Middle East & Africa Aircraft MRO Market Forecast to 2030
Middle East & Africa Aircraft MRO Market Forecast to 2030 – Regional Analysis – by Components (Engine MRO, Avionics MRO, Airframe MRO, Cabin MRO, Landing Gear MRO, and Others), Aircraft Type (Fixed Wing Aircraft and Rotary Wing Aircraft), and End Users (Commercial and Military)
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Description
Blockchain Technology Changing MRO Landscape Bolsters Middle East & Africa Aircraft MRO Market
MRO services in the aviation industry play an irreplaceable role in assuring the durability, safety, and profitability of commercial and military airlines. To maintain their market position in the future, businesses should adopt flexibility toward adapting new and trending technologies, which would help digitalize their business processes, thereby ruling out the dependency on humans. Advanced technologies such as blockchain improve processes in MRO organizations. The technology has massive potential in the MRO space. The adoption of blockchain technology has been low so far; however, soon, this technology will contribute a considerable share to the overall growth of the aircraft MRO market. With the help of blockchain technology, companies can record the configuration details of MRO components. This also makes the documentation process across component manufacturers and MRO service providers effortless.
Additionally, the deployment of this technology also enables MRO service providers to offer verifiable documentation about the parts they have installed, thereby maintaining transparency in their operations. A few instances of various aircraft MRO market players opting for blockchain technology are given below.
• In March 2021, the Government Blockchain Association and Digital Innovation Group formed a joint venture named GBA Aviation & Aerospace Working Group. This joint venture is formed to explore the use of blockchain in the aerospace and aviation sectors for MRO services, supply chains, and airports.
• In February 2020, Safran S.A., an aerospace manufacturer; SITA, a technology company; and the Sky Republic, a blockchain platform provider company, declared plans to create the MRO Blockchain Alliance.
• In October 2023, Lufthansa Industry Solutions has also announced the initiative Blockchain for increasing adoption of blockchain in the aviation industry.
Thus, aviation industry players such as aircraft manufacturers, aircraft MRO service providers, and aviation technology developers are highly emphasizing on adopting blockchain technology with the objective of tracking their MRO processes. This factor is anticipated to stimulate the aircraft MRO market growth in the coming years.
Middle East & Africa Aircraft MRO Market Overview
The MEA includes countries such as South Africa, Saudi Arabia, and the UAE. For the coming years, the region is expected to exhibit moderate growth patterns. However, the MEA has recorded higher air traffic capacity, resulting in a significant supply of capacity offered by almost all major operators in the region. Yet, the limited economic activity in the region might adversely impact the growth of the airline industry in the coming years. Further, the Gulf countries are economically developed countries, whereas the African countries are yet to match up to the economic conditions of the Gulf countries and lag far behind. 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 MEA, which further drives the demand for MRO services for aircraft fleets. The countries in the Middle East, such as UAE, Saudi Arabia, and Turkey, spend significantly higher amounts on the procurement of new defense aircraft and MRO activities of the existing aircraft fleet. The increasing number of airports and aircraft with tremendous growth in the aviation industry is spurring the market growth. For instance, according to the Federal Aviation Administration, the aviation industry in the Middle East is experiencing significant growth with an annual rate of 10% a year. The growing aviation industry is creating a surge in the demand for aircraft MRO solutions to ensure and manage air traffic efficiently.
According to The Insight Partners analysis, in 2023, Africa had a fleet of more than 1,000 operational commercial aircraft, which is expected to reach around 1,500 by the end of 2033. This will further generate the demand for MRO services in the region. Moreover, such an increase in the number of aircraft fleets across Africa is expected to catalyze the requirement of MRO for major aircraft components such as engines and airframes.
Furthermore, economic and political issues affect airline traffic in Africa, and the local traffic growth has remained mostly flat, which has limited opportunities for MRO growth in Africa. South African Airways Technical (SAAT) is one of the top MRO service providers in the region and has a strong focus on building its third-party business. However, aircraft component services are still dominated by the OEM, which are fast becoming a threat to MROs as they enter the aftermarket. Moreover, the government in the region is focused on improving the processes of airports to optimize efficiency, and many are using new technological systems to gain additional upgrades of next-generation aircraft, and this shall lead to the growth of the market in the near future. New technologies such as blockchain continue to attract interest from MROs in the Middle East & Africa.
Middle East & Africa Aircraft MRO Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Aircraft MRO Market Segmentation
The Middle East & Africa aircraft MRO market is categorized into components, aircraft type, end users, and country.
Based on components, the Middle East & Africa aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest market share in 2022.
In terms of aircraft type, the Middle East & Africa aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held a larger market share in 2022.
By end users, the Middle East & Africa aircraft MRO market is bifurcated into commercial and military. The commercial segment held a larger market share in 2022.
By country, the Middle East & Africa aircraft MRO market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa aircraft MRO market share in 2022.
AAR CORP, Collins Aerospace, Delta TechOps, GE Aviation, Lufthansa Technik, Rolls-Royce plc, Singapore Technologies Engineering Ltd, and Turkish Technic Inc are among the leading companies operating in the Middle East & Africa aircraft MRO market.
Summary Info
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According to the Research Team’ research, the Middle East & Africa aircraft MRO market was valued at US$ 12,521.62 million in 2022 and is projected to reach US$ 16,543.79 million by 2030, registering a CAGR of 3.5% from 2022 to 2030. Increasing air travel and blockchain technology changing MRO landscape are among the critical factors attributed to drive the Middle East & Africa aircraft MRO market growth.
Airlines are maximizing the utilization of their aircraft to meet the growing passenger demand. This means that aircraft spend more time in the air and require more frequent maintenance checks to ensure their airworthiness. As more people choose air travel, airlines are operating more flights with shorter turnaround times between departures. This increased flight frequency places greater demands on aircraft maintenance to ensure safe and reliable operations. According to the Airports Council International (ACI) World’s Industry Outlook for 2023-2024, as global passenger traffic recovers, 2024 is predicted to represent a turning point, with 9.4 billion passengers traveling worldwide, up from 9.2 billion in 2019 (102.5% of 2019 levels). In 2022, the market with the fastest rate of recovery was the Middle East region. The region is expected to keep improving in 2023, reaching 394 million passengers, or 96.8% of the level in 2019. Further, 429 million passengers, or 105.4% of the 2019 level, are expected in 2024. The Africa area is anticipated to exhibit a consistent upward trend in the next years, with 221 million passengers—or 96.3% of the 2019 level—occurring in 2023. By the end of 2024, the region is expected to have 253 million passengers, or 110.6% of the level in 2019.
It is anticipated that developing markets like Egypt, Morocco, and Tunisia will propel this consistent expansion. As air travel continues to rise, MRO providers play a crucial role in meeting the maintenance demands of airlines, contributing to the growth of the Aircraft MRO market.
On the contrary, OEMs entering aftermarket hampers the growth of Middle East & Africa aircraft MRO market.
Based on components, the Middle East & Africa aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held 54.6% market share in 2022, amassing US$ 6,836.89 million. It is projected to garner US$ 9,538.03 million by 2030 to register 4.2% CAGR during 2022–2030.
In terms of aircraft type, the Middle East & Africa aircraft MRO market is bifurcated into fixed wing aircraft and rotary wing aircraft. The fixed wing aircraft segment held 73.1% share of Middle East & Africa aircraft MRO market in 2022, amassing US$ 9,151.78 million. It is anticipated to garner US$ 11,841.21 million by 2030 to expand at 3.3% CAGR during 2022–2030.
By end users, the Middle East & Africa aircraft MRO market is divided into commercial and military. The commercial segment held 76.2% share of Middle East & Africa aircraft MRO market in 2022, amassing US$ 9,535.34 million. It is projected to garner US$ 12,288.13 million by 2030 to expand at 3.2% CAGR from 2022 to 2030.
Based on country, the Middle East & Africa aircraft MRO market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 41.1% share of Middle East & Africa aircraft MRO market in 2022. It was assessed at US$ 5,148.47 million in 2022 and is likely to hit US$ 6,780.20 million by 2030, registering a CAGR of 3.5% during 2022–2030.
Key players operating in the Middle East & Africa aircraft MRO market are AAR, Collins Aerospace, Delta TechOps, GE Aviation, Lufthansa Technik, Rolls-Royce plc, Singapore Technologies Engineering Ltd, and Turkish Technic Inc, among others.
In July 2023, Turkish Technic, one of the world’s leading maintenance, repair and overhaul (MRO) providers, signed another base maintenance agreement with Emirates, the largest Boeing 777 fleet operator in the world. This agreement will serve as an extension to the initial base maintenance annex signed in April 2023, which covered five Emirates Boeing 777s.
In April 2023, Safran Nacelles and Lufthansa Technik signed a license agreement for the Maintenance, Repair and Overhaul (MRO) of Airbus A320neo’s LEAP-1A nacelles. Over 2,500 nacelles produced by Safran Nacelles are currently in service on Airbus A320neo aircraft that are powered by CFM International’s LEAP-1A engines.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa aircraft MRO market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa aircraft MRO market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Aircraft MRO Market Landscape
4.1 Overview
4.2 Porter’s Analysis
4.3 Ecosystem Analysis
4.3.1 Component Suppliers
4.3.2 MRO Service Providers
4.3.3 End Users
5. Middle East & Africa Aircraft MRO Market – Key Industry Dynamics
5.1 Middle East & Africa Aircraft MRO Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increasing Air Travel
5.2.2 Growing Integration of Digital Technology in MRO Industry
5.2.3 Rising Outsourcing Trends in the Aviation Industry
5.3 Market Restraints
5.3.1 OEMs Entering Aftermarket
5.4 Market Opportunities
5.4.1 Retrofitting of Older Aircraft Fleet
5.4.2 Increasing Adoption of Sustainable Aviation Fuel (SAF)
5.5 Future Trends
5.5.1 Blockchain Technology Changing MRO Landscape
5.6 Impact of Drivers and Restraints:
6. Aircraft MRO Market – Middle East & Africa Market Analysis
6.1 Middle East & Africa Aircraft MRO Market Revenue (US$ Million), 2020 – 2030
6.2 Middle East & Africa Aircraft MRO Market Forecast and Analysis
7. Middle East & Africa Aircraft MRO Market Analysis – Components
7.1 Overview
7.1.1 Middle East & Africa Aircraft MRO Market, By Component (2022 and 2030)
7.2 Engine MRO
7.2.1 Overview
7.2.2 Engine MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Avionics MRO
7.3.1 Overview
7.3.2 Avionics MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Airframe MRO
7.4.1 Overview
7.4.2 Airframe MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.5 Cabin MRO
7.5.1 Overview
7.5.2 Cabin MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.6 Landing Gear MRO
7.6.1 Overview
7.6.2 Landing Gear MRO Market, Revenue and Forecast to 2030 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Aircraft MRO Market Analysis – Aircraft Type
8.1 Overview
8.1.1 Middle East & Africa Aircraft MRO Market, By Aircraft Type (2022 and 2030)
8.2 Fixed Wing Aircraft
8.2.1 Overview
8.2.2 Fixed Wing Aircraft Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Rotary Wing Aircraft
8.3.1 Overview
8.3.2 Rotary Wing Aircraft Market, Revenue and Forecast to 2030 (US$ Million)
9. Middle East & Africa Aircraft MRO Market Analysis – End Users
9.1 Overview
9.1.1 Middle East & Africa Aircraft MRO Market, By End Users (2022 and 2030)
9.2 Commercial
9.2.1 Overview
9.2.2 Commercial Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Military
9.3.1 Overview
9.3.2 Military Market, Revenue and Forecast to 2030 (US$ Million)
10. Middle East & Africa Aircraft MRO Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Middle East & Africa Aircraft MRO Market Revenue and Forecasts and Analysis – By Country
10.1.1.1 South Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.1.1 South Africa Aircraft MRO Market Breakdown by Components
10.1.1.1.2 South Africa Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.1.3 South Africa Aircraft MRO Market Breakdown by End Users
10.1.1.2 Saudi Arabia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.2.1 Saudi Arabia Aircraft MRO Market Breakdown by Components
10.1.1.2.2 Saudi Arabia Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.2.3 Saudi Arabia Aircraft MRO Market Breakdown by End Users
10.1.1.3 UAE Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.3.1 UAE Aircraft MRO Market Breakdown by Components
10.1.1.3.2 UAE Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.3.3 UAE Aircraft MRO Market Breakdown by End Users
10.1.1.4 Rest of Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.1.4.1 Rest of Middle East & Africa Aircraft MRO Market Breakdown by Components
10.1.1.4.2 Rest of Middle East & Africa Aircraft MRO Market Breakdown by Aircraft Type
10.1.1.4.3 Rest of Middle East & Africa Aircraft MRO Market Breakdown by End Users
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
12. Company Profiles
12.1 AAR CORP
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GE Aviation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Turkish Technic Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Singapore Technologies Engineering Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Lufthansa Technik
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Delta TechOps
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Rolls-Royce Holdings Plc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Collins Aerospace
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About the Research Team
LIST OF TABLES
Table 1.            Middle East & Africa Aircraft MRO Market Segmentation
Table 2.            Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million)
Table 3.            Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – Components
Table 4.            Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – Aircraft Type
Table 5.            Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Million) – End Users
Table 6.            South Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 7.            South Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 8.            South Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 9.            Saudi Arabia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 10.         Saudi Arabia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 11.         Saudi Arabia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 12.         UAE Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 13.         UAE Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 14.         UAE Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
Table 15.         Rest of Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Components
Table 16.         Rest of Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By Aircraft Type
Table 17.         Rest of Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn) – By End Users
LIST OF FIGURES
Figure 1.          Middle East & Africa Aircraft MRO Market Segmentation, By Country
Figure 2.          Porter’s Analysis
Figure 3.          Ecosystem: Middle East & Africa Aircraft MRO Market
Figure 4.          Impact Analysis of Drivers and Restraints
Figure 5.          Middle East & Africa Aircraft MRO Market Revenue (US$ Million), 2020 – 2030
Figure 6.          Middle East & Africa Aircraft MRO Market Share (%) – Component, 2022 and 2030
Figure 7.          Engine MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8.          Avionics MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9.          Airframe MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10.       Cabin MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 11.       Landing Gear MRO Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12.       Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13.       Middle East & Africa Aircraft MRO Market Share (%) – Aircraft Type, 2022 and 2030
Figure 14.       Fixed Wing Aircraft Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15.       Rotary Wing Aircraft Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16.       Middle East & Africa Aircraft MRO Market Share (%) – End Users, 2022 and 2030
Figure 17.       Commercial Market Revenue and Forecasts to 2030 (US$ Million)
Figure 18.       Military Market Revenue and Forecasts to 2030 (US$ Million)
Figure 19.       Middle East & Africa Aircraft MRO Market, by Key Country – Revenue (2022) (US$ Million)
Figure 20.       Middle East & Africa Aircraft MRO Market Breakdown by Country (2022 and 2030)
Figure 21.       South Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22.       Saudi Arabia Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23.       UAE Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 24.       Rest of Middle East & Africa Aircraft MRO Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Middle East & Africa Aircraft MRO Market
o AAR CORPÂ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
o Collins Aerospace                                                    Â
o Delta TechOps                                                            Â
o GE Aviation                                                              Â
o Lufthansa Technik                                                      Â
o Rolls-Royce Holdings Plc                                           Â
o Singapore Technologies Engineering Ltd              Â
o Turkish Technic Inc.                                                   Â
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