Market Size of Middle East Aircraft MRO Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 6.18 Billion |
| Market Size (2029) | USD 7.14 Billion |
| CAGR (2024 - 2029) | 2.91 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle-East Aircraft MRO Market Analysis
The Middle-East Aircraft MRO Market size is estimated at USD 6.18 billion in 2024, and is expected to reach USD 7.14 billion by 2029, growing at a CAGR of 2.91% during the forecast period (2024-2029).
- The Middle East Aircraft MRO market is driven by the increasing demand for new aircraft as part of the fleet expansion and modernization programs initiated by airlines operating in the region. Besides, the increasing partnership between aircraft MRO providers is also expected to drive their technical capabilities, enabling them to service new-generation aircraft that are being procured by airlines. The construction of new airports in the major cities of the Gulf countries is one of the primary drivers for growth in the number of aircraft fleets in the Middle East and Africa (MEA) region, which further drives the demand for MRO services for aircraft fleets.
- Moreover, the shortage of aviation maintenance technicians has been a growing problem for years and the technological changes in aircraft manufacturing further heighten the demand for qualified technicians.
- With the addition of newer generation aircraft platforms, there is expected to be an increase in demand for a newer, wider range of skillsets for aircraft maintenance technicians, further complicating the expected labor shortage. In addition, other advanced technologies such as AI and machine learning facilitate the airline crew and management to understand the airworthiness of the aircraft.
