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Despite suffering a huge decline in 2020, the aircraft USM market is set to grow enormously with a rate of 68+% through 2022, driven by a large number of aircraft being retired early due to the pandemic. In the year 2020, more than 2,500 aircraft were retired compared to an average retirement of 1,100 aircraft in recent years. Overall, the aircraft USM market is likely to grow at a promising CAGR of 4.1% in the long run to reach US$ 9.5 Billion in 2027.
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