Middle East and Africa Aviation Headsets Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (On-Board Headsets, and Ground Support Headsets); Noise Cancellation Type (Active, and Passive), End Use (Commercial Aircraft, Military Aircraft, and General Aviation)
The Middle East and Africa (MEA) aviation headsets market is expected to grow from US$ 78.64 million in 2021 to US$ 90.22 million by 2028. It is estimated to grow at a CAGR of 2.0% from 2021 to 2028.
The commercial aviation sector has maintained a strong fleet size over the years, with Airbus and Boeing being the two most notable aircraft manufacturers in terms of delivery statistics. The commercial aviation industry has witnessed tremendous growth in the past few years with the emergence of new low-cost carriers (LCCs) and fleet expansion strategies adopted by the full-service carriers (FSCs). Further, commercial aviation is foreseen to surge in the coming years owing to the mounting number of air travel passengers and aircraft procurement. According to Boeing Commercial Market Outlook (CMO) 2019-2039, the total number of existing aircraft fleet in 2019 accounted for 25,900, and it is expected to reach 48,400 by 2039. As per Airbus Global Market Forecast, 2019-2038, the commercial aircraft fleet is foreseen to account for 47,680 by 2038, rising from 22,680 recorded at the beginning of 2019. However, the emergence of COVID-19 decimated the demand for aircraft in 2020, resulting in a significantly lower number of deliveries. Nonetheless, as the aviation industry reopened in the Q3 of 2020, the aircraft manufacturers have begun witnessing a rise in demand for their aircraft models.
The market for Middle East and Africa Aviation Headsets Market is segmented into the type, noise cancellation, end use and country. Based on type, the Middle East and Africa Aviation Headsets Market is segmented into on-board headsets, and ground support headsets. In 2021, the on-board headsets segment accounted for the largest market share moreover registered the highest CAGR during the forecast period. The growth of these segments is attributed to rise in the number of operational aircraft in the aviation industry.
The COVID-19 pandemic has negatively impacted the entire MEA aviation industry. The countries in the region imposed air travel bans in early 2020 to curb the spread of the virus, which impaired the aviation industry ecosystem. The region has a limited number of aviation headset suppliers, and the MROs in the region rely heavily on international suppliers. This is the key factor behind the decline in revenues caused by the emergence of COVID-19. Further, the decision to retire or long-term storage of aircraft fleet by various MEA-based airlines resulted in a revenue loss of headset manufacturers and MRO facilities. In addition, Emirates Engineering, South African Airways Technical (SAAT), and other established aircraft MRO players exercised employment cuts to balance the monthly earning and operating cost. The industry has already been experiencing a labor shortage for some time. The COVID-19 has accelerated the labor shortage, negatively impacting aviation headsets' procurement rate in 2020. Due to this, the aviation headset market observed negative year-on-year growth in 2020.
Nonetheless, as airlines in the region are removing their fleet from storage facilities for renewed operations, it is anticipated that, as the aircraft movement surges, the demand for aviation headsets among the aviation vendors is likely to rise, boosting the aircraft pilot accessories market in the coming years.
The overall size of the MEA aviation headsets 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 Aviation Headsets Market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a 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 Aviation Headsets Market. Some of the activities undertaken by the companies, which have promoted market growth are mergers and acquisitions, and market initiatives. The companies includes Lightspeed Aviation, Inc.; Sennheiser electronic GmbH & Co. KG; Faro Aviation; David Clark Company; Bose Corporation; Plantronics, Inc.; Robert Bosch GmbH; and GBH Headsets.
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