Latin America Commercial Aircraft Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Latin America Commercial Aircraft Market has been segmented by Application (Passenger Aircraft and Freighters), and Geography. The report offers market size and forecasts for Latin America Commercial Aircraft Market in value (USD billion) for all the above segments.

Latin America Commercial Aircraft Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Latin America Commercial Aircraft Market Size

South America Aviation Market Size
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 10.00 %
Market Concentration High

Major Players

Latin America Commercial Aircraft Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Latin America Commercial Aircraft Market with other markets in Aerospace & Defense Industry

Defense

Airport Operations

Aviation

Aerospace & Defense Technology

Air Taxi

Aircraft Parts

Latin America Commercial Aircraft Market Analysis

The Latin America Commercial Aircraft Market is expected to register a CAGR of greater than 10% during the forecast period.

Due to the impact of COVID-19, the aviation industry in the Latin America region was severely affected as the total air passenger traffic decreased greatly in 2020, which led to a reduction in the revenues of airlines. The pandemic, coupled with an earlier financial crisis, led to the bankruptcy of several airlines and the ceasing of their operations. However, in 2021, the passenger traffic in the region began to recover gradually, which led to the restructuring of airlines from bankruptcy.

As the passenger traffic in the region recovered in 2021, the airlines and aircraft operators are undertaking fleet modernization and could plan to expand their fleet and introduce new generation aircraft by replacing aging aircraft fleet. In addition to the passenger aircraft fleet, the growing demand for cargo over the past few years is propelling the demand for the procurement of new and advanced cargo aircraft. This is expected to drive the market's growth during the forecast period.

Latin America Commercial Aircraft Industry Overview

The market of Latin American commercial aircraft is highly consolidated, with few players accounting for the majority share in the market. The prominent players in the Latin American commercial aircraft market are Airbus SE, The Boeing Company, Embraer SA, ATR, and Rostec. About 60% of the existing commercial fleet in the region is composed of Airbus aircraft, and the remaining fleet majorly includes aircraft from Boeing, Embraer, and ATR. Airbus and Boeing are expected to continue their dominance in the future as they have over 350 aircraft and over 150 aircraft on order (as of March 2022), respectively. The largest order for Airbus is from Mexico's Volaris, whereas the largest order for Boeing is from GOL Linhas Aereas of Brazil. In addition to the demand for passenger aircraft, the aircraft OEMs are expanding their share in the market through the deliveries of new and advanced cargo aircraft. On this note, in March 2022, LATAM group announced that its cargo division received the second of 10 Boeing 767 converted freighters. The aircraft were ordered as a part of plans to expand its cargo business and would serve Colombia, Brazil, and Central America markets. The remaining aircraft are planned to be delivered by the end of 2023. Such aircraft orders and deliveries are expected to support the growth of aircraft OEMs in the commercial aircraft market.

Latin America Commercial Aircraft Market Leaders

  1. Airbus SE

  2. The Boeing Company

  3. Embraer SA

  4. ATR

  5. Rostec

  6. *Disclaimer: Major Players sorted in no particular order
Embraer SA, Airbus SE, Boeing Company, Lockheed Martin Corporation, Bombardier Inc.
Need More Details on Market Players and Competiters?
Download PDF

Latin America Commercial Aircraft Market News

In June 2022, LATAM Brazil announced that the airline received its first Airbus A320neo since the start of the COVID-19 pandemic. The aircraft is the seventh of this model in the LATAM fleet in Brazil and is one of the 70 Airbus A320neo family aircraft ordered by the LATAM group.

In May 2022, GOL Linhas Aereas Inteligentes SA and Avianca announced that the companies would create a joint holding company called Abra Group. The new group is expected to begin operations by the end of 2022, and following the creation of the new group, both the airlines would continue to operate independently and retain their respective brands.

Latin America Commercial Aircraft Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)

  • 5.1 By Application
    • 5.1.1 Passenger Aircraft
    • 5.1.1.1 Narrow-body Aircraft
    • 5.1.1.2 Wide-body Aircraft
    • 5.1.1.3 Regional Jets
    • 5.1.2 Freighters
  • 5.2 By Geography
    • 5.2.1 Brazil
    • 5.2.2 Mexico
    • 5.2.3 Colombia
    • 5.2.4 Rest of Latin America

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Airbus SE
    • 6.1.2 The Boeing Company
    • 6.1.3 Embraer SA
    • 6.1.4 ATR
    • 6.1.5 Rostec
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Latin America Commercial Aircraft Industry Segmentation

Commercial aviation is a part of civil aviation involving scheduled airline services that involve operating aircraft to transport passengers and cargo. The study gives a brief description of the commercial aircraft market worldwide and includes details on air passenger traffic, new routes, investments in airport infrastructure, air freight, and procurement of new aircraft.

The commercial aircraft market is segmented by application into passenger aircraft and freighters. Passenger aircraft are further segmented into narrow, wide, and regional aircraft. The report also offers the market size and forecasts for the aviation market in major countries in the Latin American region. The market size and forecasts for each segment are provided in terms of value (USD billion).

By Application Passenger Aircraft Narrow-body Aircraft
Wide-body Aircraft
Regional Jets
Freighters
By Geography Brazil
Mexico
Colombia
Rest of Latin America
Need A Different Region or Segment?
Customize Now

Latin America Commercial Aircraft Market Research FAQs

What is the current Latin America Commercial Aircraft Market size?

The Latin America Commercial Aircraft Market is projected to register a CAGR of greater than 10% during the forecast period (2025-2030)

Who are the key players in Latin America Commercial Aircraft Market?

Airbus SE, The Boeing Company, Embraer SA, ATR and Rostec are the major companies operating in the Latin America Commercial Aircraft Market.

What years does this Latin America Commercial Aircraft Market cover?

The report covers the Latin America Commercial Aircraft Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Commercial Aircraft Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Latin America Commercial Aircraft Industry Report

Statistics for the 2025 Latin America Commercial Aircraft market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Commercial Aircraft analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.