info@marketresearchfuture.com   ๐Ÿ“ž  +1 (855) 661-4441(US)   ๐Ÿ“ž  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Aviation Services Market Research Report Information By Type (Aircraft Management, Aircraft Maintenance, Ramp Services, Aircraft Rental, Passenger Services, Cargo Management, Aviation Training, Others), By Application (Commercial Aviation, General Aviation, Military Aviation), And By Region (North America, Europe, Asia-Pacific, And Rest of The World) โ€“Market Forecast Till 2032


ID: MRFR/ICT/14613-HCR | 128 Pages | Author: Aarti Dhapte| November 2024

Aviation Services Market Overview


The Aviation Services Market industry is projected to grow from significant value by 2032, exhibiting a compound annual growth rate (CAGR) of 8.50% during the forecast period (2023 - 2032). Innovations in aircraft technology, including the development of more fuel-efficient and environmentally sustainable aircraft are expected to be a significant market driver for the Aviation Services Market.


Figure 1: Aviation Services Market Size, 2023-2032 (USD Billion)


Aviation Services Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Aviation Services Market Trends


Continuous increase in global air travel demand and Investments in airport infrastructure, and air traffic management systems are driving the market growth

Market CAGR for aviation services is being driven by the continuous increase in global air travel demand and Investments in airport infrastructure, and air traffic management systems. The sustained increase in global air travel demand, driven by factors such as population growth, urbanization, and the expanding middle class, is a significant catalyst for the growth of the aviation services market. This surge encompasses both domestic and international travel. The aviation industry is on a path of recovery in 2022, gradually returning to pre-COVID-19 levels. As per the latest reports from authoritative organizations including IATA, ICAO, ACI, UNWTO, WTO, and IMF, international air passenger traffic in 2022 has shown improvement compared to 2021. In June 2022, international air passenger traffic increased by 229.5% compared to June 2021, and the revenue passenger kilometers (RPK) reached 65% of the June 2019 level.


Investments in airport infrastructure, air traffic management systems, and associated facilities play a pivotal role in propelling the growth of the aviation services market. Enhanced and expanded infrastructure contributes to the overall efficiency of air travel. The Civil Aviation Administration of China (CAAC) is strategically planning to augment its airport count by 215, aiming to reach a target of 450 airports by 2035. China's vision includes the construction of an average of 14 airports annually until 2035, aligning with its goal to position the aviation industry as a strategic asset for the national economy.


As a result, it is anticipated that throughout the projection period, demand for the Aviation Services Market will increase due to the continuous increase in global air travel demand and Investments in airport infrastructure, and air traffic management systems. Thus, driving the Aviation Services Market revenue.


Aviation Services Market Segment Insights


Aviation Services Market Type Insights


The Aviation Services Market segmentation, based on Type includes Aircraft Management, Aircraft Maintenance, Ramp Services, Aircraft Rental, Passenger Services, Cargo Management, Aviation Training, and Others. The aircraft management segment dominated the market, accounting for 58% of market revenue (XX Billion). Businesses and high-net-worth individuals, in particular, express a preference for concentrating on their core activities instead of navigating the intricacies of aircraft management and operation. Outsourcing aircraft management serves as a strategic solution, enabling them to avail the advantages of private aviation while mitigating the operational intricacies associated with day-to-day activities.


Aviation Services Market Application Insights


The Aviation Services Market segmentation, based on Application includes Commercial Aviation, General Aviation, and Military Aviation. The commercial aviation segment dominated the market, accounting for 58% of market revenue (XX Billion). In response to the escalating demand for air travel, airlines on a global scale are undertaking initiatives to expand and modernize their aircraft fleets. This strategic approach involves the incorporation of fuel-efficient and technologically advanced aircraft. Consequently, this evolution necessitates additional services in maintenance, repair, and overhaul (MRO), presenting lucrative opportunities for service providers in the aviation industry.


Figure 2: Aviation Services Market, by Application, 2022 & 2032 (USD Billion)


Aviation Services Market, by Application, 2022 & 2032


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Aviation Services Market Regional Insights


By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The anticipated expansion of the Aviation Services market in North America can be attributed to several key factors. North America commands a substantial share of the business aviation market, boasting a considerable fleet of private jets and corporate aircraft. According to the International Air Transport Association (IATA), by December 2021, the region had witnessed the delivery of 231 narrow-body and 41 wide-body aircraft, with an additional 361 narrow-body and 52 wide-body aircraft delivered in 2022. Business jet utilization in the United States experienced a remarkable 42% increase in 2021 compared to the previous year. The escalating demand for services encompassing aircraft management, maintenance, and associated support within the realm of business aviation significantly contributes to the overall expansion of the aviation services market.


Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3: AVIATION SERVICES MARKET SHARE BY REGION 2022 (USD Billion)


AVIATION SERVICES MARKET SHARE BY REGION 2022


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's Aviation Services Market accounts for the second-largest market share as the expansion of the aviation services market in Europe has been significantly influenced by the rise and progression of low-cost carriers (LCCs). According to Eurostat, the European Union experienced a substantial 25% growth in air passengers, freight, and mail between August 2021 and August 2022. Airbus, a prominent aircraft manufacturer, forecasts demand for 39,490 new passenger and freighter aircraft over the next two decades. In the 2022-2041 timeframe, Europe is anticipated to drive a demand for 8,140 aircraft out of the total projected. The strategic presence of LCCs has been instrumental in stimulating air travel demand by offering cost-effective options, resulting in an upsurge in passenger numbers and subsequent service requirements. Further, the German Aviation Services Market held the largest market share, and the UK Aviation Services Market was the fastest-growing market in the European region


The Asia-Pacific Aviation Services Market is expected to grow at the fastest CAGR from 2023 to 2032. Numerous nations in the Asia-Pacific region are making substantial investments in aviation infrastructure, exemplified by initiatives such as airport construction and expansion. In June 2021, Varaha Infra Limited secured a contract from the Airports Authority of India for the development of a new greenfield airport in Gujarat, India. The Airports Council International's 2022 assessment underscores the Asia-Pacific region's considerable potential for aviation, revealing that 57% of the 300 planned airports globally are slated for development in this geographic area. This strategic infrastructure development bolsters the growth of the aviation services market by enhancing connectivity and streamlining the efficient movement of passengers and cargo. Moreover, China’s Aviation Services Market held the largest market share, and the Indian Aviation Services Market was the fastest-growing market in the Asia-Pacific region.


Aviation Services Market Key Market Players & Competitive Insights


Leading market players are investing heavily in research and development to expand their product lines, which will help the Aviation Services market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Aviation Services industry must offer cost-effective items.


Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Aviation Services industry to benefit clients and increase the market sector. In recent years, the Aviation Services industry has offered some of the most significant advantages to the global economy, facilitating seamless connectivity, efficient transportation of goods and people, and fostering international trade and tourism. Major players in the Aviation Services Market, including Hallmark, Sigma Aviation, Hawthorne, Sheltair, Complete Aircraft Group (CAG), GE Aerospace, ASAS, Primeflight, Saker Aviation, and Falcon Aviation are attempting to increase market demand by investing in research and development operations.


Complete Aircraft Group (CAG) operates as a leading global independent specialist solution provider, delivering high-quality aircraft tooling, parts, and components. Committed to cost reduction and providing superior support, the company stands as a reliable global supplier of aircraft tooling across major platforms. With a comprehensive inventory, CAG offers tailored solutions supporting engineering maintenance operations for commercial airlines and MROs. Headquartered in the UK, the company's global representatives ensure widespread support to operators and MRO providers across diverse aircraft types. Complete Aircraft Tooling (CAT) strategizes, provides, and procures straightforward solutions for aviation tooling equipment within the aviation industry. Meanwhile, Complete Aircraft Parts (CAP) serves as a global specialist dedicated to the procurement and delivery of high-quality recycled aircraft parts and components.


As a portfolio company under The Sterling Group and Capitol Meridian Partners, PrimeFlight Aviation Services leverages over two decades of expertise in the aviation services sector. Serving both commercial airlines and airports, the company provides a diverse range of services encompassing aircraft, passenger, and security domains. Based in Sugar Land, TX, PrimeFlight operates globally through subsidiaries like PrimeFlight Cargo, PrimeFlight GSE Maintenance, Prime Appearance, ProFlo Industries, Skytanking, and Aviation Cleaning Supply. Backed by a seasoned leadership team, PrimeFlight adopts a hands-on approach to strategic operations management. Emphasizing planning and leadership development, the company aims to solidify its position as a leading supplier in both commercial and general aviation industries.


Key companies in the Aviation Services Market include



Aviation Services Industry Developments


October 2022: In October 2022, Alaska Airlines finalized an order for 52 Boeing 737 MAX aircraft, outlining a strategic fleet expansion initiative. The airline communicated its intention to achieve an all-Boeing mainline fleet by the conclusion of 2023.


September 2022: In September 2022, Lockheed Martin disclosed the acquisition of a firm-fixed contract from the US Navy for the production of 12 Sikorsky MH-60R Seahawk helicopters designated for the Royal Australian Navy. The original equipment manufacturer (OEM) has outlined its delivery schedule for these 12 helicopters, aiming to complete the process between mid-2025 and mid-2026.


Aviation Services Market Segmentation


Aviation Services Market Type Outlook



  • Aircraft Management

  • Aircraft Maintenance

  • Ramp Services

  • Aircraft Rental

  • Passenger Services

  • Cargo Management

  • Aviation Training

  • Others


Aviation Services Market Application Outlook



  • Commercial Aviation

  • General Aviation

  • Military Aviation


Aviation Services Market Regional Outlook




  • North America


    • US

    • Canada




  • Europe


    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe




  • Asia-Pacific


    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

    • Rest of the World




  • Middle East


    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size 2022 USD XX Billion
Market Size 2023 USD XX Billion
Market Size 2032 USD XX Billion
Compound Annual Growth Rate (CAGR) 8.50% (2023-2032)
Base Year 2022
Market Forecast Period 2023-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Type, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Hallmark, Sigma Aviation, Hawthorne, Sheltair, Complete Aircraft Group (CAG), GE Aerospace, ASAS, Primeflight, Saker Aviation, Falcon Aviation
Key Market Opportunities The increasing focus on sustainability in aviation opens doors for the advancement and adoption of eco-friendly technologies and practices.
Key Market Dynamics ย Increased demand for air travel


Frequently Asked Questions (FAQ) :

The Aviation Services Market size was valued at USD XX Billion in 2022.

The Aviation Services Market is projected to grow at a CAGR of 8.50% during the forecast period, 2023-2032.

North America had the largest share of the global market

The key players in the market are Hallmark, Sigma Aviation, Hawthorne, Sheltair, Complete Aircraft Group (CAG), GE Aerospace, ASAS, Primeflight, Saker Aviation, Falcon Aviation

The Aircraft Management segment dominated the market in 2022.

The Commercial Aviation segment had the largest share in the global market.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.