The global average revenue per paying flight passenger (ARPU) was forecast to continuously decrease between 2024 and 2029 by in total 35.9 U.S. dollars (-6.08 percent). According to this forecast, in 2029, the indicator will have decreased for the sixth consecutive year to 554.5 U.S. dollars. Find other key market indicators concerning the revenue and number of users. The Statista Market Insights cover a broad range of additional markets.

As per Cognitive Market Research's latest published report, the Global Aircraft Management Service market size will be $1,058.65 Million by 2028. Aircraft Management Service Industry's Compound Annual Growth Rate will be 6.75% from 2023 to 2030.

The North America Aircraft Management Service market size is projected USD 312.25 Million by 2028.

Factors Affecting Aircraft Management Service market growth

Regulatory need for the aircraft services

The aircraft is one of the important transporting mediums when it comes to connecting people, cultures, and businesses across continents. The aircraft is also associated with several benefits, such as it offers a rapid worldwide transportation network. Moreover, economic growth and rapid urbanization in emerging countries, as rising business and tourism travels are also enhancing the demand for aircraft.

As the aircraft is associated with the life risk of millions of population travelling through aircraft and hence aircraft maintenance becomes very important parameter for the airline owner which cannot be compromised. The aircraft services includes several parameters on which aircrafts are inspected, reformatted and repaired to ensure the safety of passenger aboard on it.

Aircraft maintenance is highly regulated area in order to ensure optimum flight performance, passenger safety, extending the life of the aircraft and to eliminate flights failure. The aircraft owners also need to comply with international regulatory standards from FAA and ICAO which required the timely assessment of the aircraft that call for the need of aircraft services.

Aircraft maintenance services ensures facilities, equipment, systems and tools are stocked, maintained and safe to use. Owing to the implications of these services, it helps to reduce costs and increase productivity. In order to operate the aircraft business efficiently, the owners need to comply all the regulatory parameters for the services of aircraft. Hence, high regulatory needs for the aircraft services drives the growth of aircraft management services market.

Growth of cargo services in emerging markets

There is an upsurge in the digitization of systems in all the trades across the world. Online retailers rely on the air cargo service providers because of the speedy delivery they offer. Western industrial, consuming and logistics countries are looking forward to do large scale business with emerging markets. This is surging in the unforeseen collaborations between the East and West, North and South. This can be attributed because of the strong development of emerging markets. This will grow passages between Asia and Africa, between Asia and South America and within Asia. Gigantic amount of goods flows between Africa, Asia and South America with the support of North American and Western European means of transportation and logistics services.

In today's time, China hold strong position with significantly superior infrastructure followed by India due to ever increasing population and growing economies. As a result of all these developments taking place, new trade corridors results in re-chart of global supply chain. Trade volume has been shifted towards emerging markets. Hence, it has given huge passage of growth to air cargo services for logistics. Cargo charters plays vital role in enhancement of worldwide trade.

Air-freight volumes will increase by 3% a year on average until 2030. Further, e-commerce business has increased at a pace in the last 15 years and is expected to continue high growth. Additionally, cross border e-commerce, expanding quicker than overall online sales is expected to present a sizeable opportunity for aircraft cargo. Rapid economic growth in Asian markets will continue to lead annual air cargo growth, with China rapidly increasing its fleets of cargo planes and air freight volumes.

As the number of aircrafts increases, the requirement for the aircraft services is rising proportionally to maintain the efficient performance of aircraft. Hence, growth of cargo services in developed markets followed by developing regions boost the growth of aircraft management service market.

Restraints for Aircraft Management Service Market

Modernization and digitalized solution for aircraft (Access Detailed Analysis in the Full Report Version)

Opportunities for Aircraft Management Service Market

Expanding aviation services (Ac...

This statistic shows the average number of flight hours per aircraft flown by business aircraft worldwide between 2019 and 2021, broken down by industry and quarter. In the third quarter of 2021, each business aircraft in the construction sector flew an average of 21.7 hours, an increase from an average of 14.8 hours per aircraft flown in the third quarter of 2020.

Available on the internet only, this table is an expanded version of Table 1 that lists all city-pair markets in the contiguous United States that average at least 10 passengers each day. All records are aggregated as directionless city pair markets. All traffic traveling in both directions is added together. https://www.transportation.gov/policy/aviation-policy/competition-data-analysis/research-reports

In 2023, the estimated number of scheduled passengers boarded by the global airline industry amounted to approximately 4.5 billion people. This represents a significant increase compared to the previous year since the pandemic started and the positive trend was forecast to continue in 2024, with the scheduled passenger volume reaching just below five billion travelers. Airline passenger traffic The number of scheduled passengers handled by the global airline industry has increased in all but one of the last decade. Scheduled passengers refer to the number of passengers who have booked a flight with a commercial airline. Excluded are passengers on charter flights, whereby an entire plane is booked by a private group. In 2023, the Asia Pacific region had the highest share of airline passenger traffic, accounting for one third of the global total.

The US DOT through the Office of Aviation Analysis issues the Consumer Air Fare Report on a quarterly basis, which provides information about average prices being paid by consumers in the top 1,000 domestic city-pair markets in the continental United States. The source data is the US DOT Origin and Destination Survey.

The revenue of the aircraft seat market in Latin America and the Caribbean amounted to $X in 2017, coming down by -X% against the previous year. The market value increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations over the period under review. The most prominent rate of growth was recorded in 2016, with an increase of X% year-to-year.

Comparison of the average salary of State of Oklahoma employees and the market average salary beginning in fiscal year 2005.

The average airplanes and other aircraft export price stood at $816K per unit in June 2024, falling by -37.3% against the previous month.

The South Asian aircraft internal combustion engine market expanded notably to $897M in 2023, picking up by 5.5% against the previous year. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $937M in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

In 2021, the estimated average price per barrel of Brent crude oil in the aviation industry amounted to 69.6 euros. In that same year, airlines paid 19 percent of the total expenditure on fuel.

Graph and download economic data for Average Rate on 3-Month Negotiable Certificates of Deposit (Secondary Market), Quoted on an Investment Basis (DISCONTINUED) (H0RIFSPDCNSM03NA) from 1964 to 2013 about negotiable, CD, secondary market, 3-month, investment, average, interest rate, interest, rate, and USA.

Snapshot img

Commercial Aircraft Cabin Trash Compactors Market 2024-2028

The commercial aircraft cabin trash compactors market size is estimated to grow at a CAGR of 5.62% between 2023 and 2028. The market size is forecast to increase by USD 33.19 million. The growth of the market depends on several factors such as the growing demand for new commercial aircraft, the increasing air connectivity on regional routes, and the increasing need to recycle cabin waste.

The report includes a comprehensive outlook on the Commercial Aircraft Cabin Trash Compactors Market, offering forecasts for the industry segmented by Type, which comprises bio-degradable waste and non-biodegradable waste. Additionally, it categorizes Application into narrow body aircraft, wide body aircraft, and regional aircraft, and covers Geography regions, including APAC, North America, Europe, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.

What will be the size of the Commercial Aircraft Cabin Trash Compactors Market During the Forecast Period?

Commercial Aircraft Cabin Trash Compactors Market Forecast 2024-2028

To learn more about this report, Request Free Sample

Commercial Aircraft Cabin Trash Compactors Market Dynamic

Driver- Growing demand for new commercial aircraft

Integration of various national economies as a result of globalization, the growing frequency of air travel as a result of the growing middle-class population across the world owing to consistent economic development, and rapidly improving civil aviation infrastructure are driving the demand for commercial jets. As a result, global civil aviation traffic has increased along with a high average occupancy rate per aircraft, which, in turn, has increased the need for new commercial aircraft.

Moreover, civil passenger traffic is expected to double in the next 15 years across the globe, and APAC is expected to account for the majority of the incremental growth. Thus, the growing demand for new commercial aircraft is expected to drive the growth of global commercial aircraft cabin trash compactors market during the forecast period.

Trends- Leading aircraft equipment manufacturers engaging in merger and acquisition

Aircraft component manufacturers are acquiring peer companies to grow significantly. This is expected to increase the concentration ratio of the market and increase the bargaining power of manufacturers. For instance, in April 2020, Raytheon Technologies Corporation and United Technologies Corporation announced that their all-stock merger of equals deal had been completed successfully.

Furthermore, several other M&As are expected to take place in the next five years. In December 2021, for example, Safran SA entered into exclusive discussions to acquire Orolia, a global leader in resilient positioning, navigation, and timing. Such developments are likely to propel the growth of the global commercial aircraft cabin trash compactors market during the forecast period.

Challenge- Stringent regulations preventing sorting of cabin waste

Various countries have differing national catering waste guidelines. These guidelines, formed to control the handling of catering waste, restrict the recycling of catering waste from international flights. As per these regulations, the disposal of food and beverages from foreign countries is associated with the risk of spreading infection and contamination and may negatively impact the agriculture and livestock industry. Thus, these regulations compel airlines to incinerate their cabin waste.

For example, countries such as Australia, Canada, and New Zealand, which have a very advanced agricultural sector, witness strict controls on the disposal, reuse, and recycling of cabin waste. Several governments across the world have adopted the International Catering Waste (ICW) legislation, which restricts several airlines from cabin waste recycling, thereby limiting the growth of the market during the forecast period.

Commercial Aircraft Cabin Trash Compactors Market Segmentation by Type, Application, Geography

Type Segment Analysis:

The bio-degradable waste segment will account for a major share of the market's growth during the forecast period.? Bio-degradable waste in the market includes of catering waste like inflight meals, snacks, and beverages served to passengers and can consist of leftover food, drinks, newspapers, paper towels, and food dropped on the floor, among others. The bio-degradable waste segment is expected to grow due to an increase in air passenger traffic globally, a rising trend of airline meal ordering, and growing expectations among air passengers. Factors such as people's growing disposable income and their increasing preference for air travel have significantly increased the total pas

Ten years of daily data for the Dow Jones Industrial Average (DJIA) market index. Each point of the dataset is represented by the daily closing price for the DJIA. Historical data can be downloaded via the red button on the upper right corner of the chart.

United States Avg Days on Market: Single-Family: Nassau County, NY data was reported at 57.000 Day in Jul 2020. This records an increase from the previous number of 51.000 Day for Jun 2020. United States Avg Days on Market: Single-Family: Nassau County, NY data is updated monthly, averaging 67.500 Day from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 141.000 Day in Mar 2012 and a record low of 36.000 Day in Jul 2018. United States Avg Days on Market: Single-Family: Nassau County, NY data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB006: Average Days on Market: by Metropolitan Areas.

United States Avg Days on Market: sa: All Residential: Batesville, AR data was reported at 107.880 Day in Jun 2020. This records a decrease from the previous number of 111.652 Day for May 2020. United States Avg Days on Market: sa: All Residential: Batesville, AR data is updated monthly, averaging 182.933 Day from Feb 2012 (Median) to Jun 2020, with 101 observations. The data reached an all-time high of 443.584 Day in Mar 2015 and a record low of 45.968 Day in Oct 2015. United States Avg Days on Market: sa: All Residential: Batesville, AR data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB007: Average Days on Market: by Metropolitan Areas: Seasonally Adjusted.

This statistic presents the average revenue per user (ARPU) in the Flights market in Italy in 2017, and provides a forecast thereof until 2025. The ARPU in the Flights market in Italy is expected to increase to 843.7 U.S. dollars in 2025. An overview of all Mobility Markets can be found here.Statista’s Mobility Market Outlook presents the key figures from the world of automotive and mobility – sales, revenues, prices, and brands. Alongside revenue forecasts for 150 countries worldwide, Statista offers additional insights into consumer trends and demographic structure of mobility markets.

Graph and download economic data for Market Hotness: Median Days on Market in District of Columbia, DC (MEDAONMAYYCOUNTY11001) from Aug 2017 to Jan 2025 about DC, Washington, MD, WV, VA, median, and USA.

Graph and download economic data for Housing Inventory: Median Days on Market in Idaho (MEDDAYONMARID) from Jul 2016 to Feb 2025 about ID, median, and USA.

Graph and download economic data for Market Hotness: Median Days on Market in Jacksonville, FL (CBSA) (MEDAONMAYYMSA27260) from Aug 2017 to Feb 2025 about Jacksonville, FL, median, and USA.