The global fixed-base operator market is expected to reach at US$ 37,177.46 million by 2028; registering at a CAGR of 6.7% from 2022 to 2028, according to a new research study conducted by The Insight Partners.
Growth of Business Aviation Sector to Provide Growth Opportunities for Fixed-Base Operator Market during 2022–2028
The increasing number of individuals with ultrahigh net worth in developing regions is a one of the demand for business jets in other parts of the world is increasingly high due to mounting international trade and businesses, and surge in corporate travel activities, especially including managerial executives. According to the General Aviation Manufacturers Association (GAMA), the business jet manufacturers delivered 809, 644, and 710 aircraft in 2019, 2020, and 2021 respectively, and the production and delivery of business jets are further expected to grow in the coming years. Thus, the growth of the business aviation sector due to rising demand for business jets is bolstering the fixed-base operator market growth.
Fixed-Base Operator Market — by Geography
Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Services Offered (Hangaring, Fuelling, Flight Training, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviation)
Fixed-Base Operator Market Size & Share | Global Report 2028
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Source: The Insight Partners Analysis
The fixed-base operators offer a diversified range of services such as hangaring, fuelling, flight instructions, aircraft maintenance, and aircraft rental. The fixed-base operator market size is led by the fuelling segment in 2021. Airports across the world offer fuelling services for AVGAS piston engine aircraft and/or Jet Fuel turbine-powered aircraft is accessible at virtually all FBO facilities. The fuelling services involve selling fuel to plane owners as well as offering them places to park their planes. The FBOs often recruit ground crew and mechanics as well as employ flight planning and baggage-assistance teams and facilities, among others.
The overall FBO market in APAC is witnessing slow growth as compared to other regions such as North America and Europe, which is mainly attributed to the presence of a smaller number of business as well as private jets across the region. The fixed-base operator market is observing decent growth in the Southeast countries such as Indonesia, Singapore, and Macau. The general aviation sector in APAC is expected to rise during the forecast period, which is also demanding the FBO service provider to offers enhanced services to the traveler. Currently, there are total 72 FBOs operating in Asia Pacific countries; of these, 23 are operating in Australia and serve a business aviation fleet of ~200 aircraft. The FBOs in Hong Kong operate with ~122 business jets. Tag Aviation has expanded its footprint in Macau in 2020, and it was the very first company to officially open its office in the region. Similarly, as per the survey conducted by the Aviation International News (AIN), in 2020, MJets FBO topped the list of FBOs operating in Asia Pacific, and it ranked seventh among the world’s top FBOs for the for fifth consecutive year. MJets operates in Thailand for only Private Jet Terminal and has its FBO facility at Bangkok’s Don Mueang International Airport. Thus, slow but promising increase in the number of FBOs in APAC is emerging as one of the significant opportunities for the growth of the fixed-base operator market players.
The global fixed-base operator market size is segmented on the bases of service offered, application, and geography. Based on service offered, the market is segmented into hangaring, fueling, flight instructions, aircraft maintenance, and aircraft rental. Based on application, the fixed-base operator market is segmented into business aviation and leisure aviation. In terms of geography, the global fixed-base operator market is segmented into five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa, and South America (SAM).
Impact of COVID-19 Pandemic on Fixed-Base Operator Market Growth
The COVID-19 outbreak is adversely affecting the world and is continuing to shatter several countries. Containment measures such as lockdown, business shutdown, and travel restriction disrupted the supply chain in the fixed-base operator market, leading to the decline in revenues among the service providers. Moreover, the restriction on travel activities in many countries impaired the adoption of fixed-base operator from demand side in 2020, and so far, 2021. However, as trading activities picked pace from the last quarter of 2020, market players are experiencing decent growth in demand from end users of fixed-base operators.
Avemex SA De CV; Deer Jet; dnata Corporation; Jet Aviation (a subsidiary of General Dynamics Corporation); Jetex; Luxaviation; Signature Aviation; Swissport International AG; ExecuJet; Atlantic Aviation; Universal Aviation; and Abilene Aero Inc. are among the major fixed-base operator market players.
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