Data Bridge Market Research analyses that the aviation asset management market would exhibit a CAGR of 5.88% for the forecast period. Rising application of aviation asset management by a wide range of end user verticals such as airline operators, leasing companies, cargo operators, maintenance, repair and overhaul [MRO] services, and commercial platforms, increasing development of new and advanced aircraft models and overall growth and expansion of aviation industry are the two major factors attributable to the growth of aviation asset management market. This signifies that, the global aviation asset management market would stand tall by USD 358.07 billion by the year 2028.

Aviation asset management is a kind of consulting service provided to several financial institutes, leasing companies, and aircraft operators. Aviation asset management is a service that offers end-to-end life cycle management services. This is done with the help of surveys of leased aircrafts. Aviation asset management also involves the auditing of maintenance documents.

Increasing air traffic owing to the ever rising commuters has resulted in growth in the aviation asset management market value. Rising focus on the development of domestic civil aviation especially in the emerging economies and growth in the procurement of technologically advanced aircrafts will also create lucrative growth opportunities for the aviation asset management market. Upsurge in the growth of retrofit and after markets will also foster the aviation asset management market growth.