What is Fixed-base Operators (FBO) Market Scope?
An entity that has acquired permission from the airport to offer air navigation services, such as fuel, hangar and parking, aircraft rental, aircraft repair, flying training, and comparable services, is known as a fixed-base operator (FBO). A public airport's general boundaries, the site where the airport is leased out, and, in rare cases, a property that is a "pass-through the fence operation" are all served primarily by an FBO. The municipality itself may supply fuel, upkeep, and management of a simple FBO setup in many tiny airports and general aviation services like in distant or poor towns. Owing to the impact of the COVID-19 pandemic, the rise in fuel prices, and the decline in the number of flights in 2020 and so far, 2021 showcased a significant negative impact on the market globally. The constant decrease in the aviation market globally due to this pandemic has made several FBOs cut their operational costs and lay off employees.
A new general aviation aircraft fleet with more seats is required due to the steadily increasing general aviation air traffic.
Market Growth Drivers:
the expansion of airport infrastructure worldwide and the increasing demand for private and business aircraft, including both small and large ones
The recent price volatility for fuel
A tight labor market is a result of the growing staff shortage difficulties and the low overall unemployment rates. and The lacking competent professionals
During the forecast period, it is anticipated that the number of passengers flying across the world will rise by an average of roughly 3% to 4%. This is due to the expanding fleet of big general aviation aircraft.
The Fixed-base Operators (FBO) market study is being classified by Type (Parking, Air taxi and air charter operations, Line services, Passenger services, Repair and maintenance, Customs and Others), by Application and major geographies with country level break-up.
Signature Flight Support, AFM Aviasi, Hawker Pacific, Qantas, Airflite International, Paragon Aviation Group, TAG Farnborough, Jetex, Dassault, Wira, Monadnock Aviation Inc. and Atlantic Aviation Services, Inc. are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Fixed-base Operators (FBO) market by Type, Application and Region.
On the basis of geography, the market of Fixed-base Operators (FBO) has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region hold largest market share in the year 2022. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Market Influencers and their Development Strategies
In March 2022, Signature Aviation signed an agreement to acquire TAC Air and its 14 FBO units across different locations in the US. and In August 2022, Universal Aviation expanded its FBO service in Guatemala and Paraguay
In 2021, Jet Aviation, a part of General Dynamics Corp., had acquired ExecuJet’s Zurich FBO and Hangar operations and Luxaviation’s Swiss Aircraft Management and Charter Divisions
Key Target AudienceFixed-base Operators (FBO) Service Providers, Government Regulatory Bodies, Private Research Organization, Government Research Organization and Others
Fixed-base Operators (FBO) Market Study: Important Years
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|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Fixed-base Operators (FBO) Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Fixed-base Operators (FBO) industry is examined with reference relevant market sectors and sub-sectors.
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.