Asia Pacific Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered (Hangaring, Fuelling, Flight Training, Aircraft Maintenance, Aircraft Rental) and Application (Business Aviation and Leisure Aviation)
The Asia Pacific fixed-base operator market is expected to grow from US$ 5,127.12 million in 2022 to US$ 8,401.26 million by 2028. It is estimated to grow at a CAGR of 8.6% from 2022 to 2028.
High Potential for FBOs in Asia Pacific to Provide Significant Opportunities for the Growth of the Asia Pacific Fixed-Base Operator Market
The overall FBO market in Asia Pacific 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 Asia Pacific fixed-base operator market is observing decent growth in the Southeast countries such as Indonesia, Singapore, and Macau. The general aviation sector in Asia Pacific 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 Asia Pacific is emerging as one of the significant opportunities for the growth of the Asia Pacific fixed-base operator market players.
Asia Pacific Fixed-Base Operator Market Overview
China, India, Japan, Australia, and Malaysia are among the key countries in the Asia Pacific fixed-base operator market. 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 Asia Pacific 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 FBOs is rising strongly in the region. Irrespective of the slow overall growth in Asia, the Asia Pacific 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 growth of the Asia Pacific fixed-base operator market in the region. Moreover, unlike North America and Europe, Asia Pacific has a smaller number of FBOs. In Asia Pacific, 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 Asia Pacific 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 and FBO services. The recent COVID-19 outbreak, and the ensuing lockdowns have compelled several general aviation aircraft operators in the region to ground their aircraft fleet. This is driving the demand for demand for fixed-base operators services for the grounded aircraft, as the airline must maintain the airworthiness of their aircraft fleets. However, the gradual reopening of borders is anticipated to propel the performance of business and leisure aviation industries, nonetheless, will eventually highlight the lagging in the Asian countries development for fixed-based operators and other services so that private jet fliers increase globally.
Asia Pacific Fixed-Base Operator Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Fixed-base operator market Segmentation
The Asia Pacific fixed-base operator market is segmented into services offered, application, and country.
Based on services offered, the Asia Pacific Fixed-base operator market is segmented into hangaring, fuelling, flight training, aircraft maintenance, aircraft rental. In 2022, the fuelling segment registered a largest share in the Asia Pacific Fixed-base operator market.
Based on application, the Asia Pacific Fixed-base operator market is bifurcated into Business aviation and leisure aviation. In 2022, the Business aviation segment registered a larger share in the Asia Pacific fixed-base operator market.
Based on country, the Asia Pacific fixed-base operator market is segmented into Australia, China, India, Japan, Malaysia, and the Rest of Asia Pacific. In 2022, Australia segment registered a largest share in the Asia Pacific Fixed-base operator market.
DEER JET CO. LTD.; dnata Corporation; ExecuJet Aviation Group AG; General Dynamics Corporation; Jetex; Luxaviation; Signature Aviation; Swissport; and Universal Weather and Aviation, Inc. are the leading companies operating in the Asia Pacific fixed-base operator market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Fixed-Base Operator Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threats to New Entrants
4.2.4 Threats to Substitute
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. Asia Pacific Fixed-Base Operator – Market Dynamics
5.1 Market Driver
5.1.1 Growth of Business Aviation Sector
5.1.2 Fuelling Services Contribute Significantly to FBO Service Business
5.2 Market Restraint
5.2.1 Staffing Shortages and High Operational Costs
5.3 Market Opportunity
5.3.1 High Potential for FBOs in Asia Pacific
5.4 Trends
5.4.1 Escalating Demand for Hangaring Services for Large Aircraft
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Fixed-Base Operator Market – Asia Pacific Market Analysis
6.1 Asia Pacific Fixed-Base Operator Market Overview
6.2 Asia Pacific Fixed-Base Operator Market Revenue Forecast and Analysis
7. Asia Pacific Fixed-Base Operator Market Analysis – by Services Offered
7.1 Overview
7.2 Asia Pacific Fixed-Base Operator Market, by Services Offered (2021 and 2028)
7.3 Hangaring
7.3.1 Overview
7.3.2 Hangaring: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Fuelling
7.4.1 Overview
7.4.2 Fuelling: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Flight Instructions
7.5.1 Overview
7.5.2 Flight Instructions: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Aircraft Maintenance
7.6.1 Overview
7.6.2 Aircraft Maintenance: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Aircraft Rental
7.7.1 Overview
7.7.2 Aircraft Rental: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Fixed-Base Operator Market – by Application
8.1 Overview
8.2 Asia Pacific Fixed-Base Operator Market, by Application (2021 and 2028)
8.3 Business Aviation
8.3.1 Overview
8.3.2 Business Aviation: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Leisure Aviation
8.4.1 Overview
8.4.2 Leisure Aviation: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Fixed-Base Operator Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific: Fixed-Base Operator Market – by Key Country
9.1.1.1 Australia: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Fixed-Base Operator Market – by Services Offered
9.1.1.1.2 Australia: Fixed-Base Operator Market – by Application
9.1.1.2 China: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Fixed-Base Operator Market – by Services Offered
9.1.1.2.2 China: Fixed-Base Operator Market – by Application
9.1.1.3 India: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Fixed-Base Operator Market – by Services Offered
9.1.1.3.2 India: Fixed-Base Operator Market – by Application
9.1.1.4 Japan: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Fixed-Base Operator Market – by Services Offered
9.1.1.4.2 Japan: Fixed-Base Operator Market – by Application
9.1.1.5 Malaysia: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Malaysia: Fixed-Base Operator Market – by Services Offered
9.1.1.5.2 Malaysia: Fixed-Base Operator Market – by Application
9.1.1.6 Rest of Asia Pacific: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Fixed-Base Operator Market – by Services Offered
9.1.1.6.2 Rest of Asia Pacific: Fixed-Base Operator Market – by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Company Profiles
11.1 DEER JET CO. LTD.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 dnata Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 General Dynamics Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Jetex
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Luxaviation
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Signature Aviation
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Swissport
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 ExecuJet Aviation Group AG
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Universal Weather and Aviation, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Fixed-Base Operator Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. China: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 5. China: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 10. Malaysia: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 11. Malaysia: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific: Fixed-Base Operator Market – by Services Offered –Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific: Fixed-Base Operator Market – by Application –Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Fixed-Base Operator Market Segmentation
Figure 2. Asia Pacific Fixed-Base Operator Market Segmentation – By Country
Figure 3. Asia Pacific Fixed-Base Operator Market Overview
Figure 4. Asia Pacific Fixed-Base Operator Market, by Services Offered
Figure 5. Asia Pacific Fixed-Base Operator Market, by Application
Figure 6. Asia Pacific Fixed-Base Operator Market, By Country
Figure 7. Asia Pacific Fixed-Base Operator Market – Porter’s Five Forces Analysis
Figure 8. Asia Pacific Fixed-Base Operator Market: Ecosystem Analysis
Figure 9. Asia Pacific Fixed-Base Operator Market: Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Fixed-Base Operator Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Asia Pacific Fixed-Base Operator Market Revenue Share, by Services Offered (2021 and 2028)
Figure 12. Hangaring: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Fuelling: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Flight Instructions: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Aircraft Maintenance: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Aircraft Rental: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Fixed-Base Operator Market Revenue Share, by Application (2021 and 2028)
Figure 18. Business Aviation: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Leisure Aviation: Asia Pacific Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific: Fixed-Base Operator Market, by Key Country - Revenue (2021) (US$ Million)
Figure 21. Asia Pacific: Fixed-Base Operator Market Revenue Share, by Key Country (2021 and 2028)
Figure 22. Australia: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. China: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. India: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Japan: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Malaysia: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of Asia Pacific: Fixed-Base Operator Market – Revenue and Forecast to 2028 (US$ Million)
- DEER JET CO. LTD.
- dnata Corporation
- ExecuJet Aviation Group AG
- General Dynamics Corporation
- Jetex
- Luxaviation
- Signature Aviation
- Swissport
- Universal Weather and Aviation, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific fixed-base operator market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific fixed-base operator market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the fixed-base operator market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution