Market Size of middle east and africa aviation Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 34.18 Billion |
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Market Size (2030) | USD 44.74 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | 4.59 % |
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Largest Share by Country | United Arab Emirates |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Middle East and Africa Aviation Market Analysis
The Middle East and Africa Aviation Market size is estimated at 34.18 billion USD in 2024, and is expected to reach 44.74 billion USD by 2030, growing at a CAGR of 4.59% during the forecast period (2024-2030).
34.2 B
Market Size in 2024 (USD)
44.7 B
Market Size in 2030 (USD)
2390
Total Deliveries in the Historic Period (2017-2023)
3424
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
72.04 %
value share, Commercial Aviation, 2023
Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, are driving the commercial aviation market.
Largest Market by Sub-Aircraft Type
69.46 %
value share, Passenger Aircraft, 2023
The sub-aircraft type is dominated by passenger aircraft. Increasing air passenger traffic, coupled with the growth of the middle-income population in emerging countries, drives the market's growth.
Leading Market Player
34.67 %
market share, The Boeing Company, 2022
An extensive range of product offerings, such as transport aircraft, multi-mission helicopters, and various other helicopters for several countries, is expected to support Boeing's domination in the region.
Second Leading Market Player
25.27 %
market share, Airbus SE, 2022
The company's wide range of commercial and military aircraft is responsible for its market penetration in the country, making it the second-largest market player.
Third Leading Market Player
4.67 %
market share, Turkish Aerospace Industries, 2022
Several types of aircraft across the commercial, military, and general aviation sectors are being offered by the company through its various subsidiaries, thus boosting its position as a third-leading player.
Commercial aviation registered a major value share of 70.6% in 2023
- The economic condition in the Middle East & Africa looks stable as the region's GDP increased by 20% over 2021 and 17% compared to the pre-pandemic levels. As of June 2022, the region's aviation sector supported 11.1 million jobs and USD 276 billion in the GDP.
- During the forecast period, the commercial aviation segment is anticipated to expand with higher growth. The airline companies of the Middle Eastern region witnessed a 116.2% rise in demand in 2022 compared to 2021. With the reopening of international routes and long-haul flights, the demand for passenger aircraft is projected to increase by 66% during the forecast period (2022-2030).
- Due to a significant number of HNWIs and UHNWIs, the Middle East has proven to be a lucrative industry for the business aviation sector. From 2016 to 2021, HNWIs in the Middle East increased by 86%, while those in Africa increased by 19%. Due to their high level of luxury and comfort, business jets with large cabins and extended ranges are in high demand in the Middle East. As of July 2022, large jets accounted for 50% of the Middle Eastern and 36% of the African fleet.
- Military aviation in the Middle East & Africa is expected to grow in the coming years, owing to various aircraft procurement plans by Turkey, Kuwait, Qatar, and Bahrain. Military spending in Africa increased by 6% and by 8% in the Middle East. Fixed-wing aircraft may account for higher growth as countries in the region invest heavily in modernizing their aging military fleets and procuring next-generation aircraft.
Fleet upgradation and replacement programs driving the demand
- The Middle Eastern region had a share of around 6.5% of the global air passenger traffic as of April 2022. The airline companies of the Middle East witnessed a 265% rise in demand in April 2022 compared to April 2021. Similarly, the African region had a share of around 1.9% of the global air passenger traffic as of April 2022. The airline companies of the African region witnessed a 116.2% rise in demand in April 2022 compared to April 2021.
- The deliveries in the commercial aircraft segment witnessed a growth of around 96% in 2022 compared to 2021. The OEMs experienced problems such as a halt in production, supply chain, transportation issues due to lockdowns, and travel restrictions that impacted domestic and international routes. During the forecast period, around 1,080+ commercial aircraft are expected to be delivered to the Middle East & Africa.
- In the general aviation sector, Turkey was the leading country in terms of the active operational fleet of business jets, with around 22.3% of the overall Middle Eastern business jet fleet, followed by Saudi Arabia, the United Arab Emirates, and Israel, with around 20% each and 12% of the deliveries as of 2022. In Africa, South Africa and Nigeria accounted for 25% and 23% of the business jet fleet, respectively.
- Defense expenditures in the Middle Eastern region were around USD 184 billion in 2022, a decline of over 3.2% compared to 2022. In contrast, it was around USD 39.4 billion in Africa in 2022, with a decline of over 5% from 2021.
- During the forecast period, the active fleet may increase in the region, as Middle Eastern countries like the UAE, Saudi Arabia, Qatar, and Turkey are expected to procure newer aircraft for fleet upgradation.
Middle East and Africa Aviation Industry Segmentation Middle East and Africa Aviation Industry Segmentation
Commercial Aviation, General Aviation, Military Aviation are covered as segments by Aircraft Type. Algeria, Egypt, Qatar, Saudi Arabia, South Africa, Turkey, United Arab Emirates are covered as segments by Country.
- The economic condition in the Middle East & Africa looks stable as the region's GDP increased by 20% over 2021 and 17% compared to the pre-pandemic levels. As of June 2022, the region's aviation sector supported 11.1 million jobs and USD 276 billion in the GDP.
- During the forecast period, the commercial aviation segment is anticipated to expand with higher growth. The airline companies of the Middle Eastern region witnessed a 116.2% rise in demand in 2022 compared to 2021. With the reopening of international routes and long-haul flights, the demand for passenger aircraft is projected to increase by 66% during the forecast period (2022-2030).
- Due to a significant number of HNWIs and UHNWIs, the Middle East has proven to be a lucrative industry for the business aviation sector. From 2016 to 2021, HNWIs in the Middle East increased by 86%, while those in Africa increased by 19%. Due to their high level of luxury and comfort, business jets with large cabins and extended ranges are in high demand in the Middle East. As of July 2022, large jets accounted for 50% of the Middle Eastern and 36% of the African fleet.
- Military aviation in the Middle East & Africa is expected to grow in the coming years, owing to various aircraft procurement plans by Turkey, Kuwait, Qatar, and Bahrain. Military spending in Africa increased by 6% and by 8% in the Middle East. Fixed-wing aircraft may account for higher growth as countries in the region invest heavily in modernizing their aging military fleets and procuring next-generation aircraft.
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| Algeria | |
| Egypt | |
| Qatar | |
| Saudi Arabia | |
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| United Arab Emirates | |
| Rest of Middle East and Africa |
Middle East and Africa Aviation Market Size Summary
The Middle East and Africa aviation market is poised for significant growth, driven by a stable economic environment and increasing demand across various segments. The commercial aviation sector is expected to experience robust expansion, with a notable rise in demand for passenger aircraft as international routes and long-haul flights reopen. The region's aviation industry is bolstered by a substantial number of high-net-worth individuals, particularly in the Middle East, making it a lucrative market for business aviation. The demand for large cabin and extended range business jets is high, reflecting the region's preference for luxury and comfort. Military aviation is also set to grow, with countries like Turkey, Kuwait, Qatar, and Bahrain investing in modernizing their fleets and procuring next-generation aircraft. The Middle East and Africa collectively hold a small but significant share of global air passenger traffic, with strong recovery in travel volumes post-COVID-19, particularly in countries like Qatar, Saudi Arabia, and the United Arab Emirates.
The market landscape is characterized by a fragmented structure, with major players such as Airbus SE, Dassault Aviation, Lockheed Martin Corporation, The Boeing Company, and Turkish Aerospace Industries holding a significant share. The region's defense expenditures have seen fluctuations, with some countries increasing their military spending while others have experienced declines. Saudi Arabia, in particular, has maintained a substantial military budget, reflecting its ongoing involvement in regional conflicts. The aviation market is also witnessing advancements in technology and innovation, as evidenced by investments in manufacturing facilities and the development of sustainable aviation solutions. Overall, the Middle East and Africa aviation market is on a growth trajectory, supported by economic stability, increasing travel demand, and strategic investments in both commercial and military aviation sectors.
Middle East and Africa Aviation Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Aircraft Type
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1.1.1 Commercial Aviation
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1.1.1.1 By Sub Aircraft Type
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1.1.1.1.1 Freighter Aircraft
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1.1.1.1.2 Passenger Aircraft
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1.1.1.1.2.1 By Body Type
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1.1.1.1.2.1.1 Narrowbody Aircraft
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1.1.1.1.2.1.2 Widebody Aircraft
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1.1.2 General Aviation
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1.1.2.1 By Sub Aircraft Type
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1.1.2.1.1 Business Jets
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1.1.2.1.1.1 By Body Type
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1.1.2.1.1.1.1 Large Jet
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1.1.2.1.1.1.2 Light Jet
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1.1.2.1.1.1.3 Mid-Size Jet
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1.1.2.1.2 Piston Fixed-Wing Aircraft
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1.1.2.1.3 Others
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1.1.3 Military Aviation
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1.1.3.1 By Sub Aircraft Type
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1.1.3.1.1 Fixed-Wing Aircraft
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1.1.3.1.1.1 By Body Type
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1.1.3.1.1.1.1 Multi-Role Aircraft
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1.1.3.1.1.1.2 Training Aircraft
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1.1.3.1.1.1.3 Transport Aircraft
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1.1.3.1.1.1.4 Others
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1.1.3.1.2 Rotorcraft
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1.1.3.1.2.1 By Body Type
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1.1.3.1.2.1.1 Multi-Mission Helicopter
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1.1.3.1.2.1.2 Transport Helicopter
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1.1.3.1.2.1.3 Others
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1.2 Country
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1.2.1 Algeria
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1.2.2 Egypt
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1.2.3 Qatar
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1.2.4 Saudi Arabia
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1.2.5 South Africa
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1.2.6 Turkey
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1.2.7 United Arab Emirates
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1.2.8 Rest of Middle East and Africa
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Middle East and Africa Aviation Market Size FAQs
How big is the Middle East and Africa Aviation Market?
The Middle East and Africa Aviation Market size is expected to reach USD 34.18 billion in 2024 and grow at a CAGR of 4.59% to reach USD 44.74 billion by 2030.
What is the current Middle East and Africa Aviation Market size?
In 2024, the Middle East and Africa Aviation Market size is expected to reach USD 34.18 billion.
