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The Middle East region is expected to grow at a substantial CAGR in the forecast period. The Middle East aviation MRO software market size is projected to grow at a CAGR of 5.08% during the forecast period. The global market for aviation MRO software is projected to grow from USD 7.32 billion in 2022 to USD 10.61 billion by 2030.
WE ARE IN THE PROCESS OF REVAMPING Middle East Aviation MRO Software Market WITH RESPECT TO RUSSIA-UKRAINE CONFLICT
Request SampleThe market players now are heavily investing and spending on improving, acquiring, and merging with businesses to maintain their market position and capture as much Middle East Aviation MRO software market share as possible. Presence of limited market players and developing economies provides an opportunity for growth and expansion in the forecast period.
Our Middle East aviation MRO software market report covers the following countries/regions: Saudi Arabia, Qatar, UAE, and the Rest of the Middle East.
Growing Investments, Acquisitions, Partnerships, Mergers, and Emerging Players to Offer New Growth Opportunities
The recent industry trends show the emergence of new companies in the Middle East region. Companies such as Saudia Aerospace Engineering Industries, Emirates Engineering, and Rolls Royce Holding PLC are emerging as major market players in the region. They are anticipated to drive the Middle East Aviation MRO software market growth in the forecast period owing to a robust global presence and internal mergers, acquisitions, partnerships, and heavy R&D. For instance, in December 2022, a subsidiary of SAUDIA Group, Saudia Aerospace Engineering Industries (SAEI), partnered with U.K.-based location intelligence platform provider- Ubisense to realize advanced digitization for MRO operations. A higher focus on providing best-in-class services and software is expected to boost the market size in the long run.
Increase in Fleet and Demand for New Aircraft to Accelerate Market Growth
The growing demand for new aircraft is a major factor of growth in the Middle East aviation MRO market as part of the fleet expansion and modernization programs initiated by airlines operating in the region. Furthermore, an increasing initiative in the form of partnership among aircraft MRO providers is anticipated to drive their technical capabilities, enabling them to service next-gen aircraft procured by airlines. A successful growth in the fleet and demand for new aircraft is also due to rise in the number of travelers in the post-pandemic period, which is going to rise exponentially in the forecast period.
Growing Cross-Border Tension and Ongoing War Conditions to Limit the Market Growth
Despite growth indications in the market, a raging war between Russia and Ukraine is anticipated to limit market growth in the forecast period. The ongoing Russia-Ukraine war has dramatically affected the global economy and given rise to inflation. Before the war, the COVID-19 pandemic and blockage on the Suez Canal heavily affected the global supply chain. Additionally, cross-border tensions, booming terrorism and cold wars among some countries in the Middle East will further hinder the growth of aviation MRO software market in the region.
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In terms of competitive landscape, Etihad Airways Engineering LLC and Emirates Engineering are the primary players in the Middle East market, owing to an active involvement in R&D investments and strong product offerings, for the acceleration of product launches and approvals.
Other prominent player Rolls Royce Holding PLC is also leading the market due to their strong distribution network and diverse aesthetic indications for their product portfolio. Some other major players are Saudia Aerospace Engineering Industries, Raytheon Technologies Corporation, and others. These companies are focused on strengthening their product portfolio and distribution network through strategic collaboration and partnerships to increase their market share in the Middle East market.
The market report provides qualitative and quantitative insights on the market and a detailed analysis of the market size & growth rate for all possible segments in the market. Along with the Middle East aviation MRO software market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are overview of the number of procedures, an overview of price analysis of types of services, overview of the regulatory scenario by key countries, pipeline analysis, new services launches, key industry developments – mergers, acquisitions & partnerships - and the impact of COVID-19 on the market.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 5.08% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Solution
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By Function
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By Point of Sale
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By Deployment Type
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By End-user
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Growing at a CAGR of 5.08%, the market will exhibit steady growth in the forecast period (2023-2030).
Increasing demand for new aircraft as part of the fleet expansion and modernization programs initiated by airlines are the major factors driving the market growth.
Etihad Airways Engineering LLC and Emirates Engineering are the major players in the Middle East& Africa market.
Saudi Arabia dominated the market in 2022.
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