Market Size of Middle-East and Africa Turboprop Aircraft Industry
Study Period | 2018 - 2028 |
Base Year For Estimation | 2021 |
Forecast Data Period | 2024 - 2028 |
Historical Data Period | 2018 - 2020 |
CAGR | > 1.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Turboprop Aircraft Market Analysis
The Middle-East and Africa turboprop aircraft market is expected to exhibit a growth rate of more than 1.5% during the forecast period.
- The rise in air passenger traffic growth is leading to increased investment in commercial and general aviation industry, development of new medium and small-sized airports, fleet expansion, and introduction of short-haul routes to cater to the regional aviation demand. This factor is propelling the market growth for turboprop aircraft in the Middle-East and Africa regions.
- The growing aviation emission across the region is propelling the growth in demand for low emission options such as biofuels, electric propulsion technology, and propeller aircraft. Countries in the region are actively participating in carbon reduction programs such as CORSIA which is expected to propel the demand for propeller aircraft, especially in the Middle-East region.
- The rise in military spending to modernize and expand the existing fleet is also significantly propelling the market growth for turboprop aircraft market in the region. The demand for trainer aircraft and military transport aircraft are driving the demand for aircraft models such as Pilatus PC-12, Beechcraft T-6, Lockheed Martin C-130J, etc.