Middle-East Aviation Market Trends

Statistics for the 2023 & 2024 Middle-East Aviation market trends, created by Mordor Intelligence™ Industry Reports. Middle-East Aviation trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Market Trends of Middle-East Aviation Industry

This section covers the major market trends shaping the Middle-East Aviation Market according to our research experts:

Growing Demand for Business Jets will Drive the General Aviation Segment During the Forecast Period

The Middle East has been a lucrative market for both the business and private aviation verticals due to the presence of a large high net worth and ultra-high net worth individual (HNWI/UHNWI) population in the region. There is a high demand for large-cabin and long-range business jets in the Middle East due to their high luxury and comfort. In 2021, 14 business jets were delivered to the customers in the Middle East, and the business jet demand is expected to grow in the coming years in the region after a downfall of several years. Due to the growing concerns regarding the spread of the COVID-19, first-class and corporate travelers are expected to prefer general aviation options for safer and quicker transport, which is expected to drive the segment in the future. Business jet manufacturers have also shifted their focus onto the region. They consider the Middle East a high potential region for future business jet sales, as several companies in the United States and Europe are cutting back on frills like the corporate plane charter to save money and appease investors. Additionally, the growth in demand for charter operations is driving the segment, as several charter companies are expanding their fleets with the addition of new business jets. For instance, in December 2021, Qatar Executive announced that it had taken delivery of three Gulfstream G650ER aircraft, taking the total G650 aircraft in its fleet to 11. Such developments are expected to drive the growth of the segment during the forecast period.

Middle-East Aviation Market: Revenue in USD billion, Business Jets, 2018- 2027

Saudi Arabia is Expected to Dominate the Market During the Forecast Period

In the Middle Eastern aviation market, Saudi Arabia currently accounts for a major market share. The country is undergoing a progressive change to become a key aviation-related industry in the region and is witnessing an increase in the number of developments related to the market. Saudi Arabia has long recognized the aviation sector as a means to drive economic growth. The privatization of airports has played a major role in increasing the growth of the aviation industry in Saudi Arabia. Moreover, in the last two decades, the aviation market in Saudi Arabia witnessed significant growth in terms of airport infrastructure. With the air passenger traffic showing signs of recovery and the government offering financial aid, airlines in the country are now focusing on fleet expansion. As of November 2021, Saudi Arabian Airlines is considering a massive aircraft order of more than 100 aircraft from either Airbus or Boeing. The airline is targeting a fleet of 250 aircraft by 2030. On the other hand, military aviation in Saudi Arabia is witnessing significant growth and changes. Saudi Arabia is expanding its military aviation fleet, for which they have already placed orders for several military aircraft. The ongoing rivalry between Saudi Arabia and Iran may be the main driver, which is likely to lead to a growth in terms of military aircraft acquisitions in Saudi Arabia. In March 2021, Lockheed Martin subsidiary, Sikorsky, announced that it had obtained a USD 53.87 million contract modification to produce four UH-60M Black Hawk helicopters for Saudi Arabia. The deliveries are expected to be completed by June 2022. Saudi Arabia is also a lucrative market for general aviation in the Middle Eastern region. The high wealth in the country and the focus of the government to transform the country into a major tourist hub as part of the Vision 2030 are projected to drive the market for general aviation during the forecast period.

Middle-East Aviation Market: Revenue Share (%), by Country, 2021

Middle East Aviation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)