Middle East - Aviation Market by Type and Application - Forecast and Analysis 2024-2028

Published: Feb 2024 Pages: 146 SKU: IRTNTR74357

Middle East - Aviation Market 2024-2028

The Middle East - aviation market size is forecast to increase by USD 9.55 billion, at a CAGR of 2.9% between 2023 and 2028. The market growth analysis depends on several factors such as the increase in the number of airports and terminals being constructed, the rise in investment in airport infrastructure, and the expected rise in the number of air travelers. 

The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Type, which comprises commercial aircraft, military aircraft, and general aircraft. Additionally, it categorizes Application into airline and air cargo. The market report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Dynamics

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

 Driver- Rise in investment in airport infrastructure

There has been a rise in investment in airport infrastructure for the expansion of the airport. For example, in May 2022, Hamad International Airport completed its expansion to increase the airport's capacity to more than 53 million passengers annually with a cargo terminal with an estimated investment of USD 1 billion. Likewise, in March 2021, New Sharjah International Airport completed its expansion. The expansion work involves the construction of new passenger terminals and supporting infrastructure of the airport.

Furthermore, Oman Musandam Airport is being developed at a cost of USD 250 million and is projected to be ready by Q4 2026. The project comprises the construction of two runways and a passenger terminal with a capacity of 250,000 passengers per year. Such investments in the development of infrastructure in the airport will thus drive the growth of the market during the forecast period.

Trends- Growing demand for business jets

The Middle East has proven to be a profitable market for the business and private aviation sectors because of the region's significant concentration of high-net-worth and ultra-high-net-worth individuals (HNWI/UHNWI). Large-cabin and long-range business aircraft are in high demand in the Middle East because of their exceptional comfort and level of luxury. Several countries in the Middle East, including the UAE, Saudi Arabia, and Qatar, have experienced economic prosperity driven by factors such as oil wealth, diversified economies, and strategic investments.

Additionally, the market is also being driven by the increased demand for charter operations, as many charter businesses are adding new business jets to their fleets. In December 2021, for example, Qatar Executive reported that it had received three Gulfstream G650ER aircraft, bringing its fleet total of G650 aircraft to eleven. Throughout the projected period, these improvements are anticipated to fuel the expansion of the Middle Eastern aviation industry. Such developments are expected to drive market growth during the forecast period.

Challenge- High installation and maintenance costs of aircraft

Airlines in the Middle East, particularly those based in hubs like Dubai, have faced criticism for high operating costs. This includes expenses related to infrastructure, fuel, and labor. Controlling costs while maintaining high service standards is a constant challenge. Air-to-air refueling is a strategic imperative generally adopted by military aircraft groups.

Moreover, the high installation costs of aerial refueling systems prevent countries from adopting them. For instance, the cost of manufacturing and installing the Multipoint Refueling System (MPRS) per aircraft is expected to range between USD 5-6 million, with 6,000-7,000 labor hours. Hence, due to such factors, the growth of the market will be hampered during the forecast period.

Market Segmentation by Type, and Application

Type Segment Analysis: 

The commercial aircraft segment will account for a major share of the market's growth during the forecast period.? A commercial aircraft is a type of plane that transports people or cargo from one area to another. Commercial aircraft encompasses both general aviation and scheduled airline services. Major components of commercial aircraft are wings, power plants, fuselage, tail or empennage, and landing gear. Commercial aircraft are used for various transportation such as tourism, passenger travel, business travel, and freight transportation.

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The commercial aircraft segment was valued at USD 25.06 billion in 2018. Factors such as the growth in disposable income of the middle-class population and the emergence of low-cost airlines had a positive impact on the number of air passengers, which, in turn, led to an increase in the demand for the commercial aircraft segment in the Middle East - aviation market. Commercial aircraft are an important part of the aviation system that help generate long-term improvements in economic, social, and environmental efficiency. Thus, such factors will drive the growth of the commercial aircraft segment of the market during the forecast period.

Application Analysis:

Based on application, the market has been segmented into airline and air cargo. The airline?segment will account for the largest share of this segment.?The Middle East serves as a strategic hub connecting Asia, Europe, and Africa. This geographical advantage has made Middle Eastern airlines popular choices for international travelers looking for convenient layovers. Middle Eastern countries such as UAE, Saudi Arabia, and Qatar have invested heavily in building state-of-the-art airports and infrastructure to accommodate the increasing demand for air travel. Additionally, middle Eastern airlines have gained a reputation for providing excellent customer service and luxurious in-flight experiences, attracting both business and leisure travelers. Thus, such factors will drive the growth of the airline segment as well as the Middle East - aviation market during the forecast period.

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • Air Arabia PJSC: The company offers aviation aircraft and services such as a comprehensive range of passenger, ramp, and cargo handling services for airline operators and their customers at the airport.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Airbus SE, Arkia, Bombardier Inc., El Al, Embraer SA, General Dynamics Corp., Gulf Air, Iran Air, Kuwait Airways, Leonardo S.p.A., Lockheed Martin Corp., Mahan Air, Oman Air, Qatar Airways Group Q.C.S.C., Textron Inc., Thales Group, The Boeing Co., The Emirates Group, and Royal Air Maroc 

Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The market analysis and report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Type Outlook 
    • Commercial aircraft
    • Military aircraft
    • General aircraft
  • Application Outlook
    • Airline
    • Air cargo

Middle East  Aviation Market Scope

Report Coverage

Details

Page number

146

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.9%

Market Growth 2024-2028

USD 9.55 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

2.84

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Air Arabia PJSC, Airbus SE, Arkia, Bombardier Inc., El Al, Embraer SA, General Dynamics Corp., Gulf Air, Iran Air, Kuwait Airways, Leonardo S.p.A., Lockheed Martin Corp., Mahan Air, Oman Air, Qatar Airways Group Q.C.S.C., Textron Inc., Thales Group, The Boeing Co., The Emirates Group, and Royal Air Maroc

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Middle East Aviation Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2024 and 2028
  • Precise estimation of the market growth and trends and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Market growth and forecasting across Middle East
  • A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market  companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Middle East - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Middle East: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

    4 Historic Market Size

    • 4.1 Aviation market in Middle East 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on aviation market in middle East 2018 - 2022 ($ billion)
    • 4.2 Type Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.3 Application Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 29: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 30: Data Table on Type - Market share 2023-2028 (%)
    • 6.2 Comparison by Type
      • Exhibit 31: Chart on Comparison by Type
      • Exhibit 32: Data Table on Comparison by Type
    • 6.3 Commercial aircraft - Market size and forecast 2023-2028
      • Exhibit 33: Chart on Commercial aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 34: Data Table on Commercial aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Chart on Commercial aircraft - Year-over-year growth 2023-2028 (%)
      • Exhibit 36: Data Table on Commercial aircraft - Year-over-year growth 2023-2028 (%)
    • 6.4 Military aircraft - Market size and forecast 2023-2028
      • Exhibit 37: Chart on Military aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 38: Data Table on Military aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Chart on Military aircraft - Year-over-year growth 2023-2028 (%)
      • Exhibit 40: Data Table on Military aircraft - Year-over-year growth 2023-2028 (%)
    • 6.5 General aircraft - Market size and forecast 2023-2028
      • Exhibit 41: Chart on General aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 42: Data Table on General aircraft - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Chart on General aircraft - Year-over-year growth 2023-2028 (%)
      • Exhibit 44: Data Table on General aircraft - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 45: Market opportunity by Type ($ billion)
      • Exhibit 46: Data Table on Market opportunity by Type ($ billion)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 47: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 48: Data Table on Application - Market share 2023-2028 (%)
    • 7.2 Comparison by Application
      • Exhibit 49: Chart on Comparison by Application
      • Exhibit 50: Data Table on Comparison by Application
    • 7.3 Airline - Market size and forecast 2023-2028
      • Exhibit 51: Chart on Airline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Data Table on Airline - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Chart on Airline - Year-over-year growth 2023-2028 (%)
      • Exhibit 54: Data Table on Airline - Year-over-year growth 2023-2028 (%)
    • 7.4 Air cargo - Market size and forecast 2023-2028
      • Exhibit 55: Chart on Air cargo - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 56: Data Table on Air cargo - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Chart on Air cargo - Year-over-year growth 2023-2028 (%)
      • Exhibit 58: Data Table on Air cargo - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Application
      • Exhibit 59: Market opportunity by Application ($ billion)
      • Exhibit 60: Data Table on Market opportunity by Application ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 61: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 62: Chart on Market share by geography - 2023-2028 (%)
      • Exhibit 63: Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 64: Chart on Geographic comparison
      • Exhibit 65: Data Table on Geographic comparison
    • 9.3 United Arab Emirates - Market size and forecast 2023-2028
      • Exhibit 66: Chart on United Arab Emirates - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 67: Data Table on United Arab Emirates - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Chart on United Arab Emirates - Year-over-year growth 2023-2028 (%)
      • Exhibit 69: Data Table on United Arab Emirates - Year-over-year growth 2023-2028 (%)
    • 9.4 Saudi Arabia - Market size and forecast 2023-2028
      • Exhibit 70: Chart on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 71: Data Table on Saudi Arabia - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 72: Chart on Saudi Arabia - Year-over-year growth 2023-2028 (%)
      • Exhibit 73: Data Table on Saudi Arabia - Year-over-year growth 2023-2028 (%)
    • 9.5 Rest of Middle East - Market size and forecast 2023-2028
      • Exhibit 74: Chart on Rest of Middle East - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 75: Data Table on Rest of Middle East - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Chart on Rest of Middle East - Year-over-year growth 2023-2028 (%)
      • Exhibit 77: Data Table on Rest of Middle East - Year-over-year growth 2023-2028 (%)
    • 9.6 Market opportunity by geography
      • Exhibit 78: Market opportunity by geography ($ billion)
      • Exhibit 79: Data Table on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 80: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 81: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 82: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 83: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 84: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 85: Matrix on vendor position and classification
            • 12.3 Air Arabia PJSC
              • Exhibit 86: Air Arabia PJSC - Overview
              • Exhibit 87: Air Arabia PJSC - Product / Service
              • Exhibit 88: Air Arabia PJSC - Key offerings
            • 12.4 Airbus SE
              • Exhibit 89: Airbus SE - Overview
              • Exhibit 90: Airbus SE - Business segments
              • Exhibit 91: Airbus SE - Key news
              • Exhibit 92: Airbus SE - Key offerings
              • Exhibit 93: Airbus SE - Segment focus
            • 12.5 Bombardier Inc.
              • Exhibit 94: Bombardier Inc. - Overview
              • Exhibit 95: Bombardier Inc. - Product / Service
              • Exhibit 96: Bombardier Inc. - Key offerings
            • 12.6 El Al
              • Exhibit 97: El Al - Overview
              • Exhibit 98: El Al - Product / Service
              • Exhibit 99: El Al - Key offerings
            • 12.7 Embraer SA
              • Exhibit 100: Embraer SA - Overview
              • Exhibit 101: Embraer SA - Business segments
              • Exhibit 102: Embraer SA - Key offerings
              • Exhibit 103: Embraer SA - Segment focus
            • 12.8 General Dynamics Corp.
              • Exhibit 104: General Dynamics Corp. - Overview
              • Exhibit 105: General Dynamics Corp. - Business segments
              • Exhibit 106: General Dynamics Corp. - Key news
              • Exhibit 107: General Dynamics Corp. - Key offerings
              • Exhibit 108: General Dynamics Corp. - Segment focus
            • 12.9 Gulf Air
              • Exhibit 109: Gulf Air - Overview
              • Exhibit 110: Gulf Air - Product / Service
              • Exhibit 111: Gulf Air - Key offerings
            • 12.10 Iran Air
              • Exhibit 112: Iran Air - Overview
              • Exhibit 113: Iran Air - Product / Service
              • Exhibit 114: Iran Air - Key offerings
            • 12.11 Leonardo S.p.A.
              • Exhibit 115: Leonardo S.p.A. - Overview
              • Exhibit 116: Leonardo S.p.A. - Business segments
              • Exhibit 117: Leonardo S.p.A. - Key news
              • Exhibit 118: Leonardo S.p.A. - Key offerings
              • Exhibit 119: Leonardo S.p.A. - Segment focus
            • 12.12 Lockheed Martin Corp.
              • Exhibit 120: Lockheed Martin Corp. - Overview
              • Exhibit 121: Lockheed Martin Corp. - Business segments
              • Exhibit 122: Lockheed Martin Corp. - Key news
              • Exhibit 123: Lockheed Martin Corp. - Key offerings
              • Exhibit 124: Lockheed Martin Corp. - Segment focus
            • 12.13 Oman Air
              • Exhibit 125: Oman Air - Overview
              • Exhibit 126: Oman Air - Product / Service
              • Exhibit 127: Oman Air - Key offerings
            • 12.14 Textron Inc.
              • Exhibit 128: Textron Inc. - Overview
              • Exhibit 129: Textron Inc. - Business segments
              • Exhibit 130: Textron Inc. - Key news
              • Exhibit 131: Textron Inc. - Key offerings
              • Exhibit 132: Textron Inc. - Segment focus
            • 12.15 Thales Group
              • Exhibit 133: Thales Group - Overview
              • Exhibit 134: Thales Group - Business segments
              • Exhibit 135: Thales Group - Key news
              • Exhibit 136: Thales Group - Key offerings
              • Exhibit 137: Thales Group - Segment focus
            • 12.16 The Boeing Co.
              • Exhibit 138: The Boeing Co. - Overview
              • Exhibit 139: The Boeing Co. - Business segments
              • Exhibit 140: The Boeing Co. - Key offerings
              • Exhibit 141: The Boeing Co. - Segment focus
            • 12.17 The Emirates Group
              • Exhibit 142: The Emirates Group - Overview
              • Exhibit 143: The Emirates Group - Business segments
              • Exhibit 144: The Emirates Group - Key offerings
              • Exhibit 145: The Emirates Group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 146: Inclusions checklist
                • Exhibit 147: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 148: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 149: Research methodology
                • Exhibit 150: Validation techniques employed for market sizing
                • Exhibit 151: Information sources
              • 13.5 List of abbreviations
                • Exhibit 152: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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