Middle East Aviation Market: Opportunities, Trends and Challenges (2018-2023)
Middle East Aviation Market
Aviation is the art of aeronautics which includes building, operating machines which can take flight. There are basically two broad categories of aviation Civil Aviation which includes both General Aviation and Scheduled air transport and military aviation.
The Large cabin jets are currently performing the best with increase in the penetration into newer markets, increase in margins and sales, whereas the small cabin jets or the light jets continue to face an uphill battle on all the fronts. The Launch of the HA-420 Honda Ultra Light Jet priced at just $4.5 Million has further intensified the battle in this category.
There has been a global boom in demand for commercial jets, starting from 2011, which happened because of introduction of new technology which enabled jets to record superior levels of efficiency. 3 years back, the price of ATF was at its peak, so efficiency considerations played a huge part in buying decisions. The demand is so much that there have been huge levels of backlog. Airbus and Boeing have an order book in excess of 10,000 aircraft which represents 10 years worth of production. So at least for the next 10 years, irrespective of the actual scenario, commercial jets will see impressive levels of growth. Emirates has been the leader in the order of Commercial Jets in the region and makes up the majority of aircraft ordered from the region
The defense expenditure also is expected to rise significantly in the coming future in this region despite the significant fall in the oil prices, as the states look to better counter high levels of terrorism and levels of insurgency in the region.
The aviation market in this region was increasing at a very rapid pace until 2013 when the oil prices were going steady and at record highs. But the oil prices have crashed since then which has affected the finances of the states greatly. Most of the countries in the region can balance their budgets when the price of oil is near to $100 per barrel mark, but with the oil prices close to $45 per barrel currently, the level of disposable income has reduced which has greatly affected the aviation market. Still there is high demand for aircraft in this region and is expected to register high levels of growth. Saudi Arabia will lead the market both in civil aviation as well as military aviation expenditure.
What the report offers
Market analysis for the Middle East Aviation Market, with region specific assessments and competition analysis on global and regional scales
Market definition along with the identification of key drivers and restraints
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
Extensively researched competitive landscape section with profiles of major companies along with their market shares
Identification and analysis of the macro and micro factors that affect the Middle East Aviation Market on both global and regional scales
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped