According to the Airbus Global Market Forecast the aircraft in the Middle East will more than double from 1,250 to 3,320 by 2036 with the passenger traffic expected to grow by 5.9% annually.
In the next two decades the market in the Middle East will need about 2,590 new aircraft to replace 520 older generation aircraft, and 2,070 aircraft for growth. According to the forecast the demand will be for 1,080 twin-aisle aircraft, 1,080 single-aisle aircraft, and 430 very large aircraft. The total value for replacing and supplementing the Middle East fleet is estimated to be $600 billion out of a total market value of $5.3 trillion.
The passenger traffic from and to countries in the Middle East is also expected to grow more rapidly than the average global traffic. The Middle East traffic will grow by 5.9% per year while globally the expected increase is by 4.4%. The highest growth is expected to be to Latin america by 8.5% annually up to 2036.
“Thanks to the A350, the A380 and also the A320 Family, most people around the world are just one flight away from the Middle East. The region’s proximity to the world’s population and growth markets has been a key in its aviation success and Airbus is proud to have been a partner in its development from day one,” said John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft.