May 11TH,2022/IndustryNewsGlobal/ -- This new report from Stratview Research analyses the Air Transport USM over the trend period from 2014 to 2019 and forecast period from 2022 to 2027. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Air Transport USM Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Air Transport USM is no different. Derived from the previous market scenario, the aircraft USM market is likely to grow at a promising CAGR of 4.1% in the long run to reach US$ 9.5 Billion in 2027.
Key Players:
The Air Transport USM is segmented by–
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Regional analysis:
In terms of regions, Asia-Pacific is expected to remain the largest market for aircraft USMs during the forecast period, owing to its largest fleet size. Emerging economies in Asia have seen the fastest fleet expansion for several years, which will eventually make the region a market leader. North America is also likely to create sizeable opportunities in the coming five years, driven by the macroeconomic recovery that will affect both, leisure and business travel markets.
About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.
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The aircraft USM market is estimated to grow at a CAGR of 4.1% by 2027, owing to better opportunities for the operators and maintainers to obtain the parts and supply in the marketplace.
Asia-Pacific is estimated to remain dominant in the aircraft USM market in the foreseen future, due to the increasing number of retired aircraft.