Market Share of Middle-East Aviation Industry
The Middle Eastern aviation market is semi-consolidated, as few players account for the major portion of the market share. Some prominent players in the market are Lockheed Martin Corporation, Bombardier Inc., The Boeing Company, Airbus SE, and Textron Inc.
Various initiatives and product innovations have led the companies to strengthen their presence in the market. The Middle East has been a major demand-generating region for Airbus and Boeing for wide-body aircraft. However, this is expected to change due to the emergence of new LCCs and the slump in demand for long-haul flights.
In the military sector, players from Turkey are expected to increase their market share during the forecast period, as the country has been focusing on developing its domestic aircraft development and manufacturing capabilities. On the other hand, as the Middle East becomes a lucrative market for business jets, several business jet orders are expected from this region over the next decade. This is expected to further intensify the rivalry among the players in the market in the coming years.
Middle-East Aviation Market Leaders
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Textron Inc.
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Airbus SE
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The Boeing Company
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Bombardier Inc.
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Lockheed Martin Corporation
*Disclaimer: Major Players sorted in no particular order
