How the Middle East aviation market may look in 2036

Regional airlines forecast to see an extra 322 million passengers a year within 20 years
How the Middle East aviation market may look in 2036
(KARIM SAHIB/AFP/Getty Images - for illustrative purposes only)
By Staff writer
Sat 04 Nov 2017 02:31 AM

The Middle East's aviation market is forecast to grow by 5 percent and will see an extra 322 million passengers a year on routes to, from and within the region by 2036.

A report by the International Air Transport Association (IATA) said the total market size will expand to 517 million passengers within 20 years.

Globally, IATA said it expects 7.8 billion passengers to travel in 2036, a near doubling of the 4 billion air travellers expected to fly this year.

The prediction is based on a 3.6 percent average Compound Annual Growth Rate (CAGR).

"All indicators lead to growing demand for global connectivity. The world needs to prepare for a doubling of passengers in the next 20 years. It’s fantastic news for innovation and prosperity, which is driven by air links. It is also a huge challenge for governments and industry to ensure we can successfully meet this essential demand," said Alexandre de Juniac, IATA’s director general and CEO.

IATA said the biggest driver of demand will be the Asia-Pacific region which will be the source of more than half the new passengers over the next two decades.

China will displace the United States as the world’s largest aviation market around 2022, it added.  

IATA predicted that the five fastest-growing markets in terms of annual additional passengers in 2036 compared to 2016 will be China, the US, India, Indonesia and Turkey.

Many of the fastest-growing markets are achieving a compound growth rate of more than 7.2 percent per year, meaning their market will double in size each decade. Most of these markets are in Africa, including Sierra Leone, Benin, Mali, Rwanda, Togo, Uganda, Zambia, Senegal, Ethiopia, Ivory Coast, Tanzania, Malawi, Chad, Gambia and Mozambique.

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.