The Middle Eastern and African countries are witnessing a rise in demand for aircraft video surveillance solutions to enhance aircraft security standards. According to the Federal Aviation Administration in the Middle East, the aviation industry is experiencing an annual growth rate of 10%. Similarly, African countries are experiencing growth in the aviation industry after an increase in air passenger count due to the liberalization of air service agreements. The IATA projects growth in annual passengers by almost 5.9% over the next 20 years, which accounts for more than 300 million additional air passengers.
Key players of various countries in the region are identifying the potential of implementing advanced technologies in aircraft. The aviation industry in this region is strengthening the aircraft fleet to enhance air transportation services. For instance, in November 2019, Middle East Airlines (MEA), the national airline of Lebanon, procured a new aircraft fleet from Airbus. four A330NEOs, eleven A321NEOs, and four A321XLRs aircraft would be added to the fleet. Similarly, the UAE is also enhancing its aircraft fleet to meet the need for increased international flights. For instance, in September 2017, ~90 million passengers have been registered at Dubai International Airport. The country has plans to increase the business jet fleet by over 1,375 registered business jets in the near future. The country is investing strong capital to meet the robust demand for aircraft, aircraft parts, aircraft equipment, and services.
Increasing number of passengers has created the need for additional aircraft in the commercial sector. Countries are setting new goals for aviation industry growth and procuring new aircraft to meet the demand. For instance, in October 2020, Kuwait Airways has received the delivery of the first two Airbus A330neos. The country is equipping new aircraft having mid-sized cMEAity with excellent traveling range for long-distance flights.
Market Overview and Dynamics
The Aircraft Video Surveillance market in MEA is expected to grow from US$ 28.75 Mn in 2019 to US$ 34.08 Mn by 2027; it is estimated to grow at a CAGR of 3.2% from 2020 to 2027. The escalating demand for enhanced security in aircraft has led to increase in the adoption Aircraft Video Surveillance. Countries with high GDP—the US among others—are vigorously carrying out large-scale industrialization and infrastructure developments. Moreover, escalating volumes of aircraft order and delivery is further expected to bolster the market growth.
Key Market Segments
The aircraft video surveillance market is segmented into system type, fit type, aircraft type and country. Based on system type, the market is segmented into cockpit door surveillance systems, cabin surveillance systems, and environmental cameras system. In 2019, the cockpit door surveillance systems held the largest share MEA aircraft video surveillance market. Based on fit type the aircraft video surveillance market is divided into retrofit and Line-fit. Similarly, based on aircraft type, the market is bifurcated into wide body aircraft and narrow-body aircraft. The narrow-body aircraft segment contributed a substantial share in 2019
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA aircraft video surveillance market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Some of the key companies listed in the report are AD Aerospace Ltd., Cabin Avionics Ltd., Kappa-Optronics GmbH, Global Eagle Entertainment Inc, Collins Aerospace, Parker Hannifin Corp., BAE Systems Plc, and KID-Sys, among others.
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MEA Aircraft Video Surveillance Market SEGMENTATION
MEA Aircraft Video Surveillance Market – By System Type
MEA Aircraft Video Surveillance Market – By Fit Type
MEA Aircraft Video Surveillance Market – By Aircraft Type
MEA Aircraft Video Surveillance Market – By Country
Company Profile