Reports
Sale
Latin America Aviation Market Size, Share, Analysis, Trends: By Type: Commercial Aviation, General Aviation, Military Aviation; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators of Demand, Key Indicators of Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Latin America Aviation Market Outlook
The Latin America aviation market size was valued at USD 38.55 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 56.59 billion by 2032.
Key Takeaways
- As per industry reports, in 2021, overall traveller numbers were 47% of 2019 levels, which improved to 83% in 2022 and 94% in 2023. Projected to increase to 103% in 2024, and 111% in 2025.
- In 2021, international traveller numbers were 27% of 2019 levels, which improved to 69% in 2022 and 82% in 2023. Projected to increase to 92% in 2024 and 101% in 2025.
- The International Air Transport Association (IATA) expects total number of travellers to reach 4.0 billion in 2024.
- Prominent players in the market are Airbus SE, Dassault Aviation SA, Lockheed Martin Corporation, and Bombardier Inc.
The Latin America aviation market share has been growing due to the growing passenger traffic driven by rising disposable income, improved air connectivity, and competitive airfares. For instance, in 2022, the International Air Transport Association (IATA) reported a 73.2% year-on-year increase in international passenger traffic in Latin America, which presents opportunities for airlines to expand their routes and frequencies.
Additionally, the expansion and modernisation of airports to accommodate the growing demand for air travel, enhance operational efficiency, improve passenger experience, and elevate safety standards are fuelling Latin America aviation market growth. For example, the Brazilian government has invested in the modernisation of airports in major cities like São Paulo and Rio de Janeiro, while the Mexican government has announced plans to build a new airport in Mexico City to replace the overcrowded Benito Juarez International Airport.
The emergence of low-cost carriers in Latin America has revolutionised the aviation market, making air travel more affordable and accessible to a broader segment of the population, stimulating competition, improving services, and increasing air connectivity. For instance, carriers like Viva Air, JetSmart, and Volaris have introduced low-cost business models, offering competitive airfares and simplified services, leading to increased demand for air travel in the region.
The commercial aviation segment is growing due to the demand for freighter aircraft, which is driven by the growing e-commerce sector and the need for efficient cargo transportation. The general aviation market in Latin America includes helicopter operations for various purposes, such as tourism, medical evacuation, and offshore oil and gas operations. Brazil is the largest market for helicopters in the region, followed by Mexico and Argentina. The business jet market in Latin America is growing, driven by the increasing demand from high-net-worth individuals and corporations.
Market Segmentation
Latin America Aviation Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Commercial Aviation
- Freighter Aircraft
- Passenger Aircraft
- General Aviation
- Helicopter
- Business Jets
- Piston Fixed-Wing Aircraft
- Turboprop Aircraft
- Military Aviation
- Combat Aircraft
- Non-combat Aircraft
Market Breakup by Country
- Brazil
- Mexico
- Argentina
- Others
Competitive Landscape
Market players are focused on providing low-cost carriers across aviation industry to stay ahead in the competition.
- Airbus SE
- Dassault Aviation SA
- Lockheed Martin Corporation
- Bombardier Inc.
- The Boeing Company
- Cirrus Design Corporation (Cirrus Aircraft)
- Pilatus Aircraft Ltd.
- Diamond Aircraft Industries GmbH
- Piper Aircraft, Inc.
- Embraer S.A.
- Leonardo S.p.A.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Aviation Market Overview
8.1 Key Industry Highlights
8.2 Global Aviation Historical Market (2018-2023)
8.3 Global Aviation Market Forecast (2024-2032)
8.4 Global Aviation Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Aviation Market Overview
9.1 Key Industry Highlights
9.2 Latin America Aviation Historical Market (2018-2023)
9.3 Latin America Aviation Market Forecast (2024-2032)
10 Latin America Aviation Market by Type
10.1 Commercial Aviation
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Freighter Aircraft
10.1.3.2 Passenger Aircraft
10.2 General Aviation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Helicopter
10.2.3.2 Business Jets
10.2.3.3 Piston Fixed-Wing Aircraft
10.2.3.4 Turboprop Aircraft
10.3 Military Aviation
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Combat Aircraft
10.3.3.2 Non-combat Aircraft
11 Latin America Aviation Market by Country
11.1 Brazil
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mexico
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Argentina
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Trade Data Analysis (HS Code: 8802)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Airbus SE
14.2.1.1 Company Overview
14.2.1.2 Type Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Dassault Aviation SA
14.2.2.1 Company Overview
14.2.2.2 Type Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Lockheed Martin Corporation.
14.2.3.1 Company Overview
14.2.3.2 Type Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Bombardier Inc.
14.2.4.1 Company Overview
14.2.4.2 Type Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 The Boeing Company
14.2.5.1 Company Overview
14.2.5.2 Type Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Cirrus Design Corporation (Cirrus Aircraft)
14.2.6.1 Company Overview
14.2.6.2 Type Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Pilatus Aircraft Ltd.
14.2.7.1 Company Overview
14.2.7.2 Type Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Diamond Aircraft Industries GmbH
14.2.8.1 Company Overview
14.2.8.2 Type Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Piper Aircraft, Inc.
14.2.9.1 Company Overview
14.2.9.2 Type Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Embraer S.A.
14.2.10.1 Company Overview
14.2.10.2 Product Portfolio
14.2.10.3 Demographic Reach and Achievements
14.2.10.4 Certifications
14.2.11 Leonardo S.p.A.
14.2.11.1 Company Overview
14.2.11.2 Product Portfolio
14.2.11.3 Demographic Reach and Achievements
14.2.11.4 Certifications
14.2.12 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aviation Market: Key Industry Highlights, 2018 and 2032
2. Latin America Aviation Market: Key Industry Highlights, 2018 and 2032
3. Latin America Aviation Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Latin America Aviation Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Latin America Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
6. Latin America Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
7. Major Importing Countries by Volume
8. Major Exporting Countries by Volume
9. Major Importing Countries by Value
10. Major Exporting Countries by Value
11. Latin America Aviation Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 38.55 billion.
The market is expected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 56.59 billion by 2032.
The market is being driven due to the growing passenger traffic driven by rising disposable income, improved air connectivity, and competitive airfares.
Key trends aiding the market expansion include rising tourism levels, emergence of low-cost carriers, and expansion and modernisation of airports.
Countries considered in the market are Brazil, Mexico, and Argentina, among others.
Based on type, the market segmentations include commercial aviation (freighter aircraft, passenger aircraft), general aviation (helicopter, business jets, piston fixed-wing aircraft, turboprop aircraft), and military aviation (combat aircraft, non-combat aircraft).
Key players in the market are Airbus SE, Dassault Aviation SA, Lockheed Martin Corporation, Bombardier Inc., The Boeing Company, Cirrus Design Corporation (Cirrus Aircraft), Pilatus Aircraft Ltd., Diamond Aircraft Industries GmbH, Piper Aircraft, Inc., Embraer S.A., and Leonardo S.p.A., among others.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER