Who are the key players in Latin America Aviation Market?

Embraer SA, Airbus SE, Lockheed Martin Corporation, Bombardier Inc. and The Boeing Company are the major companies operating in the Latin America Aviation Market. Read More

What years does this Latin America Aviation Market cover, and what was the market size in 2023?

In 2023, the Latin America Aviation Market size was estimated at USD 11.32 billion. The report covers the Latin America Aviation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Aviation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Latin America Aviation Market Size

Market Size of Latin America Aviation Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
Market Size (2024)	USD 11.39 Billion
Market Size (2029)	USD 11.74 Billion
CAGR (2024 - 2029)	0.61 %
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Latin America Aviation Market Analysis

The Latin America Aviation Market size is estimated at USD 11.39 billion in 2024, and is expected to reach USD 11.74 billion by 2029, growing at a CAGR of 0.61% during the forecast period (2024-2029).

The Latin American aviation market is witnessing a resurgence, propelled by the rising demand for domestic travel and cargo services, alongside the proliferation of low-cost carriers. As travel restrictions ease, passenger flows within the region and toward North America have rebounded, bolstering overall passenger traffic. Countries like Chile, Colombia, and Argentina are witnessing an expansion in aviation services within the Rest of South America. In 2023, the region saw a total air passenger traffic of 47.6 million, slightly down from 48.2 million in 2022.

Several countries, including Brazil and Peru, are moving towards privatizing their airports. This strategic move is poised to enhance airport infrastructure and capacity and bolster the region's general aviation market. Despite economic challenges and the lingering effects of the pandemic, Latin American nations are gearing up to modernize their military aircraft fleets. This move aims to bolster their armed forces and drive growth in the military aviation sector.

Latin America Aviation Industry Segmentation

The Latin American aviation market encompasses the sales of fixed-wing and rotary-wing aircraft in the region's commercial, military, and general aviation sectors. The report offers the latest trends, size, share, and market overview.

The Latin American aviation market is segmented by type and geography. By type, the market is segmented into commercial, military, and general aviation. The report also covers the market sizes and forecasts for the three countries across the region. For each segment, the market size is provided in terms of value (USD).

By Type
		Commerical Aircraft
		Military Aircraft
		General Aviation

By Geography
		Brazil
		Mexico
		Argentina
		Rest of Latin America

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Latin America Aviation Market Size Summary

The Latin American aviation market is experiencing a resurgence, driven by increased demand for domestic travel and cargo services, alongside the growth of low-cost carriers. As travel restrictions have eased, passenger traffic within the region and towards North America has rebounded, enhancing overall market dynamics. Countries such as Chile, Colombia, and Argentina are expanding their aviation services, while Brazil and Peru are moving towards airport privatization to improve infrastructure and capacity. Despite economic challenges, there is a push to modernize military aircraft fleets, which is expected to stimulate growth in the military aviation sector. The commercial segment is set to dominate, with a significant increase in aircraft deliveries and passenger traffic, reflecting the region's ongoing appetite for new planes.

The demand for air travel is further bolstered by the burgeoning middle class in Brazil, which is driving domestic air traffic growth. The introduction of low-cost carriers has transformed the Brazilian aviation landscape, offering competitive pricing and stimulating interest in short-haul routes. Brazil leads South America in general aviation, with a substantial portion of the region's fleet based there. Strategic acquisitions in both military and civilian aircraft are anticipated to drive market demand. The Latin American aviation market is consolidated, with key players like Lockheed Martin, Embraer, Bombardier, Airbus, and Boeing dominating. Government initiatives and technological advancements are expected to propel market growth, with collaborations on new military aircraft models benefiting local manufacturers.

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Latin America Aviation Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Market Overview
2. 1.2 Market Drivers
3. 1.3 Market Restraints
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Threat of New Entrants
  2. 1.4.2 Bargaining Power of Buyers/Consumers
  3. 1.4.3 Bargaining Power of Suppliers
  4. 1.4.4 Threat of Substitute Products
  5. 1.4.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 By Type
  1. 2.1.1 Commerical Aircraft
  2. 2.1.2 Military Aircraft
  3. 2.1.3 General Aviation
2. 2.2 By Geography
  1. 2.2.1 Brazil
  2. 2.2.2 Mexico
  3. 2.2.3 Argentina
  4. 2.2.4 Rest of Latin America