Fixed-Base Operator Market Size & Share | Global Report 2028

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)

  • Report Code : TIPRE00020706
  • Category : Aerospace and Defense
  • Status : Published
  • No. of Pages : 151
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The global fixed-base operator market is expected to grow from US$ 25,194.55 million in 2022 to US$ 37,177.46 million by 2028; it is estimated to grow at a CAGR of 6.7% from 2022 to 2028.

The overall fixed-base operator market size 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 slight growth in the Southeast countries such as Indonesia, Singapore, and Macau. The presence of huge middle-class population with a wide range of income levels, coupled with a surge in the spending power of this population, is influencing the private aviation industry, specifically in the Southeast Asia. The aviation industry is growing in dynamically in the region, especially in developing economies, however, the fixed-base operator market is witnessing slow growth in the region. The key reason behind slow growth rate of FBOs in the region is the lack of business aviation infrastructure in China, India, Japan, and Malaysia. However, in the recent years, these countries are observing steady rise in business aviation, owing to which the number of fixed-base operator market players are rising strongly in the region.

Irrespective of the slow overall growth in Asia, the fixed-base operator market is rising at a notable pace in the Southeast Asia, especially in Indonesia, Singapore, Macau, and Hong Kong, among others. The immaturity of business and presence of the private aviation sector are the two key factors limiting the fixed-base operator market growth in the region. Moreover, unlike North America and Europe, APAC has a smaller number of FBOs. In APAC, the highest number of FBOs are present in Australia, i.e., 23 facilities, with business aviation fleet of ~200 aircraft. Furthermore, the corporates have emerged as passionate users of business jets across the region; thus, the rising demand is likely to boost the business aviation industry growth in the coming years. Therefore, the fixed-base operator market players are introducing attractive membership schemes and are easily availing chartered services by using advanced technologies through online platforms, thereby making charter services more accessible to the people, which is driving the procurement of new business jets thereby catalyzing the fixed-base operator market size.

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Fixed-Base Operator Market: Strategic Insights

Market Size Value inUS$ 25,194.55 Million in 2022
Market Size Value byUS$ 37,177.46 Million by 2028
Growth rateCAGR of 6.7% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Impact of COVID-19 Pandemic on Fixed-Base Operator Market Growth

The COVID-19 outbreak has significantly affected the world and is continuing to shatter several countries. Until the outbreak, the aviation industry was experiencing substantial growth worldwide. However, the outbreak of the novel coronavirus has been reflecting notable decline in the adoption of aviation-based services, such as fixed-base operators. Containment measures such as lockdown, business shutdown, and travel restriction disrupted the supply chain of fixed-base operators, 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.

Lucrative Regions for Fixed-Base Operator Providers

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Fixed-Base Operator Market Insights

Growth of Business Aviation Sector

The increasing number of individuals with ultrahigh net worth in developing regions is a one of the key factors boosting the business of the global aviation sector. With its large population and wealth, APAC region is in a good position to quickly tackle flexibility issues to empower efficient business travel. Organizations such as ASEAN and APEC are synergistically working with the International Business Aviation Council (IBAC), the International Civil Aviation Organization (ICAO), and the Asian Business Aviation Association (AsBAA) for improving transportation regulations to implement efficient solutions. Business jet deliveries in China witnessed a decline due to poor domestic growth and poor business confidence in business jets. Despite the low demand for domestic business jets, various companies in China are confident of having new aircraft deliveries since the country is one of the main markets for the business jet in the region.

Service Offered -Based Market Insights

Based on Service Offered, the fixed-base operator market can be segmented into hangaring, fuelling, flight instructions, aircraft maintenance, and aircraft rental. The substantial growth in ultra-high-net-worth individuals and high-net-worth individuals worldwide. Thus, boosting the demand for private travel, consequently driving the procurement of private jets with enhanced cabin interiors. Therefore, the fixed-base operators are focusing on providing the most efficient services both to the travelers as well as aircraft owners.

Application – Based Market Insights

Based on application, the fixed-base operator market is segmented into business aviation and leisure aviation. The rising demand of enhanced and efficient safety while traveling with all luxury services is creating huge opportunity for the fixed-base operator to offer these services to the aircraft owners. Moreover, the boosting business aviation globally is supporting the growth of fixed-base operator market worldwide.

Fixed-Base Operator Market, by Services Offered – 2022 and 2028

Fixed-Base Operator Market, by Services Offered – 2022 and 2028
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The players operating in the fixed-base operator market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In 2022, Jetex announced that it has signed an agreement with Avia Solutions Group to operate the FBO at Hangar 510 at Biggin Hill Airport (EGKB/BQH).
  • In 2021, Atlantic Aviation FBO Inc. had constructed a new 25,000 square foot hangar at its fixed base operation at Chicago Executive Airport (PWK)
  • In 2021, Jet Aviation, a part of General Dynamics Corp., has acquired ExecuJet’s Zurich FBO and Hangar operations and Luxaviation’s Swiss Aircraft Management and Charter Divisions. This acquisition adds second FBO terminal, two private ramps and two hangars to the company’s presence in Zurich, and 17 aircrafts to its European fleet.
  • In 2021, Signature Aviation shifted to new Fixed Base Operator facility at Baton Rouge Metropolitan Airport. According to the company, the transition to Los Angeles would prove to be highly beneficial for the company in the coming years.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Services Offered, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Malaysia, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What will be the market size of fixed-base operator market by 2028?

The market size of fixed-base operator market by 2028 will be around US$ 37,177.46 million

What is the incremental growth of the fixed-base operator market during the forecast period?

The fixed-base operator market is expected to register an incremental growth value of US$ 11,982.91 million during the forecast period.

Which are the key players holding the major market share of fixed-base operator market?

Signature Aviation, Universal Aviation, Swissport, Jet Aviation, and JetEx are the key market players expected to hold a major market share of fixed-base operator market in 2022

Which countries are registering a high growth rate during the forecast period?

Canada, France, and Japan are expected to register high growth rate during the forecast period

Which is the leading services offered segment in the fixed-base operator market?

Fuelling segment holds a major market share of fixed-base operator market in 2022

What is the estimated market size for the fixed-base operator market in 2022?

The estimated market size for the fixed-base operator market in 2022 is expected to be around US$ 25,194.55 million

What are the driving factors impacting the fixed-base operator market?

1. Growth in business aviation sector
2. Fuelling Services contribute significantly to FBO services

What is the future trend in the fixed-base operator market?

Escalating demand for hangaring services for large aircraft

The List of Companies - Fixed-Base Operator Market

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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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