Aviation Asset Management Market 2022: Leading Players, Segments Analysis and Growth Drivers by 2030

Aviation Asset Management Market 2022: Leading Players, Segments Analysis and Growth Drivers by 2030 In view of the increasing demand for air travel in the last couple of decades and swift strides in the aviation sector, airports worldwide are facing intense capacity constraints. The rising obligation for managing and operating the complex as well as interconnected infrastructure and services at airports has necessitated an intricate collaboration of efficient use of resources and diverse workforces. In this regard, the aviation asset management market is anticipated to be on the cusp of rapid expansion in the near future.

Lately, airports are leveraging asset tracking solutions for generating real-time reports, improving operational efficiencies, and creating better travel experiences. Aircraft asset management revolves around proactively managing the services, parts, and costs of maintaining one and more aircraft’s useful life, starting from initial acquisition to final disposition.

Besides offering lowered fixed and variable maintenance costs, this technology assists airports in monitoring important physical assets, including inventory, machinery, devices, and personnel and caters to the rising preference for end-to-end service providers. When paired with digital mapping and indoor positioning tools, these tracking solutions assist facility managers with an accurate visual representation of the assets in the airport in real time.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/4747 Listed below are some important factors driving the global aviation asset management market share, which is expected to exceed USD 300 billion in yearly revenue by 2030. #1 Increasing adoption of helicopters for emergency applications In order to serve multiple emergency management services, including emergency pregnancy, trauma care, disaster management, and paediatric transportation, the demand for helicopters is reaching considerable heights. In fact, the HEMS (Helicopter Emergency Medical Services) tool is specially designed for meeting the needs related to lowaltitude VFR emergency first responders. Because of this rising application potential, asset tracking technology has grown significantly prominent in helicopters as it helps to increase the parts maintenance efficiency, enhance inventory management, and reduce costs. #2 Growing reliance of the logistics sector on cargo aircraft The aviation asset management industry is set to witness considerable momentum with the rapid advances in the logistics sector and the rising popularity of air shipping as an efficient and fast means of transport for goods. According to IATA (International Air Transport Association), airlines transport more than 52 million metric tons of goods per year.

As the air cargo industry constitutes many manual processes, the use of asset management solutions is witnessing a significant rise. The growing efforts placed by aircraft frontrunners, like Boeing on expanding the fleet of commercial aircraft and the rising number of investments will influence the industry dynamics. Stating an example, in September 2022, Chorus Aviation sold 8 of its aircraft for $45 million.

Request for customization @ https://www.gminsights.com/roc/4747 #3 Preference for end-to-end asset management among airline operators As air terminals look for improved operational performance and timesaving, airline operators are increasingly deploying asset management solutions for ideal outcomes. This technology is also helpful for the maintenance of lots of equipment as well as vehicles including aeroplanes. Besides improving the performance of aeroplanes, aviation asset management helps with the scheduling, and time departing for customer satisfaction.

The ongoing technological advancements have pushed leading digital business contenders to place targeted efforts on offering effective solutions to aircraft operators. For instance, GE Digital, in July 2022, signed an MoU (Memorandum of Understanding) with Microsoft and Teradata to combine high-fidelity digital data and analytics with cloud technologies for standardized reporting in aircraft operations.

About Global Market Insights: Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Contact Person: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Phone:1-302-846-7766 Toll Free: 1-888-689-0688 Email: sales@gminsights.com