Page 90 - Global Power Turkish Defence Industry

Global Aviation With more than 4 billion new passengers, global aviation market will grow to 7.8 billion passengers
by 2036, around one-third of the growth will come from countries around Turkey..

Turkey is set to be 9 largest
th
aviation market in the world
over the next 20 years..
The Largest 10 Passenger Markets
(Ranked by passenger numbers to, from and within each country) Europe
2016 2036
0 1 U S A C H I N A Annual average growth : 2.3%
0 2 C H I N A U S A North America 2017 2027 Additional passengers : 550 million
2017 2027
0 3 U K I N D I A Overall market size (2036): 1.5 billion
0 4 J A P A N I N D O N E S I A Annual average growth : 2.3%
0 5 S P A I N U K Additional passengers : 452 million
0 6 G E R M A N Y J A P A N Overall market size (2036): 1.2 billion
0 7 I N D I A S P A I N
0 8 I T A L Y G E R M A N Y Asia-Pasific
0 9 F R A N C E T U R K E Y MEA
1 0 I N D O N E S I A T H A I L A N D Annual average growth : 5.4% Annual average growth : 4.6%
Additional passengers
: 2.1 billion
Additional passengers : 596 million Overall market size (2036): 3.5 billion
5 Fastest Growing Markets Overall market size (2036): 917 million
(In terms of annual additional passengers in 2036 compared to 2016)
Additional Passengers (million)
1 C H I N A 9 2 1 Latin America
2 U S A 4 0 1 Annual average growth : 4.2%
3 I N D I A 3 3 7
4 I N D O N E S I A 2 3 5 Additional passengers : 421 million
5 T U R K E Y 1 1 9 Overall market size (2036): 757 million

Source: IATA

MRO Turkey is also well-positioned to benefit from Maintenance, Repair, and Overhaul (MRO) business in
the region that hosts 34% of World in-service fleet and accounts for 40% of global MRO market..

Europe
24.4 7,704
North America 21.1 3.3 6,193 1,511

8,295
20.7 7,674 621
18.7 2
2017 2027 2017 2027
MRO ($B) Fleet
World Asia-Pasific
2017 2027 2017 2027
35,508 MRO ($B) Fleet 43.2 13,846
109.2 MEA
10,140 3,367 20.8 6,496
33.6 13.4
25,368 994 22.4 7,350
75.6 4.5 2,373
8.9
Latin America
2017 2027 2017 2027
MRO ($B) Fleet
7.3 2,296 2017 2027 2017 2027
2.8 1,778 518 MRO ($B) Fleet
4.5
2017 2027 2017 2027
MRO Market In-Service Fleet
($B)
2017 2027 2017 2027
MRO ($B) Fleet
Source: Oliver Whyman

90 TURKISH DEFENCE INDUSTRY