Air Transport USM Global Market Report 2024

The air transport usm market size has grown strongly in recent years. It will grow from $5.34 billion in 2023 to $5.68 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth observed in the historical period can be attributed to several factors, including an aging aircraft fleet, the pursuit of cost-efficiency in aviation operations, adherence to stringent regulatory standards, the global expansion of air travel, and the implementation of sustainability initiatives within the aviation industry.

The air transport usm market size is expected to see strong growth in the next few years. It will grow to $7.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the upcoming period is expected to be driven by increased demand for aircraft maintenance services, the continued expansion of low-cost airlines, the adoption of circular economy principles within aviation, market expansion efforts in emerging regions, and the industry's resilience during the post-pandemic recovery phase. Noteworthy trends foreseen during this period encompass the development of on-demand USM (Used Serviceable Material) marketplaces, the integration of artificial intelligence (AI) for optimizing inventory, the implementation of remote diagnostics and maintenance support, a heightened focus on regulatory compliance, as well as increased collaborations and partnerships.

The anticipated surge in the number of air passengers is set to significantly drive the growth of the air transport Used Serviceable Material (USM) market. An air passenger refers to individuals or businesses primarily engaged in transporting people via aircraft in interstate commerce. As air traffic volumes escalate, the upkeep and maintenance of aircraft through regular repairs and component rebuilds become increasingly crucial. For instance, in March 2022, the International Air Transport Association (IATA), a Canada-based association supporting airline operations, projected a global count of 4.0 billion passengers by 2024 (considering multi-sector connecting flights as a single passenger), marking a return to pre-COVID-19 levels. The projections indicate a gradual increase in the total number of travelers, with an estimated 83% in 2021, followed by 94% in 2022, 103% in 2023, 111% in 2024, and 111% in 2025 compared to pre-pandemic levels. This surge in air passenger volumes is serving as a primary catalyst propelling the expansion of the air transport USM market. As airlines strive to meet the demand for safe and efficient travel, the need for quality used serviceable materials for aircraft maintenance and repairs is on the rise, driving the growth trajectory of this market segment.

The burgeoning expansion of e-commerce is anticipated to serve as a significant catalyst in propelling the growth of the air transport Used Serviceable Material (USM) market in the foreseeable future. E-commerce, denoting the online buying and selling of goods and services, plays a pivotal role by facilitating efficient supply chain management for air transport USM. This contributes to optimization efforts by ensuring a sustainable stream of cost-effective and dependable components crucial for aircraft maintenance and repair. As reported by the United States Census Bureau in August 2023, the estimate for e-commerce in the second quarter of 2023 surged by 7.5% (or 1.4%) compared to the same period in 2022, while overall retail sales witnessed a 0.6% increase (or 0.4%). Notably, online stores accounted for 15.4% of all sales in the second quarter of 2023. Hence, the expanding reach of e-commerce stands as a pivotal driver fueling the growth trajectory of the air transport USM market.

Strategic partnerships emerge as a pivotal trend within the aircraft transport Used Serviceable Material (USM) market, as major industry players forge alliances to capitalize on mutual resources and amplify their market presence. An illustration of this trend is evident in the partnership established in June 2021 between Pratt & Whitney CSA, a prominent US-based manufacturer of aircraft and helicopter engines, and Next Level Aviation. This strategic collaboration focuses on the distribution of USM specifically tailored for aircraft engines. Notably, this partnership serves to bolster Next Level Aviation's standing as a premier global supplier of USM, significantly supporting various aircraft platforms and associated jet engines affiliated with industry leaders such as Boeing and Airbus. Next Level Aviation, a US-based entity specializing in the distribution of used serviceable materials, is strategically positioned to leverage this partnership to further its prominence in the market segment.

Key players within the air transport Used Serviceable Material (USM) market are strategically prioritizing the introduction of advanced solutions, notably focusing on Used Serviceable Material (USM) businesses, to gain a competitive advantage. USM businesses represent high-quality aerospace equipment, comprising reliable parts sourced from Original Equipment Manufacturers (OEMs) and out-of-production aerospace components tailored for utilization within the aviation industry. A case in point is the launch of SkyParts Global by L3Harris Technologies Inc., a renowned US-based aerospace and defense company, in October 2023. SkyParts Global stands as a USM business entity that offers direct access to a comprehensive range of aerospace equipment. This initiative provides viable material catering to various components such as traffic collision avoidance systems, recorders, and transponder units tailored for business aviation, air transport, helicopters, and general aviation aircraft. Leveraging Original Equipment Manufacturer (OEM) capabilities, SkyParts Global focuses on addressing specific part requirements and extends engineering support to ensure the provision of high-quality, reliable components essential for the aviation sector's operational needs.


In July 2022, Satair, a Denmark-headquartered company specializing in aircraft components and services, completed the acquisition of VAS Aero Services for an undisclosed sum. This strategic move was aimed at integrating VAS Aero Services' expertise in handling engine and multi-fleet Used Serviceable Material (USM) goods. This strategic capability aligns with Satair's expansion strategy within this market segment, complementing its existing strengths. VAS Aero Services, a US-based firm, specializes in the air transport of used serviceable material (USM).

Major companies operating in the air transport usm market report are HNA Group Co. Ltd., Raytheon Technologies Corporation, Boeing Company, Delta Air Lines, Singapore Technologies Engineering Ltd., Fanuc Corp., Lufthansa Technik AG, MTU Aero Engines AG, AirLiance Materials LLC, HEICO Corporation, Triumph Group, VSE Aviation Inc., GA Telesis LLC, Aviation Technical Services Inc., AerSale Inc., Unical Aviation Inc., AJW Group, Magnetic Group, TurbineAero Inc., Precision Aircraft Solutions, AAR Corporation, TES Aviation Group, A J Walter Aviation Limited, Liebherr Group, Air France Industries and KLM Engineering & Maintenance, Satair Inc., Wencor Group, WABNET GmbH, Aircraft Inventory, Avtrade Ltd.

Asia-Pacific was the largest region in the air transport USM market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global air transport USM market during the forecast period. The regions covered in the air transport usm market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the air transport usm market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary offerings within the domain of Air Transport Used Serviceable Material (USM) encompass engines, components, and airframes. An engine, being a device that converts fuel energy into mechanical energy, generates momentum based on its condition and remaining value. Retired engines are repurposed for use in operational aircraft, serving the purpose of transforming fuel energy into mechanical energy. The range of aircraft types includes narrow-body, wide-body, turboprop, and regional aircraft, with usage extending across both original equipment manufacturers (OEM) and the aftermarket segment within the aviation industry.

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The air transport USM market consists of sales of discarded and dismantled aircraft components. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.