What Happened
Components Segment to Dominate Growing Industry
The air transport used serviceable material (USM) market is expected to reach $8 billion by 2030, driven by the increasing size and aging of global aircraft fleets. The components segment is forecasted to dominate the market, accounting for 53% of the total share. North America is set to remain the dominant region, with the United States leading the market globally. AAR Corporation currently leads the global market, according to a report by The Business Research Company.