Middle East and Africa Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered and Application

Middle East and Africa Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered and Application

  • August 2021 •
  • 108 pages •
  • Report ID: 6134333 •
  • Format: PDF
The Middle East and Africa fixed-base operator market is projected to reach US$ 3,665.62 million by 2028 from US$ 2,723.54 million in 2021; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

The fixed-based operator market in the Middle East and Africa is further segmented into South Africa, Saudi Arabia, the UAE, and the eest of the Middle East and Africa.Many airports in the region are known for offering modern facilities to passengers, and they are further undergoing modernization, decongestion, and expansion activities.

Continuous surge in the number of individuals with high net-worth is driving passengers’ preference toward private aircraft, which is a major factor contributing to the fixed-base operator market growth in the Middle East and Africa Furthermore, the rising travel and tourism sector in the region is bolstering the growth of the general aviation industry. However, fluctuations in oil prices may pose a threat to this industry, as most of the Middle Eastern countries are oil-based economies.

Middle East and Africa, especially South Africa, witnessed an unprecedented rise in the number of COVID-19 cases in 2020.The pandemic conditions resulted in a decrease in aviation and defense activities, consequently lowering the demand for fixed-base operating activities in the first half of 2020.

Moreover, decline in the overall travel activities has led to discontinuation of fixed-base operator projects in UAE and Saudi Arabia, among other Middle East and African countries. However, the countries are likely to overcome the consequences of the drop in demand with the economic activities regaining their pace, especially from the beginning of 2021.

Based on application, the Middle East and Africa fixed-base operator market is segmented into business aviation and leisure aviation.The business aviation segment is expected to grow at a faster CAGR during the forecast period.

Turbofan-powered aircraft, specifically designed to transport small groups of people or families, are used for business aviation.The procurement of such aircraft by individuals (VIPs and athletes), governments, corporates, and charter service providers is rising in the Middle East and African countries.

Business aviation is specifically selected for intercity travel by businessmen to save time.

The overall Middle East and Africa fixed-base operator market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Middle East and Africa fixed-base operator market with respect to all the segments.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Middle East and Africa fixed-base operator market. A few of the key companies operating in the market are dnata Corporation; General Dynamics Corporation; Jetex; Luxaviation; Signature Aviation; Swissport International AG; and Tag Aviation.
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