Middle East & Africa Aircraft Video Surveillance Market
No. of Pages: 82 | Report Code: TIPRE00021771 | Category: Electronics and Semiconductor
No. of Pages: 82 | Report Code: TIPRE00021771 | Category: Electronics and Semiconductor
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.
Strategic insights for the Middle East & Africa Aircraft Video Surveillance provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 28.75 Million |
| Market Size by 2027 | US$ 34.08 Million |
| Global CAGR (2020 - 2027) | 3.2% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By System Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Aircraft Video Surveillance refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
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
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.
The Middle East & Africa Aircraft Video Surveillance Market is valued at US$ 28.75 Million in 2019, it is projected to reach US$ 34.08 Million by 2027.
As per our report Middle East & Africa Aircraft Video Surveillance Market, the market size is valued at US$ 28.75 Million in 2019, projecting it to reach US$ 34.08 Million by 2027. This translates to a CAGR of approximately 3.2% during the forecast period.
The Middle East & Africa Aircraft Video Surveillance Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Aircraft Video Surveillance Market report:
The Middle East & Africa Aircraft Video Surveillance Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Aircraft Video Surveillance Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Aircraft Video Surveillance Market value chain can benefit from the information contained in a comprehensive market report.
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