South America Aviation Market Size, Growth & Industry [2031]
South America Aviation Market Size, Growth & Industry [2031]
Segments - South America Aviation Market by Types (Military Aircraft, Commercial Aircraft, and General Aviation), and Geography (Brazil, Mexico, Colombia, and Rest of South America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AD-3264
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| 202 Pages
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Report Description
South America Aviation Market Outlook
The South America Aviation Market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 7% during 2023–2031. The growth of the market is attributed to the growing advancement in the aviation industry and demand for affordable air transportation facilities.
The aviation industry broadly includes all aspects of air travel and transport activities such as aircraft manufacturing and research companies, airline industry, and military aviation.
The importance of the modern aviation industry is reflected by the globalized nature of the industry that contributes in worldwide connectivity. The aviation industry is one of the major factors that supports the global economy as it improves tourism and global trade industry. The aviation industry is closely related to many economical industries. It has helped in creating millions of employments in travel and tourism industries around the world by developing international, national, and regional airlines.
The COVID-19 pandemic has affected almost every industry to a notable degree. The outbreak of the pandemic had a major impact on the aviation industry. The demand for air transport dropped significantly due to the nationwide implementation of stringent lockdown. The airlines were forced to cut down their capacity, which resulted into significant losses. The disruption in the aircraft supply chain resulted into delivery delays, which further created a dramatic dropdown in many economical activities.
South America Aviation Market Trends, Drivers, Restraints and Opportunities
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Rising demand for flight connectivity and ever-increasing passenger traffic are the major factor propelling the market expansion during the projected period.
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Increasing long-term agreements and research & development for new aircraft product launches the market are expected to spur the market expansion in the next few years.
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Growing demand for advanced aerospace technology, better engines, and improved avionics is expected to support the growth of this market during the forecast period.
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Rising cyber security concerns by airlines is expected to hamper the market growth during the forecast period.
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Industrial investment in the field of aerospace to develop cost-efficient technology is expected to create numerous opportunities for the market growth in the coming years.
Scope of South America Aviation Market Report
The report on the South America aviation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Aviation Market - South America Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Military Aircraft, Commercial Aircraft, and General Aviation) |
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Geographical Scope |
Brazil, Mexico, Colombia, and Rest of South America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Bombardier Inc.; Lockheed Martin Corporation; Airbus SE; Embraer SA; and Boeing Company |
South America Aviation Market Segment Insights
Commercial aircraft segment is projected to expand at a robust CAGR
Based on types, the South America aviation market is segregated into military aircraft, commercial aircraft, and general aviation. The commercial aircraft segment is projected to expand at a robust CAGR during the forecast period owing to the growing demand for budget friendly air travel across the region.
Despite of the COVID-19 pandemic situation that had affected the revenues of the airlines, the robust recovery potential of the region is expected to boost the regional growth of the market segment in the coming years. On the other hand, the military aircraft segment is anticipated to hold a significant market share during the forecast period owing to the continued political disputes and territorial conflicts that resulted into the increase in demand for advanced military aircraft facilities.
Furthermore, the growing demand for modernized fleet by eliminating traditional aircraft models with the newer generation aircraft that require low maintenance and operating costs is anticipated to encourage the growth of the market segment during the projected period.
Brazil is anticipated to constitute a key market share
In terms of geography, the South America aviation market is classified as Brazil, Mexico, Colombia, and Rest of South America. Brazil is anticipated to constitute a key share of the market during the projected period owing to high domestic demand and stringent rule book for airlines in the country.
Moreover, the announcement of the new plans to privatize the several airports in the country is one of the major factors behind the rapid expansion of the aviation market in the country. Additionally, high commercial airline demand and rising investments in airport infrastructure also contribute to the growth of the market in the country.
However, the market in Mexico is anticipated to exhibit a robust CAGR during the forecast period due to the recent explosive growth in government programs including workforce training programs and business incentives for advancement in aerospace supply chains and production of the country.
Segments
The South America aviation market has been segmented on the basis of
Types
- Military Aircraft
- Commercial Aircraft
- General Aviation
Geography
- Brazil
- Mexico
- Colombia
- Rest of North America
Key Players
- Bombardier Inc.
- Lockheed Martin Corporation
- Airbus SE
- Embraer SA
- Boeing Company
Competitive Landscape
Key players competing in the South America aviation market are Bombardier Inc.; Lockheed Martin Corporation; Airbus SE; Embraer SA; and Boeing Company. Companies are focusing on business strategies and collaborating with other industry players to develop new aircraft programs.
In November 2021, Bombardier Inc. announced the construction of global manufacturing center at the Toronto Pearson International Airport in Mississauga. This development is expected to provide a continued sustainment of many jobs at Bombardier’s downs view facility and liability to aerospace community in Ontario.
In November 2021, Lockheed Martin Corporation announced its collaboration with Keysight Technologies to advance the aerospace and defense communications at Bethesda, Md. & Santa Rosa, Calif. The progressive collaboration is expected to support secure and reliable connectivity for the security applications. The successful adaptation of commercial 5G technology is anticipated to meet tactical requirements in communication networks operated by the department of defense and evaluation of cyber vulnerabilities across the 5G network interfaces.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Aviation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aviation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aviation Market - Supply Chain
4.5. Global Aviation Market Forecast
4.5.1. Aviation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aviation Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Aviation Market Absolute $ Opportunity
5. Global Aviation Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Aviation Market Size and Volume Forecast by Types
5.3.1. Military Aircraft
5.3.2. Commercial Aircraft
5.3.3. General Aviation
5.3.4.
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Aviation Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Aviation Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Aviation Demand Share Forecast, 2019-2026
7. North America Aviation Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Aviation Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Aviation Market Size and Volume Forecast by Types
7.4.1. Military Aircraft
7.4.2. Commercial Aircraft
7.4.3. General Aviation
7.4.4.
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Aviation Demand Share Forecast, 2019-2026
8. Latin America Aviation Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Aviation Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Aviation Market Size and Volume Forecast by Types
8.4.1. Military Aircraft
8.4.2. Commercial Aircraft
8.4.3. General Aviation
8.4.4.
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Aviation Demand Share Forecast, 2019-2026
9. Europe Aviation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Aviation Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Aviation Market Size and Volume Forecast by Types
9.4.1. Military Aircraft
9.4.2. Commercial Aircraft
9.4.3. General Aviation
9.4.4.
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Aviation Demand Share Forecast, 2019-2026
10. Asia Pacific Aviation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Aviation Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Aviation Market Size and Volume Forecast by Types
10.4.1. Military Aircraft
10.4.2. Commercial Aircraft
10.4.3. General Aviation
10.4.4.
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Aviation Demand Share Forecast, 2019-2026
11. Middle East & Africa Aviation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Aviation Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Aviation Market Size and Volume Forecast by Types
11.4.1. Military Aircraft
11.4.2. Commercial Aircraft
11.4.3. General Aviation
11.4.4.
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Aviation Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Aviation Market: Market Share Analysis
12.2. Aviation Distributors and Customers
12.3. Aviation Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Bombardier Inc.
12.4.2. Lockheed Martin Corporation
12.4.3. Airbus SE
12.4.4. Embraer SA
12.4.5. Boeing Company
Methodology
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