Market Size of Middle-East And Africa Helicopters Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.45 Billion |
| Market Size (2029) | USD 3.94 Billion |
| CAGR (2024 - 2029) | 9.97 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Helicopter Market Analysis
The Middle-East And Africa Helicopters Market size is estimated at USD 2.45 billion in 2024, and is expected to reach USD 3.94 billion by 2029, growing at a CAGR of 9.97% during the forecast period (2024-2029).
The rise in terrorism, humanitarian crises, and political instability in the Middle East and Africa region led to a rise in military spending by regional economic powers such as Saudi Arabia, Israel, Turkey, etc. Countries in the region are heavily spending on the procurement and upgradation of military helicopters, which is driving the growth of the helicopter market in the region.
Additionally, the development of the business ecosystem in countries such as the UAE, Saudi Arabia, Israel, etc., subsequently propelled the general aviation industry in the region. The oil-exporting countries in the Middle East are now developing tourism infrastructure to reduce the dependency on the oil and gas sector for economic growth. This factor is significantly driving the demand for helicopters for VVIP transportation and commercial applications in the region.
Furthermore, the intensive use of helicopters for various applications simultaneously increased the need to incorporate advanced technologies to facilitate their use for contra-distinct purposes. Technological developments like enhancement of the engine performance, improving their performance capabilities, etc., made them more suitable to function in tough and challenging environments. Market players are focusing on enhancing the ergonomics and safety aspects of helicopters. However, the market might witness significant resilience from the rapid growth of the drone industry as they can act as potential substitutes for helicopters, particularly in specific applications for end users.
