Market Size of Middle-East and Africa Commercial Aircraft Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 16.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
The MEA Commercial Aircraft Market Analysis
The Middle-East and African commercial aircraft market is projected to register a CAGR of more than 16% during the forecast period.
Despite the impact of the COVID-19 pandemic, several aircraft OEMs started increasing their production rates. They plan to take back aircraft production rates to the pre-COVID-19 levels as early as possible. This is expected to drive the market's growth during the forecast period.
The commercial aircraft market is expected to experience healthy growth in the coming years owing to increasing air passenger traffic, increasing procurement of new aircraft by airlines, and improved economic conditions in several countries across the Middle-East and African region.
The economic downfall due to COVID-19 impacted the growth plans of several existing airlines in Africa. Many of these airlines are not expected to recover within the forecast period. However, the airlines in the Middle East are expected to recover at a rapid pace due to the strong economy of the Middle Eastern region and the governmental support provided.
The MEA Commercial Aircraft Industry Segmentation
Commercial aircraft means any aircraft other than public aircraft engaged in the business of transporting property or persons. The Middle-East and African commercial aircraft market is segmented based on aircraft type, application, and geography. By aircraft type, the market is segmented into narrow-body aircraft, wide-body aircraft, and regional aircraft. By engine type, the market is segmented into turbofan and turboprop. By application, the market is segmented into passenger aircraft and freighters. The report also covers the market sizes and forecasts for the market in major countries across Middle-East and African region. The market sizing and forecasts for each segment have been represented based on value (USD million).
| By Aircraft Type | |
| Narrow-body Aircraft | |
| Wide-body Aircraft | |
| Regional Aircraft |
| By Engine Type | |
| Turbofan | |
| Turboprop |
| By Application | |
| Passenger Aircraft | |
| Freighter |
| By Geography | |
| Saudi Arabia | |
| United Arab Emirates | |
| Qatar | |
| South Africa | |
| Rest of Middle-East and Africa |
Middle-East and Africa Commercial Aircraft Market Size Summary
The Middle-East and Africa commercial aircraft market is poised for significant growth, driven by a robust recovery in air passenger traffic and increased aircraft procurement by airlines. Despite the challenges posed by the COVID-19 pandemic, aircraft manufacturers have ramped up production to pre-pandemic levels, supporting the market's expansion. The Middle-East, in particular, is expected to see rapid recovery due to its strong economic foundation and governmental support, while some African airlines may face slower recovery. The market's positive outlook is further bolstered by fleet expansion plans and existing aircraft orders, as airlines aim to enhance their service capacity and cater to the anticipated rise in regional and global air travel.
The market is characterized by a high level of consolidation, with major players like Airbus and Boeing dominating the landscape. The industry is also witnessing a shift towards electric and hybrid-driven aircraft architectures, driven by the need to reduce emissions and improve efficiency. This transition is expected to spur innovation and attract new contracts, enhancing the market presence of leading companies. Notable developments include significant aircraft orders by airlines such as Qatar Airways, Emirates, and Etihad Airways, which are expanding their fleets to meet growing demand. These strategic moves, along with ongoing organizational transformations, are set to propel the market's growth trajectory in the coming years.
Middle-East and Africa Commercial Aircraft Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porters 5 Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size and Forecast by Value - USD million, 2018 - 2027)
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2.1 By Aircraft Type
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2.1.1 Narrow-body Aircraft
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2.1.2 Wide-body Aircraft
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2.1.3 Regional Aircraft
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2.2 By Engine Type
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2.2.1 Turbofan
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2.2.2 Turboprop
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2.3 By Application
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2.3.1 Passenger Aircraft
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2.3.2 Freighter
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2.4 By Geography
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2.4.1 Saudi Arabia
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2.4.2 United Arab Emirates
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2.4.3 Qatar
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2.4.4 South Africa
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2.4.5 Rest of Middle-East and Africa
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Middle-East and Africa Commercial Aircraft Market Size FAQs
What is the current Middle-East and Africa Commercial Aircraft Market size?
The Middle-East and Africa Commercial Aircraft Market is projected to register a CAGR of greater than 16% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Commercial Aircraft Market?
Boeing, Airbus, Embraer, Rostec, ATR, Commercial Aircraft Corporation of China,Ltd. and MITSUBISHI HEAVY INDUSTRIES, LTD. are the major companies operating in the Middle-East and Africa Commercial Aircraft Market.
