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Air Transport USM Market Trends That Will Shape the Next Decade: Insights from Advancements in Air Cargo Links Enhancing Logistics Efficiency in the USM Market
Air Transport USM Market
Air Transport USM Market Size Growth Forecast: What to Expect by 2025?
The USM market for air transport has experienced robust growth in the past few years. The market is projected to expand from $5.56 billion in 2024 to $5.9 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. Factors such as an aging aircraft fleet, efficiency in aviation operations, strict regulatory standards, an increase in global air travels, and sustainability initiatives have contributed to the historical growth.
How Will the Air Transport USM Market Size Evolve and Grow by 2029?
The USM air transport market is anticipated to experience substantial growth over the next few years, with projections suggesting it will climb to $7.46 billion by 2029, exhibiting a CAGR of 6.0%. The growth during this projected period can be credited to factors such as the increasing need for aircraft maintenance, the expansion of budget airlines, the implementation of a circular economy in aviation, market growth in emerging regions, and resilience in recovery after the pandemic. Several major trends expected to influence this period include the demand for on-demand USM marketplaces, the use of AI for inventory streamlining, remote diagnostic and maintenance assistance, a focus on adherence to regulations, and alliances and partnerships for USM solutions.
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What Drivers Are Propelling the Growth of Air Transport USM Market Forward?
The surge in air passenger numbers is set to boost the air transport USM market. An air passenger is described as an individual or enterprise primarily involved in transporting people via aircraft in interstate business. The growing air traffic necessitates consistent maintenance of aircraft, including routine repairs and component overhauls. For example, the International Air Transport Association (IATA), a Canada-based organization that backs airline operations, forecasted 4.0 billion global passengers in 2024, including passengers on multi-leg connecting flights, returning to pre-pandemic levels. The expected total passenger count for 2021 and 2022 is 83%, which is likely to be followed by 94% in 2023, 103% in 2024, and 111% in 2025. Hence, the escalating number of air passengers is fueling the expansion of the air transport USM market.
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Which Emerging Trends Are Transforming the Air Transport USM Market in 2025?
Major corporations involved in the USM air transport market are channeling their efforts towards creating high-tech solutions such as air cargo links to increase efficiency and improve logistics procedures. Cargo links refer to transport links that enable the airlift of goods between different destinations, combining both air and ground logistics to boost efficiency and provide timely supply chain delivery. For example, as reported in April 2023, Denmark's A.P. Moller-Maersk, a globally recognized shipping and logistics firm, unveiled a groundbreaking air cargo link between the US and China with the aim of strengthening their logistics services and satisfying the growing regional demand. This new route is a component of Maersk's plan to broaden its air freight options, allowing for speedy deliveries and enhanced supply chain performance. The service will combine the use of specialized freighters and commercial passenger planes to ensure efficient goods transportation, meeting the needs of both e-commerce and classic shipping. This is a testament to Maersk's dedication towards offering comprehensive logistics solutions and adjusting to the changing market trends.
What Are the Key Segments in the Air Transport USM Market?
The air transport usm market covered in this report is segmented -
1) By Product Type: Engine, Components, Airframe
2) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Turboprop Aircraft, Regional Aircraft
3) By Application: Original Equipment Manufacturer (OEM), After market
Subsegments:
1) By Engine: Turbine Engines, Piston Engines, Engine Parts And Accessories
2) By Components: Landing Gear Components, Avionics And Electronic Components, Hydraulic And Pneumatic Components, Electrical Components
3) By Airframe: Fuselage Sections, Wing Assemblies, Tail Sections, Structural Components
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Who Are the Key Players Shaping the Air Transport USM Market's Competitive Landscape?
Major companies operating in the air transport usm market include Raytheon Technologies Corporation, Boeing Company, Delta Air Lines, Singapore Technologies Engineering Ltd., Lufthansa Technik AG, MTU Aero Engines AG, AirLiance Materials LLC, HEICO Corporation, Triumph Group, VSE Aviation Inc., GA Telesis LLC, Aviation Technical Services Inc., AerSale Inc., Unical Aviation Inc., AJW Group, TurbineAero Inc., Precision Aircraft Solutions, AAR Corporation, TES Aviation Group, A J Walter Aviation Limited, Liebherr Group, Air France Industries and KLM Engineering & Maintenance, Satair Inc., Wencor Group, Aircraft Inventory, Avtrade Ltd.
What Geographic Markets Are Powering Growth in the Air Transport USM Market?
Asia-Pacific was the largest region in the air transport USM market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global air transport USM market during the forecast period. The regions covered in the air transport usm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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