USM Market Structure in Air Transport, Key Emerging Trends, and Insights on Leading Players

The air transport used serviceable material (USM) market is on track for significant expansion in the coming years, driven by evolving industry needs and technological advancements. As airlines and maintenance providers seek cost-effective and sustainable solutions, the USM sector is becoming increasingly vital in aviation operations worldwide. Let's explore the market size, key players, emerging trends, and segment breakdown of this growing industry.

Projected Market Value and Growth Path of the Air Transport USM Market
The air transport USM market is forecasted to reach a value of $7.61 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2%. This upward trajectory is fueled by several factors, such as the anticipated retirement of next-generation aircraft, which will enhance the availability of USM components. Additionally, airlines are placing greater emphasis on reducing maintenance expenditures through increased USM utilization. The development of specialized aircraft dismantling and recycling centers, combined with advancements in digital tracking and traceability of refurbished parts, further supports this market's growth. Moreover, the rising demand for sustainable maintenance, repair, and overhaul (MRO) activities encourages wider adoption of USM within the industry.

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Factors Contributing to the Growth of the Air Transport USM Market
One key driver behind the market's expansion is the heightened need for affordable aircraft maintenance solutions, which is resulting in increased demand for harvested USM parts. This trend is particularly relevant due to the accelerated retirement of older aircraft fleets, leading to a surge in teardown operations. Secondly, the industry is increasingly relying on used serviceable materials to mitigate component shortages, helping maintain operational efficiency amid supply chain challenges.

Key Players Leading the Air Transport USM Market
Several prominent companies shape the air transport USM landscape, including 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, and VSE Aviation Inc. Other notable players are 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, and Avtrade Ltd.

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Strategic Expansion by Itochu Corporation in the USM Sector
In September 2024, Japan-based conglomerate Itochu Corporation expanded its footprint in the commercial aviation aftermarket by acquiring Killick Aerospace, a specialist in USM for commercial aircraft. This move aims to create synergies between Itochu's leasing operations and Killick's USM solutions for Boeing and Airbus planes. Killick Aerospace, headquartered in Ireland, offers a broad range of used serviceable materials, including aircraft and engine components, as well as critical equipment like nitrogen generation system parts manufactured by Honeywell.

Technological Trends Impacting the Air Transport USM Industry
Leading companies in the air transport USM market are concentrating on developing advanced technological solutions to improve operational efficiency and streamline logistics. One such innovation is the creation of air cargo links, which facilitate smoother transportation of goods by integrating air and ground logistics. These links support faster and more reliable delivery within the supply chain. For example, in April 2023, A.P. Moller-Maersk, a Denmark-based shipping and logistics firm, launched a new air cargo connection between the United States and China. This initiative is part of Maersk's plan to boost its air freight services, shortening delivery times and enhancing supply chain responsiveness. The service operates through a mix of dedicated freighters and commercial passenger planes, catering to both e-commerce shipments and traditional cargo needs, highlighting Maersk's commitment to integrated, responsive logistics solutions.

Breakdown of Market Segments in the Air Transport USM Industry
The air transport USM market is categorized into several segments to provide a detailed view of the industry:
1) By Product Type: Engine, Components, and Airframe
2) By Aircraft Type: Narrow-Body Aircraft, Wide-Body Aircraft, Turboprop Aircraft, and Regional Aircraft
3) By Application: Original Equipment Manufacturer (OEM) and Aftermarket

Further subcategories include:
- Engine: Turbine Engines, Piston Engines, Engine Parts and Accessories
- Components: Landing Gear Components, Avionics and Electronic Components, Hydraulic and Pneumatic Components, Electrical Components
- Airframe: Fuselage Sections, Wing Assemblies, Tail Sections, Structural Components

This comprehensive segmentation offers a clear understanding of the varied elements that constitute the air transport USM market and highlights opportunities across different product types, aircraft classes, and application areas.

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