Market Overview:
The global air transport USM market is estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million by 2030, at a CAGR of XX% during the forecast period. The growth of the market can be attributed to the increasing demand for air travel, rising disposable income, and technological advancements. The global air transport USM market is segmented on the basis of type, application, and region. On the basis of type, it is divided into engine components, airframe components, and other components. The engine component segment dominates the global market owing to its high demand in aircrafts. On the basis of application, it is classified into OEM and aftermarket segments. The OEM segment dominates the global market due to increased replacement needs for aging aircraft fleets across regions.
Product Definition:
Air Transport USM is the process of transporting goods and people by air. Air transport is an important mode of transportation for both passengers and cargo. It is fast, efficient, and can reach many destinations around the world.
Engine:
The engine is the prime mover of an aircraft. It's a power source that helps in propelling the aircraft through its flight mechanism. The growth factor in air transport USM market mainly depends on replacement & new installation trends, technological advancements and type of engines used for each type of aircrafts.
There are two types of engines used widely namely piston and turbine engines.
Components:
Components are the hardware or software used in air transport USM market. It is an integral part of Air Transport Management (ATM) system and plays a vital role in managing aircraft, passengers & cargo transportation. Components help to provide efficient and effective solutions for passenger & cargo transportation management which include revenue management, inventory management, flight booking engine, loyalty program processing among others.
Application Insights:
OEMs held the largest revenue share of over 70% in 2017. The air transport USM market is expected to witness growth owing to its extensive use in the OEM segment. Air transport USM units are manufactured using high-quality raw materials and components that are subject to stringent quality standards, which ensures high reliability and durability of the final product. These motors provide excellent performance at a low price, which makes them highly competitive against other OEMs such as Caterpillar Inc., John Deere & Co., or AGCO Corp.
The aftermarket segment is projected register notable CAGR during the forecast period on account of increasing replacement rate for these products due to their age or if they get damaged or worn out during operations.
Regional Analysis:
North America dominated the global air transport USM market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for maintenance, repair and overhaul services from OEMs and the rising need for replacement parts. In addition, growing trade activities across North America are expected to drive aircraft engine production over the forecast period.
Asia Pacific is anticipated to witness significant growth over a projected period owing to rapid economic development coupled with increasing disposable income levels among consumers in emerging countries such as India and China. Furthermore, an increase in international travel has led to an increase in maintenance requirements of aircraft engines; hence driving regional market growth over the forecast period.
Growth Factors:
- Increasing demand for air travel due to globalization and rising income levels in emerging markets.
- Proliferation of low-cost carriers and increase in competition among airlines, which has led to a drop in air fares.
- Expansion of airport infrastructure and the development of new airports, especially in Asia Pacific and the Middle East.
- Growth in the number of passengers travelling on business trips and leisure vacations.
- Development of innovative technologies such as aircraft cabin interior design, wireless internet access, etc., that improve passenger experience
Scope Of The Report
Report Attributes
Report Details
Report Title
Air Transport USM Market Research Report
By Type
Engine, Components, Airframe, Other
By Application
OEM, Aftermarket
By Companies
Pratt & Whitney, TES Aviation Group, General Electric, AAR Corp, Lufthansa Technik (LHT), MTU Aero Engines, A J Walter Aviation, AFI KLM E&M, GA Telesis, AirLiance Materials
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Air Transport USM Market Report Segments:
The global Air Transport USM market is segmented on the basis of:
Types
Engine, Components, Airframe, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pratt & Whitney
- TES Aviation Group
- General Electric
- AAR Corp
- Lufthansa Technik (LHT)
- MTU Aero Engines
- A J Walter Aviation
- AFI KLM E&M
- GA Telesis
- AirLiance Materials
Highlights of The Air Transport USM Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Engine
- Components
- Airframe
- Other
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Air Transport USM Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Air Transport USM is a subsidiary of Air France-KLM. It provides air transportation services to the United States and Canada.
Some of the key players operating in the air transport usm market are Pratt & Whitney, TES Aviation Group, General Electric, AAR Corp, Lufthansa Technik (LHT), MTU Aero Engines, A J Walter Aviation, AFI KLM E&M, GA Telesis, AirLiance Materials.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Air Transport USM Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Air Transport USM Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Air Transport USM Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Air Transport USM Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Air Transport USM Market Size & Forecast, 2020-2028
4.5.1 Air Transport USM Market Size and Y-o-Y Growth
4.5.2 Air Transport USM Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Engine
5.2.2 Components
5.2.3 Airframe
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Air Transport USM Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Air Transport USM Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Engine
9.6.2 Components
9.6.3 Airframe
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Engine
10.6.2 Components
10.6.3 Airframe
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Engine
11.6.2 Components
11.6.3 Airframe
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Engine
12.6.2 Components
12.6.3 Airframe
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Engine
13.6.2 Components
13.6.3 Airframe
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Air Transport USM Market: Competitive Dashboard
14.2 Global Air Transport USM Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pratt & Whitney
14.3.2 TES Aviation Group
14.3.3 General Electric
14.3.4 AAR Corp
14.3.5 Lufthansa Technik (LHT)
14.3.6 MTU Aero Engines
14.3.7 A J Walter Aviation
14.3.8 AFI KLM E&M
14.3.9 GA Telesis
14.3.10 AirLiance Materials
