Market Size of Middle East And Africa Turboprop Aircraft Industry
| 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 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 |
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Middle East And Africa Turboprop Aircraft Market Size Summary
The Middle East and Africa turboprop aircraft market is experiencing a steady expansion, driven by increasing air passenger traffic and investments in the aviation sector. The development of new airports and the introduction of short-haul routes are key factors contributing to this growth. The region's focus on reducing aviation emissions is also influencing the demand for low-emission aircraft options, such as turboprops, which are seen as a sustainable alternative. The participation in carbon reduction programs like CORSIA further supports the market's expansion. Additionally, the rise in military spending for fleet modernization and the demand for trainer and transport aircraft are boosting the market for turboprop models.
The aviation market in the Middle East and Africa holds significant potential for future growth, with turboprop aircraft procurement witnessing substantial demand. Initiatives like the Single African Air Transport Market (SAATM) aim to liberalize air transport within Africa, promoting economic integration and increasing the need for regional aircraft. The United Arab Emirates is emerging as a key player in the turboprop market, with notable contracts and agreements enhancing its aviation capabilities. The market is semi-consolidated, with major players like Textron Inc., Lockheed Martin Corporation, and ATR competing on factors such as cost efficiency and fuel economy. The versatility and low operating costs of turboprop aircraft make them increasingly popular in emerging markets, supporting the market's growth trajectory.
Middle East And Africa Turboprop 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 Porter's Five Forces 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
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2.1 Application
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2.1.1 Commercial Aviation
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2.1.2 Military Aviation
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2.1.3 General Aviation
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2.2 Geography
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2.2.1 Middle-East and Africa
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2.2.1.1 United Arab Emirates
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2.2.1.2 Saudi Arabia
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2.2.1.3 Turkey
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2.2.1.4 Israel
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2.2.1.5 South Africa
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2.2.1.6 Rest of Middle-East and Africa
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Middle East And Africa Turboprop Aircraft Market Size 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.
