Air Transport USM Market size is estimated to register a CAGR of over 4.5% between 2024 & 2032

Air Transport USM Market Size

Air Transport USM Market accounted for USD 7.9 billion in 2023 and is expected to witness a CAGR of more than 4.5% from 2024 to 2032. The market is likely to see increasing demand for air transport USMs with increasing demand for air transport.

For example, in June 2023, a report published by the International Air Transport Association (IATA) mentioned that the global air travel expansion will keep growing leading to additional aircraft being employed. Total traffic in March 2023 increased by 52.4% over March 2022, states IATA. Domestic traffic saw an increase of 34.1 over March 2022 and overall March 2023 domestic traffic was at 98.9% of the March 2019 level. This growing demand for air travel worldwide drives market expansion as USM offers a cost-efficient solution for airlines to get parts instantly, allowing timely maintenance of planes to cater to the rising passenger demand.

Air Transport USM Market Report Attributes
Report Attribute Details
Base Year 2023
Air Transport USM Market Size in 2023 USD 7.9 Billion
Forecast Period 2024 – 2032
Forecast Period 2024 – 2032 CAGR 4.5%
2032 Value Projection USD 11.6 Billion
Historical Data for 2018 – 2023
No. of Pages\t200
Tables, Charts & Figures\t312
Segments covered\tProvider, Aircraft, Product
Growth Drivers\t
Increasing demand for air transport
Increased airline attention towards economic growth and cost effectiveness
Increasing age of aircraft fleets and retirements
Tight regulations implemented by governments regarding dumping of aircraft waste
Pitfalls & Challenges\t
Compliance with stringent regulations
Reliability and quality issues

Air Transport USM Market Trends
The air transport USM sector is experiencing a trend influenced by extensive technological development. Technological improvements in NDT methods like ultrasonic testing, eddy current testing & thermography allow accurate and consistent assessments of worn parts, ensuring structural integrity and functionality. This enhances confidence in the utilization of USM while adhering to stringent regulatory guidelines. Sensor-based monitoring and data analytics technology also offers better failure predictions for components, hence enabling proactive maintenance strategies and timely intervention with used parts. This reduces downtime and optimizes the performance of the current components.

For example, in September 2023, Safran Landing Systems collaborated with SkyTech, an AI-powered predictive maintenance solutions developer, to utilize SkyTech’s AI & IoT platform for landing gear maintenance. The collaboration will help maximize landing gear repair schedules, reduce costs, and enhance operational efficiency by leveraging predictive sensor data analysis. Such technology innovations will lead the market growth in the upcoming years.
Air Transport USM Market Analysis

Learn more about the dominant segments driving this market

In the aviation world, the aftermarkets for used aircraft parts is a two-faced personality where two dominant players existthe original equipment manufacturers (OEMs) and the aftermarket. Currently, OEMs are the superstars of this market with an enormous share of more than 60%. OEMs have gained their street cred through the phenomenal job of creating fantastic planes and keeping them airborne safely. Airlines adore them for their used parts because they know these companies are experts from top to bottom. OEMs employ their glamorous brand names and reputations to ensure the quality and safety of their used parts, which provides airlines with that added sense of security. These people don’t play games with their parts. They ensure they’re as good as new, complying with all the same rigorous rules and regulations. This focus on detail provides airlines and the people who monitor aviation with a warm and fuzzy sensation regarding OEM-supplied used parts. They are assured that they can rely on them for safety and dependability.
Air Transport USM Market Share
AAR Corp. and Boeing Company also possess a substantial share of over 15% in the market. AAR Corp. employs its global sourcing acumen to procure high-quality, cost-efficient used serviceable material from a diverse pool of suppliers across the world. The company employs efficient distribution channels to provide USM products to airline customers as per schedule.

Boeing enters into strategic alliances and partnerships with USM suppliers, aftermarket services providers, and MRO organizations to expand its USM product offerings. These partnerships allow Boeing to increase its product offerings, streamline supply chain operations, and meet customers’ needs more effectively.

Air Transport USM Market Companies

Major players operating in the air transport USM industry are

• A J Walter Aviation Limited
• AAR Corp.
• AerSale Inc.
• AJ Walter Aviation Limited
• Boeing Company
• Delta TechOps
• GA Telesis, LLC
• General Electric
• HEICO Corporation
• Liebherr Group
• Satair