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Air Transport USM Market Analysis 2023 - Global Insights, Industry Demand, Growth Trends And Outlook By 2032
Air Transport USM Market
Air Transport USM Market Size, Growth Rate, And Forecast
The global air transport USM market size is expected to grow from $5.02 billion in 2022 to $5.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.26%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global air transport USM market size is expected to reach $6.59 billion in 2027 at a CAGR of 5.42%.
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Air Transport USM Market Drivers
The rise in the number of air passengers is expected to propel the air transport USM market. An air passenger refers to a person or business involved primarily in the transportation of people by aircraft in interstate commerce. As air traffic grows, it becomes more important to maintain aircraft through repairs and component rebuilds regularly.
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Air Transport USM Market Segments
• By Product Type: Engine, Components, Airframe
• By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Turboprop Aircraft, Regional Aircraft
• By Application: Original Equipment Manufacturer (OEM), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Air Transport USM market.
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Air Transport USM Market Key Players
Major competitors in the Air Transport USM market include GA Telesis LLC., AAR Corporation, TES Aviation Group, Raytheon Technologies Corporation.
The Business Research Company's "Global Air Transport USM Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Air Transport USM Market Include:
1. Executive Summary
2. Air Transport USM Market Characteristics
3. Air Transport USM Market Trends And Strategies
4. Air Transport USM Market - Macro Economic Scenario
5. Air Transport USM Market Size And Growth
.................
26. Africa Air Transport USM Market
27. Air Transport USM Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Transport USM Market
29. Air Transport USM Market Future Outlook and Potential Analysis
30. Appendix
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