Used Aircraft Market Size to grow by USD 1810.5 million between 2024-2028
According to a research report “ Used Aircraft Market” by Product (0-15 years, 16-30 years, More than 30 years) Application (Civil aviation, Military aviation, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 1810.5 million, at a CAGR of 8.09% during the forecast period. The used aircraft market is experiencing significant expansion due to the burgeoning low-cost carrier sector. Over the past decade, the proliferation of low-cost airlines has been a primary growth driver, fueled by increasing global air passenger traffic and escalating demand for affordable air travel. Factors such as economic growth, ease of travel, the expanding travel and tourism industry, urbanization, evolving lifestyles, and the growing buying power of the middle class have all contributed to this trend. Additionally, the high penetration of the Internet has facilitated the booking of low-cost, non-stop, and regular flights, further bolstering market growth..
Browse market data tables, figures, and in-depth TOC on “Used Aircraft Market” by Product (0-15 years, 16-30 years, More than 30 years) Application (Civil aviation, Military aviation, Others) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample
By Product, the 0-15 years segment is projected to dominate the market size in 2024
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By Application, Civil aviation segment is expected to hold the largest market size for the year 2024
In the dynamic and complex used aircraft market, I provide expert insights and analysis to help businesses make informed decisions. Leveraging comprehensive market research and industry knowledge, I assess current trends, pricing, and demand patterns to optimize aircraft acquisitions and sales strategies. By delivering accurate and timely information, I enable clients to maximize value and minimize risk in their aviation investments.
North America is forecasted to hold the largest market size by region in 2024
In the dynamic and complex used aircraft market, I provide expert insights and analysis to help businesses make informed decisions. Leveraging comprehensive market research and industry knowledge, I assess current trends, valuations, and demand patterns to optimize purchasing or selling strategies. By staying abreast of regulatory changes and market fluctuations, I deliver valuable intelligence to enhance your business's competitive edge.
The Used Aircraft Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The used aircraft market in Commercial Aviation has experienced significant fluctuations due to various economic conditions. In 2020, aircraft deliveries from Original Equipment Manufacturers (OEMs) saw a decline due to the pandemic's impact on airline cash flows and flight activity. However, the demand for used aircraft remained robust, driven by the need for fuel-efficient options and the increase in air passenger traffic, especially from cross-border travelers and tourism. The market for used commercial aircraft includes a wide range of aircraft types, from regional jets to cargo freighters. System integrators and engine technology advancements have made older aircraft more attractive to commercial operators, private citizens, individual buyers, leasing organizations, and aircraft brokers. E-commerce growth has also fueled demand for cargo aircraft. Fuel efficiency and range continue to be critical factors in the used aircraft market. As a result, fuel-efficient options like the Boeing 737 MAX and Airbus A320neo family have gained popularity. The market for used freighters has also seen growth due to the increasing demand for cargo transportation. Overall, the used aircraft market is expected to remain dynamic, driven by economic conditions, airline cash flows, and the evolving needs of commercial operators and individual buyers.
Market Research Overview
The used aircraft market is a dynamic and complex sector in the aviation industry, involving various stakeholders such as airline companies, OEMs, MRO technicians, aviation regulations, and individual buyers. This market is influenced by various factors, including cybersecurity risks, environmental and safety regulations, global air traffic, power distribution, and flight management systems. Encryption algorithms and blockchain technologies are increasingly being used to secure data in the aviation industry, addressing cybersecurity risks. Defense strategies against security threats include regular software updates, firewalls, and multi-factor authentication. Environmental and safety regulations continue to evolve, impacting the used aircraft market. For instance, the range and fuel efficiency of aircraft are crucial factors in the economic conditions that influence aircraft deliveries and airline cash flows. The aviation industry, including the air transport industry, leisure sector, and business sector, is influenced by passenger load factor, airline companies, and economic conditions. Used aircraft play a significant role in this industry, with freighters and cargo aircraft also contributing to e-commerce and tourism. Fuel-efficient options, such as regional jets and commercial operators, are popular choices for airlines and private citizens. Used aircraft brokers and leasing organizations facilitate transactions between sellers and buyers. System integrators and engine technology companies also contribute to the used aircraft market by providing maintenance, repair, and overhaul services. Overall, the used aircraft market is a critical component of the commercial aviation sector, with ongoing trends and challenges shaping its future.
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Email: media@technavio.com
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