MEA Turboprop Aircraft Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 178.73 Million |
| Market Size (2029) | USD 199.69 Million |
| CAGR (2024 - 2029) | 2.25 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Turboprop Aircraft Market Analysis
The Middle East And Africa Turboprop Aircraft Market size is estimated at USD 178.73 million in 2024, and is expected to reach USD 199.69 million by 2029, growing at a CAGR of 2.25% during the forecast period (2024-2029).
The rise in air passenger traffic growth is leading to increased investment in the commercial and general aviation industry, the development of new medium and small-sized airports, fleet expansion, and the introduction of short-haul routes to cater to the regional aviation demand. This has aided the market growth for turboprop aircraft in the Middle East and Africa region.
The growing aviation emissions across the region are propelling the growth in demand for low-emission options such as biofuels, electric propulsion technology, and propeller aircraft. As of 2023, the Middle East reaffirmed its stance on the need for airports to take action to reduce their carbon footprint and to prioritize the use of sustainable aviation fuel. Countries in the region are actively participating in carbon reduction programs such as CORSIA, which are expected to increase the demand for propeller aircraft, especially in the Middle East.
The rise in military spending to modernize and expand the existing fleet has significantly propelled the growth of the turboprop aircraft market in the region. The demand for trainer aircraft and military transport aircraft is driving the demand for aircraft models such as Pilatus PC-12, Beechcraft T-6, Lockheed Martin C-130J, etc.
MEA Turboprop Aircraft Market Trends
Commercial Aviation Segment to Exhibit the Highest Growth Rate During the Forecast Period
Air traffic is witnessing continuous growth in Middle-East and Africa, which is driving the market growth for turboprop aircraft. ATR predicted the need for more than 3,000 aircraft by 2037, and Africa constitutes a share of more than 10% of the total need for aircraft. African airlines are expanding their regional jet and turboprop. The utilization of turboprops has more than doubled from 5,000 hours to 10,000 hours. The Single African Air Transport Market (SAATM) initiative aims to promote intra-Africa air transport liberalization. SAATM is a flagship project under the African Union’s (AU) Agenda 2063. The objective of SAATM is to create a unified air transport market within Africa to promote the liberalization of civil aviation within Africa and act as a driving force for the continent’s economic integration.
The aviation market in the Middle East and Africa has a huge potential for future growth, and the procurement of turboprop aircraft has witnessed significant demand. For instance, in July 2023, Textron Aviation was awarded a contract for five Beechcraft King Air turboprops in support of the Kingdom of Saudi Arabia weather modification mission. These factors are expected to aid the segment in the forecast period.
The United Arab Emirates is Expected to Show Significant Growth During the Forecast Period
The increased investments in the defense industry, aviation development, and business development ecosystem are driving the growth of turboprop aircraft for commercial, general, and defense aviation in the United Arab Emirates (UAE). For instance, in November 2023, the UAE Air Force entered a contract for the purchase of forty Calidus (Turboprop) aircraft. The aircraft is equipped with a Pratt & Whitney (P&WC) PT6A turbo-charged engine, allowing it to reach a maximum velocity of 704 kilometers per hour (km/h) with a range of 2,593 km. The surge in the number of high-net-worth individuals and business growth in the region is fuelling the growth of the general aviation industry as many people with higher incomes prefer air travel in private aircraft.
Apart from this, the UAE has become a major center for turboprop aircraft-related aviation agreements. For instance, in November 2023, Dubai Airshow, Ablo, one of the world’s largest turboprop lessors, and ATR, a regional aircraft manufacturer, forged an agreement for a definitive order of 10 aircraft, with options for another 10 aircraft. Similar procurement patterns are anticipated to be placed during the forecast period, thereby rendering a positive outlook for the market in the UAE during the forecast period.
MEA Turboprop Aircraft Industry Overview
The market for turboprop aircraft in the Middle-East and African region is semi-consolidated. Prominent players such as Textron Inc., Lockheed Martin Corporation, Pilatus Aircraft Ltd, DAHER, and ATR are the major players in the market. Turboprop aircraft are becoming increasingly popular in emerging markets due to their versatility, durability, and low operating costs compared to jet-powered aircraft. The market is witnessing significant growth owing to increased investment from airlines, defense authorities, etc. Key players in the market are competing on various factors such as low price, fuel efficiency, low maintenance cost, etc.
MEA Turboprop Aircraft Market Leaders
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Textron Inc.
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Lockheed Martin Corporation
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ATR
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DAHER
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Pilatus Aircraft Ltd
*Disclaimer: Major Players sorted in no particular order
MEA Turboprop Aircraft Market News
Oct 2022: Turkish Aerospace Industries received a contract to deliver two Hurkus-C light trainers and combat aircraft to Niger and three to Chad. The contract with Niger follows the sale of 12 Hurkus-B aircraft as per the agreement in 2021.
Jul 2022: Air Cairo, the EgyptAir subsidiary, signed an agreement with Nordic Aviation Capital for the lease of six ATR 72-600 aircraft. The inducted ATRs are expected to allow the airline to operate domestic and regional flights in the African region.
MEA Turboprop Aircraft Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Application
5.1.1 Commercial Aviation
5.1.2 Military Aviation
5.1.3 General Aviation
5.2 Geography
5.2.1 Middle-East and Africa
5.2.1.1 United Arab Emirates
5.2.1.2 Saudi Arabia
5.2.1.3 Turkey
5.2.1.4 Israel
5.2.1.5 South Africa
5.2.1.6 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Lockheed Martin Corporation
6.1.2 Textron Inc.
6.1.3 Pilatus Aircraft Ltd.
6.1.4 ATR
6.1.5 Piper Aircraft Inc.
6.1.6 DAHER
6.1.7 PiaggioAero Industries S.p.a.
6.1.8 Diamond Aircraft Industries GmbH
6.1.9 Viking Air Ltd.
6.1.10 AIR TRACTOR, INC.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Turboprop Aircraft Industry Segmentation
Turboprop aircraft are powered by one or more jet-powered engines that work in conjunction with a gearbox that rotates the aircraft’s propeller(s) both on the ground and in the air. These aircraft can carry larger payloads and carry more passengers than piston-powered aircraft and typically fly higher than piston-powered aircraft, reaching altitudes of 35,000 feet or higher.
The Middle-East and African Turboprop Aircraft Market is segmented by Application (Commercial Aviation, Military Aviation, and General Aviation) and Country (United Arab Emirates, Saudi Arabia, Turkey, Israel, South Africa, and the Rest of the Middle-East and Africa). The report offers the market size in value terms in USD for all the abovementioned segments.
| Application | |
| Commercial Aviation | |
| Military Aviation | |
| General Aviation |
| Geography | ||||||||
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MEA Turboprop Aircraft Market Research FAQs
How big is the Middle East And Africa Turboprop Aircraft Market?
The Middle East And Africa Turboprop Aircraft Market size is expected to reach USD 178.73 million in 2024 and grow at a CAGR of 2.25% to reach USD 199.69 million by 2029.
What is the current Middle East And Africa Turboprop Aircraft Market size?
In 2024, the Middle East And Africa Turboprop Aircraft Market size is expected to reach USD 178.73 million.
Who are the key players in Middle East And Africa Turboprop Aircraft Market?
Textron Inc., Lockheed Martin Corporation, ATR, DAHER and Pilatus Aircraft Ltd are the major companies operating in the Middle East And Africa Turboprop Aircraft Market.
What years does this Middle East And Africa Turboprop Aircraft Market cover, and what was the market size in 2023?
In 2023, the Middle East And Africa Turboprop Aircraft Market size was estimated at USD 174.71 million. The report covers the Middle East And Africa Turboprop Aircraft Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East And Africa Turboprop Aircraft Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
MEA Turboprop Aircraft Industry Report
Statistics for the 2024 MEA Turboprop Aircraft market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. MEA Turboprop Aircraft analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
MEA Turboprop Aircraft Market Report Snapshots
