructure. This increased demand for air transport services necessitates efficient maintenance, repair, and overhaul (MRO) operations, driving the demand for USM components to support fleet maintenance and optimization. Moreover, the Asia-Pacific region is home to numerous emerging and established airlines, aircraft operators, and MRO service providers, creating a vibrant ecosystem for the USM market. These entities seek cost-effective solutions to maintain their aircraft fleets while ensuring compliance with stringent safety and regulatory standards. USM components offer a viable alternative to new parts, providing substantial cost savings without compromising on quality or reliability. As a result, both airlines and MRO providers in the region are increasingly turning to USM solutions to enhance their operational efficiency and competitiveness.
Air Transport USM Market Players
Some of the prominent air transport USM market companies are A J Walter Aviation Limited, AerSale Inc., AAR Corp., Satair, AJ Walter Aviation Limited, Delta TechOps, Boeing Company, Liebherr Group, GA Telesis, LLC, HEICO Corporation, and General Electric.
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Mr. Frank Wilson
Acumen Research and Consulting
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