Middle East & Africa Aircraft Ignition System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Electric Ignition and Magneto Ignition), Component (Ignition Leads, Igniters, Spark Plugs, Exciters, and Others), and Engine Type (Turboprop Engine, Turbofan Engine, Turbojet Engine, and Piston Engine)
The Middle East & Africa aircraft ignition system market is expected to grow from US$ 36.66 million in 2022 to US$ 45.49 million by 2028. It is estimated to grow at a CAGR of 3.7% from 2022 to 2028.
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 speculated 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 Revenue and Forecast to 2028 (US$ Million)
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.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa aircraft ignition system market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa aircraft ignition system market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the aircraft ignition system market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook