Saudi Arabia Aerospace And Defense Mro Market Size & Outlook
Saudi Arabia aerospace and defense mro market, 2018-2030 (US$M)
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Saudi Arabia aerospace and defense mro market highlights
- The Saudi Arabia aerospace and defense mro market generated a revenue of USD 4,251.7 million in 2021 and is expected to reach USD 5,250.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 2.4% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Engine is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace and defense mro market data book summary
| Market revenue in 2021 | USD 4,251.7 million |
| Market revenue in 2030 | USD 5,250.0 million |
| Growth rate | 2.4% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Engine |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 4.0% of the global aerospace and defense mro market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia aerospace and defense mro market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,250.0 million by 2030.
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Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia aerospace and defense mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 43.47% in 2021. Horizon Databook has segmented the Saudi Arabia aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
As the Kingdom of Saudi Arabia (KSA) emphasizes to reduce dependency on oil and expanding its industrial base as part of vision 2030, the aerospace sector has gained enormous importance.
To increase FDI in the aerospace sector, the country offers multiple advantages that include geographical proximity to three continents, direct free trade access to the GCC market, attractive tax exemptions, highly competitive land and energy costs, and well-developed infrastructure.
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Target buyers of Saudi Arabia aerospace and defense mro market databook
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Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia aerospace and defense mro market size, by product, 2018-2030 (US$M)
Saudi Arabia Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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