The Middle East's commercial aircraft services market is expected to boom, exceeding global growth rates and reaching $28 billion by 2042, according to Airbus' latest forecast. This growth aligns with the region's prominence in aviation, with five of the world's largest hubs located there. Rising air traffic, the increasing demand for advanced aircraft, and a shift towards sustainable solutions are driving the need for services.
The report details specific areas of anticipated growth within the market. The maintenance segment is projected to reach $23 billion, while enhancements and modernization, particularly cabin upgrades, will see the fastest growth at 5.5% annually until 2030. Training and operations are also expected to double in value by 2042.
Recognizing this potential, regional governments are investing in localizing MRO services, creating infrastructure, and fostering job opportunities. This is expected to create a demand for an additional 208,000 skilled aviation professionals by 2042.
Airbus, a major player in the region, is positioned to contribute to this growth with its expertise in material, engineering, and maintenance solutions. This forecast highlights the promising future of the Middle East's commercial aircraft services market, with the potential to become a global leader while creating significant employment opportunities in the region.
