Market Size of Middle-East and Africa Commercial Aircraft Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 16.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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The MEA Commercial Aircraft Market Analysis
The Middle-East and African commercial aircraft market is projected to register a CAGR of more than 16% during the forecast period.
Despite the impact of the COVID-19 pandemic, several aircraft OEMs started increasing their production rates. They plan to take back aircraft production rates to the pre-COVID-19 levels as early as possible. This is expected to drive the market's growth during the forecast period.
The commercial aircraft market is expected to experience healthy growth in the coming years owing to increasing air passenger traffic, increasing procurement of new aircraft by airlines, and improved economic conditions in several countries across the Middle-East and African region.
The economic downfall due to COVID-19 impacted the growth plans of several existing airlines in Africa. Many of these airlines are not expected to recover within the forecast period. However, the airlines in the Middle East are expected to recover at a rapid pace due to the strong economy of the Middle Eastern region and the governmental support provided.
