| Label | Commercial | Military |
|---|---|---|
| 2015 | 3413.8 USD Mn | 2108.3 USD Mn |
| 2016 | 3631 USD Mn | 2212.8 USD Mn |
| 2017 | 3863.1 USD Mn | 2323 USD Mn |
| 2018 | 4118.1 USD Mn | 2443.4 USD Mn |
| 2019 | 4397.8 USD Mn | 2574.6 USD Mn |
| 2020 | 4699.8 USD Mn | 2714.7 USD Mn |
| 2021 | 5044 USD Mn | 2874.6 USD Mn |
| 2022 | 5413.4 USD Mn | 3043.8 USD Mn |
| 2023 | 5809.9 USD Mn | 3222.9 USD Mn |
Data Source: Wantstats Repository
The Middle East and Africa (MEA) region has been steadily growing in its aviation industry, and with it comes the demand for aftermarket aircraft parts. The growing number of airlines and aircraft in the region is driving the demand for aftermarket parts to keep these fleets running efficiently. The aftermarket market in this region is estimated to reach a value of $4.6 billion by 2024, indicating a significant demand for aircraft parts. One of the major applications driving the demand for aftermarket aircraft parts in the MEA region is the maintenance, repair, and overhaul (MRO) sector. As airlines continue to expand their operations, the need for regular maintenance and repair of their aircraft is also increasing. This leads to a constant need for replacement parts to ensure the safety and efficiency of these aircraft. Additionally, the MEA region is known for its extreme weather conditions, which can cause wear and tear on aircraft components, further driving the demand for aftermarket parts in the MRO sector. Another important application of aftermarket aircraft parts in the MEA region is the modification and upgrade of aircraft.
With the advancements in technology and increasing safety regulations, airlines are constantly looking to upgrade their existing aircraft to meet these standards. This creates a need for specialized aftermarket parts that can improve the performance, safety, and efficiency of these aircraft. The military and defense sector also plays a significant role in driving the demand for aftermarket aircraft parts in the MEA region. With the growing instability and conflict across the region, governments are investing in their defense capabilities. This includes the upgrade and maintenance of their existing military aircraft, creating a demand for aftermarket parts. Furthermore, the MEA region is also witnessing an increase in leisure and business travel, leading to a rise in demand for commercial aircraft. The constant need to keep these aircraft operational and efficient leads to a higher demand for aftermarket parts for maintenance and repair. In conclusion, the demand for aftermarket aircraft parts in the MEA region is being driven by the growth in the aviation industry, increasing aircraft maintenance needs, upgrades and modifications, and the defense sector. As the region continues to expand and modernize its aviation capabilities, the demand for aftermarket parts is expected to remain strong in the years to come.
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2024.
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Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Sales Operations & Pricing Manager, Intel
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Sales Leader, Bamberg
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Account and Business Manager, EFS-Holland BV
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Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Middle East & Africa Aircraft Aftermarket Parts Market by Application
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