Air Transport USM Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
The Air Transport USM Market Size accounted for USD 7.6 Billion in 2022 and is projected to achieve a market size of USD 11.9 Billion by 2032 growing at a CAGR of 4.6% from 2023 to 2032.
Air Transport USM Market Highlights
- Global air transport USM market revenue is expected to increase by USD 11.9 Billion by 2032, with a 4.6% CAGR from 2023 to 2032
- North America region led with more than 38% of air transport USM market share in 2022
- Asia-Pacific air transport USM market growth will record a CAGR of more than 5.3% from 2023 to 2032
- By product, the engine segment captured more than 43% of revenue share in 2022.
- By provider, the OEM segment is projected to expand at the fastest CAGR over the projected period
- Increasing demand for air travel and aircraft maintenance, drives the air transport USM market value
USM stands for Used Serviceable Material, which refers to parts or components that have been removed from an aircraft but are still serviceable and can be used again. In the context of air transport, USM plays a significant role in the maintenance and repair of aircraft, providing an economical alternative to purchasing new parts. These parts undergo rigorous inspections and testing to ensure they meet safety and quality standards before being reintroduced into aircraft systems.
The USM market in the air transport sector has experienced notable growth in recent years due to several factors. One primary driver is the increasing demand for air travel, which has led to higher utilization rates of aircraft and subsequently, the need for more frequent maintenance and repairs. Additionally, airlines are increasingly seeking cost-effective solutions to maintain their fleets, and USM offers a viable option to reduce maintenance costs without compromising safety or reliability. Moreover, advancements in technology and processes within the aviation industry have improved the efficiency of USM sourcing, refurbishment, and distribution, further fueling market growth.
Global Air Transport USM Market Trends
Market Drivers
- Increasing demand for air travel and aircraft maintenance
- Cost-effectiveness of USM parts compared to buying new components
- Advancements in technology and regulatory standards for USM certification
- Growing trend towards sustainable practices in aviation
- Ability to minimize downtime and reduce maintenance costs for airlines
Market Restraints
- Challenges in ensuring the quality and reliability of USM parts
- Potential regulatory hurdles and certification complexities
Market Opportunities
- Innovation in refurbishment and repair techniques for USM components
- Integration of digital solutions for inventory management and traceability of USM parts
Air Transport USM Market Report Coverage
| Market | Air Transport USM Market |
| Air Transport USM Market Size 2022 | USD 7.6 Billion |
| Air Transport USM Market Forecast 2032 |
USD 11.9 Billion |
| Air Transport USM Market CAGR During 2023 - 2032 | 4.6% |
| Air Transport USM Market Analysis Period | 2020 - 2032 |
| Air Transport USM Market Base Year |
2022 |
| Air Transport USM Market Forecast Data | 2023 - 2032 |
| Segments Covered | By Aircraft, By Product, By Provider, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | 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. |
| Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Air transport USM (Used Serviceable Material) refers to components and parts sourced from retired aircraft that are still in good condition and can be reused in other aircraft after undergoing necessary inspections, repairs, and refurbishments. These parts offer a cost-effective alternative to purchasing new components, particularly for older aircraft models or for airlines aiming to manage maintenance costs more efficiently. The USM market encompasses a wide range of components, including avionics, engines, landing gear, cabin interiors, and more. The applications of air transport USM are diverse and crucial within the aviation industry. Airlines and maintenance, repair, and overhaul (MRO) providers rely on USM parts to support their fleet operations effectively. USM components can be used for routine maintenance tasks, such as replacing worn-out parts, as well as for more significant repairs and modifications.
The air transport Used Serviceable Material (USM) market has been experiencing significant growth driven by various factors. One key driver is the rising demand for air travel worldwide, leading to increased aircraft utilization and subsequent wear and tear on components. Airlines are increasingly turning to USM parts as a cost-effective solution to manage maintenance expenses and minimize aircraft downtime. This trend is particularly pronounced for older aircraft models, where sourcing new components may be more challenging or expensive. Moreover, advancements in technology and regulatory standards have facilitated the acceptance and integration of USM parts into aircraft maintenance practices. Improved processes for certifying and tracing the history of USM parts have enhanced their reliability and safety, further bolstering their attractiveness to airlines. Additionally, the growing focus on sustainability in the aviation industry has propelled the adoption of USM parts as a means to reduce waste and minimize environmental impact. By reusing serviceable components from retired aircraft, airlines can contribute to resource conservation while also benefiting economically.
Air Transport USM Market Segmentation
The global air transport USM market segmentation is based on aircraft, product, provider, and geography.
Air Transport USM Market By Product
- Engine
- Airframe
- Component
- Others
According to the air transport USM industry analysis, the engine segment accounted for the largest market share in 2022. One significant driver is the increasing demand for engine maintenance and overhaul services as airlines strive to keep their fleets operational while managing costs. Engines are among the most expensive components of an aircraft, and USM parts offer a cost-effective alternative to purchasing new engines or major engine components. This cost-saving advantage is particularly appealing to airlines facing budget constraints or seeking to extend the operational lifespan of their aircraft. Furthermore, technological advancements and improvements in refurbishment techniques have enhanced the reliability and performance of USM engine parts. With rigorous inspection and certification processes in place, USM engine components are now trusted by airlines for their quality and safety standards. Additionally, the availability of USM engine parts for a wide range of aircraft models, including both current and older generations, provides airlines with greater flexibility in sourcing replacements and maintaining their fleets.
Air Transport USM Market By Aircraft
- Narrowbody jet
- Turboprop
- Widebody jet
- Regional jet
In terms of aircraft, the narrowbody jet segment is expected to witness significant growth in the coming years. Narrowbody jets, such as the Boeing 737 and Airbus A320 families, are among the most widely used aircraft types in commercial aviation. As these aircraft age and accumulate flight hours, the demand for replacement parts and components increases. Utilizing USM parts for narrowbody jets presents a cost-effective solution for airlines looking to maintain their fleets while managing operational expenses. Moreover, the increasing demand for air travel, particularly in emerging markets and low-cost carrier operations, has led to a growing need for narrowbody aircraft. Many airlines, especially those with constrained budgets, find it economically advantageous to operate older narrowbody jets and rely on USM parts for maintenance and repairs. This trend is expected to continue as airlines seek to expand their fleets and optimize their route networks to meet rising passenger demand.
Air Transport USM Market By Provider
- OEM
- Aftermarket
According to the air transport USM market forecast, the OEM segment is expected to witness significant growth in the coming years. OEMs are increasingly recognizing the potential of the USM market as a complementary revenue stream. With airlines looking for cost-effective alternatives to maintain their fleets, OEMs are leveraging their expertise and resources to offer USM parts sourced from retired or surplus aircraft. This strategic shift allows OEMs to extend their product lifecycle management and capitalize on the aftermarket demand for replacement and refurbishment parts. Additionally, advancements in technology and manufacturing processes have enabled OEMs to refurbish and recertify used components to meet stringent industry standards. By providing high-quality USM parts backed by OEM warranties and support, manufacturers can instill confidence in airlines regarding the reliability and safety of these components. Moreover, OEMs' direct involvement in the USM market ensures that airlines have access to genuine parts that are compatible with their aircraft models, thereby enhancing operational efficiency and reducing maintenance costs.
Air Transport USM Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Air Transport USM Market Regional Analysis
North America dominates the air transport USM (Used Serviceable Material) market due to several factors that contribute to its prominence in the aviation industry. North America boasts one of the largest fleets of commercial aircraft globally, with major airlines operating extensive networks across the continent. This large fleet size generates substantial demand for maintenance, repair, and overhaul (MRO) services, including the use of USM parts. Additionally, North America is home to numerous major aircraft manufacturers, MRO facilities, and parts suppliers, providing a robust ecosystem for the USM market to thrive. Moreover, the region's advanced regulatory framework and stringent safety standards contribute to the dominance of North America in the air transport USM market. Aviation regulatory authorities such as the Federal Aviation Administration (FAA) ensure that USM parts undergo rigorous inspection, testing, and certification processes to meet safety and quality requirements. This regulatory oversight instills confidence in USM parts sourced from North America, making them highly sought after by airlines and MRO providers worldwide. Furthermore, North America's strong presence in the aerospace industry is supported by a culture of innovation and technological advancement.
Air Transport USM Market Player
Some of the top air transport USM market companies offered in the professional report include 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.
Frequently Asked Questions
How big is the air transport USM market?
The air transport USM market size was USD 7.6 Billion in 2022.
What is the CAGR of the global air transport USM market from 2023 to 2032?
The CAGR of air transport USM is 4.6% during the analysis period of 2023 to 2032.
Which are the key players in the air transport USM market?
The key players operating in the global market are including 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.
Which region dominated the global air transport USM market share?
North America held the dominating position in air transport USM industry during the analysis period of 2023 to 2032.
Which region registered fastest CAGR from 2023 to 2032?
Asia-Pacific region exhibited fastest growing CAGR for market of air transport USM during the analysis period of 2023 to 2032.
What are the current trends and dynamics in the global air transport USM industry?
The current trends and dynamics in the air transport USM industry include increasing demand for air travel and aircraft maintenance, cost-effectiveness of USM parts compared to buying new components, and advancements in technology and regulatory standards for USM certification.
Which product held the maximum share in 2022?
The engine product held the maximum share of the air transport USM industry.
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