Boeing Forecasts Middle East Aviation Services Market at $745 Billion


Reading time ( words)

Boeing projects the Middle East will require $745 billion in aviation services through 2037 to keep pace with growing passenger and freight traffic in the region, according to a new report released today at MRO Middle East in Dubai.

The high value services market is largely driven by the demand for nearly 3,000 new commercial airplanes in the Middle East over the next twenty years, more than tripling the existing fleet. The growing fleet requires aviation services, including supply chain support (parts and parts logistics), maintenance and engineering services, and aircraft modification.

Boeing's Services Market Outlook (SMO) 2018-2037 – Middle East Perspective forecasts growing need for services that increase fleet productivity and reduce operating costs. Among the report's findings:

  • The Middle East will drive more than 8 percent of global demand for aviation services, representing $745 billion, and growing at a projected 4.6 percent annually.
  • Nearly 218,000 new personnel – 60,000 pilots, 63,000 technicians, and 95,000 cabin crew – will be needed in the Middle East over the next 20 years.

"The Middle East is an unmatched location to connect the growing markets of Asia, Europe and Africa. This feeds the appetite in the region for new commercial airplanes and the services to operate and maintain those jets," Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company.

Boeing has a unique advantage in providing aviation services as it can draw upon the expertise of its commercial airplanes and defense businesses to provide more value to customers.

"Our Middle East customers gain tremendous value when we pair their operational knowledge with our OEM expertise, advanced technologies, and decision support tools to help maximize efficiency in their operations," said Debra Santos, Chief Marketing Officer, Commercial Services for Boeing Global Services. "This gives their passengers a positive flight experience that keeps them coming back."

Boeing Global Services continues to outpace the aerospace services market growth rate of 3.5% as it broadens its portfolio of solutions to meet customer needs.

Share

Print


Suggested Items

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.

DARPA, Santa Continue HO HO HO-liday Team-Up

12/26/2017 | DARPA
DARPA’s High-speed Optimized Handling of Holiday Operations (HO HO HO) initiative is celebrating its fourth anniversary this year, and the Agency is proud to continue its tradition of sharing breakthrough technologies to help Santa Claus and his elves more quickly and efficiently complete their holiday duties.

International Partners Provide Science Satellites for America’s Space Launch System Maiden Flight

05/30/2016 | NASA
NASA’s new Space Launch System (SLS) will launch America into a new era of exploration to destinations beyond Earth’s orbit. On its first flight, NASA will demonstrate the rocket’s heavy-lift capability and send an uncrewed Orion spacecraft into deep space.



Copyright © 2019 I-Connect007. All rights reserved.