Middle East & Africa Aircraft Engine Market Size & Outlook
The aircraft engine market in Middle East & Africa is expected to reach a projected revenue of US$ 4,584.8 million by 2030. A compound annual growth rate of 10% is expected of Middle East & Africa aircraft engine market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,347.8
Forecast, 2030 (US$M)
$4,584.8
CAGR, 2024 - 2030
10%
Report Coverage
Middle East & Africa
Middle East & Africa aircraft engine market, 2018-2030 (US$M)
MEA aircraft engine market highlights
- The MEA aircraft engine market generated a revenue of USD 2,347.8 million in 2023.
- The market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, turboprop was the largest revenue generating engine in 2023.
- Turboprop is the most lucrative engine segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 2,347.8 million |
| Market revenue in 2030 | USD 4,584.8 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Turboprop |
| Fastest growing segment | Turboprop |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Turboprop |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.2% of the global aircraft engine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,256.8 million by 2030.
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Aircraft Engine Market Scope
Aircraft engine market segmentation & scope
Aircraft
Commercial Aircraft
Military Aircraft
Business and General Aviation Aircraft
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Australia
India
Japan
Thailand
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Aircraft Engine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa aircraft engine market
Related regional statistics
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