Latest News- Aviation Market in Middle East: Commercial aircraft is expected to lead the Type segment during 2025-2029

The Aviation Market in Middle East is being driven by Increase in number of airports and terminals being constructed

The Aviation Market in Middle East is expected to grow at a CAGR of 3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 10161.7 million. The Middle East represents a lucrative market for both business and private aviation industries, driven by the substantial presence of high net worth individuals (HNWI) and ultra-high net worth individuals (UHNWI) in the region. With economic prosperity in countries such as the UAE, Saudi Arabia, and Qatar, fueled by factors including oil wealth, diversified economies, and strategic investments, the number of high-net-worth individuals and businesses has grown exponentially. Consequently, there is a surging demand for large-cabin and long-range business aircraft in the Middle East due to their unrivaled comfort and luxury offerings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Commercial aircraft
  • Military aircraft
  • General aircraft
• Application
  • Airline
  • Air cargo
• Geography
  • Middle East

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in number of airports and terminals being constructed
• Rise in investment in airport infrastructure
• Expected rise in number of air travelers in Middle Eastern countries

However, the market also witnesses some limitations, which are as follows:

• Fluctuations in oil and gas prices
• Complexities in supply chain due to growing technological advancement
• High installation and maintenance costs of aircraft

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Market Scope in Aviation Market in Middle East Research Report

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Research Analysis Overview

The Middle East aviation market faces significant challenges due to climate change implications. The Paris Agreement and emission equity are key issues, as the region's high emitters, including frequent fliers and private aircraft, contribute to the emission gap. Emission distributions reveal carbon inequality, with international and domestic air travel contributing to energy intensity and non-CO2 emissions. National surveys highlight the need for emission reductions, while air travel statistics show the environmental impact. Emission responsibilities require addressing fuel use and greenhouse gas emissions, with a focus on reducing the economic growth-emission link.

Market Research Overview

The Middle East aviation market, a significant segment of the global aerospace and defense industry, encompasses commercial and general aviation, as well as defense sectors. This market is subject to international climate policies, such as the Paris Agreement, which aims to mitigate greenhouse gas emissions and address the emission gap in global air travel. The Middle East region's growing air transport demand necessitates a focus on climate change implications and emission equity, driving the need for sustainable aviation solutions and technological advancements in the aerospace sector. Technavio's market analysis calculates the capital goods market size for the Middle East region, including revenue generated by manufacturers and providers in the aerospace and defense industry, contributing to industries such as building, construction and engineering, electrical equipment, and machinery.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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