Future Engine Orders to Propel Ignition System Demand is Driving the Middle East & Africa Aircraft Ignition System Market
With the surge in passenger traffic, aircraft production is likely to receive notable orders from major airliners. According to CAPA – Centre for Aviation, Airbus and Boeing are expected to deliver thousands of commercial aircraft by the end of 2022. Some of the major contracts and developments have taken place in recent years. For instance, in July 2021, Pratt & Whitney, a Raytheon Technologies business, announced to have received an order of more than 800 units of GTF engines from different customers. Out of these, AerCap had ordered GTF Engines for 80 Airbus A320neo Family Aircraft. Thus, the rising orders for aircraft engines and increasing in-service engine volume due to expanding fleet of aircraft are projected to generate an opportunity for aftermarket overhaul replacement in the aircraft ignition system market across the region, thereby driving the Middle East & Africa aircraft ignition system market.
Middle East & Africa Aircraft Ignition System Market Overview
The Middle East & Africa aircraft ignition system market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Israel Aerospace Industries Atlas Aircraft Corporation, and Jabiru are among the key aircraft supplier operating across the region, which generate a notable demand for aircraft engines. MTU Maintenance and General Electric Company are a few of the aircraft engine manufacturers in the region. The growing need for engines is, in turn, bolstering the demand for engine components in the Middle East & Africa. Additionally, many MRO engine service providers offering upkeep and replacement services to airlines and aircraft manufacturers have prominent presence across the Middle East & Africa. A few of the engine maintenance, repair, and operation (MRO) service providers operating in the Middle East & Africa include Emirates Engineering, Turkish Technic Inc., Etihad Engineering., and South African Airways Technical (SAAT). Initiatives by these companies to enhance their service offering capabilities are contributing to the growth of the Middle East & Africa aircraft ignition system market.
Middle East & Africa Aircraft Ignition System Market Segmentation
The Middle East & Africa aircraft ignition system market is segmented based on component, type, engine type, and country.
Based on component, the Middle East & Africa aircraft ignition system market is segmented into ignition leads, igniters, spark plugs, exciters, and others. The spark plugs segment held the largest market share in 2022.
Based on type, the Middle East & Africa aircraft ignition system market is bifurcated into electric ignition and magneto ignition. The electric ignition segment held a larger market share in 2022.
Based on engine type, the Middle East & Africa aircraft ignition system market is segmented into turboprop engine, turbofan engine, turbojet engine, and piston engine. The turbofan engine segment held the largest market share in 2022.
Based on country, the Middle East & Africa aircraft ignition system market has been categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa dominated the market in 2022.
Champion Aerospace Inc, Continental Aerospace Technologies Inc, Sonex LLC, Surefly Partners Ltd, and Tempest Aero Group LLC are the leading companies operating in the Middle East & Africa aircraft ignition system market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 36.66 Million |
| Market Size by 2028 | US$ 45.49 Million |
| CAGR (2022 - 2028) | 3.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Aircraft Ignition System Market is valued at US$ 36.66 Million in 2022, it is projected to reach US$ 45.49 Million by 2028.
As per our report Middle East & Africa Aircraft Ignition System Market, the market size is valued at US$ 36.66 Million in 2022, projecting it to reach US$ 45.49 Million by 2028. This translates to a CAGR of approximately 3.7% during the forecast period.
The Middle East & Africa Aircraft Ignition System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Aircraft Ignition System Market report:
The Middle East & Africa Aircraft Ignition System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Aircraft Ignition System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Aircraft Ignition System Market value chain can benefit from the information contained in a comprehensive market report.
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