Middle East and Africa Fixed-Base Operator Market Analysis and Opportunities by 2028

The Middle East and Africa fixed-base operator market is expected to grow from US$ 2,723.54 million in 2021 to US$ 3,665.62 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028.

Majority of fixed-base operators are doing their business at moderate to high traffic airports. The key drivers for the fixed-base operator market are development in Middle East and Africa airport infrastructures and growth in business aviation sector. The increasing number of individuals with ultrahigh net worth in developing regions is a one of the key factors boosting the business of the Middle East and Africa aviation sector. The market is expected to grow in Middle East and Africa as falling prices of used corporate aircraft make operating leases more attractive for buyers. The demand for business jets is increasingly high due to mounting international trade and businesses, and surge in corporate travel activities, especially including managerial executives. The growing demand for business aviation, along with increasing disposable income, is creating growth avenues for the companies operating in the fixed-base operator market in the region. There is a strong presence of fixed-base operator network, and demand for business and leisure aviation is also high in many countries. With the growing demand for business aviation services for enhanced travel experience in these countries, the market in Middle East and Africa is expected to grow at an accelerated rate in the coming years.

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.

With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa fixed-base operator market. The rising demand for business and private jets, including both small and large aircraft, is one of the significant factors driving the business growth of hangaring service providers. The steady rise in air traffic has created a need for new aircraft. The OEMs are also focusing on the development of new-generation aircraft with reduced fuel consumption, large size, and low noise and carbon emissions. As a result, the demand for hangars has increased in the recent time. The design of aircraft hangars has also undergone significant changes to suit the changing aircraft sizes and technologies, with modern aircraft hangars being fitted with temperature control and security devices. At some locations, the fixed-base operators are focusing on the expansion of the hangar size, owing to overcapacity situations, and some are patiently waiting for the announcement of revised National Fire Protection Association (NFPA) 409 code, related to aviation hangars. Thus, the trend of constructing large hangars to cater to the growing number of small and large aircraft is a key trend that support the growth of fixed-base operator market in the near future.

Middle East and Africa Fixed-Base Operator Market Segmentation

• Middle East and Africa Fixed-Base Operator Market – By Services Offered
  • Hangaring
  • Fuelling
  • Flight Instructions
  • Aircraft Maintenance
  • Aircraft Rental
• Middle East and Africa Fixed-Base Operator Market – By Application
  • Business Aviation
  • Leisure Aviation
• Middle East and Africa Fixed-Base Operator Market – By Country
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa

Middle East and Africa Fixed-Base Operator Report Scope