Market Share of Latin America Aircraft MRO Industry
Raytheon Technologies Corporation, aeroman (MRO Holdings), Rostec, General Electric Company, and Lufthansa Technik AG are some of the prominent players in the market. With the emerging LCCs and smaller general aviation operators in the region, aircraft maintenance is increasingly being outsourced to independent third-party providers. As a result, MRO providers are expanding their activities in the region with an aim to have stronger proximity to the end-users. As most of the maintenance carried out in Latin America is focused on aircraft checks, diversifying the offerings by components like brakes, batteries, things that can be repaired very quickly and easily, as well as offering engine modification and maintenance services could help the players get new customers. Players can also enhance the efficiency of their MRO operations by adopting emerging technologies, like AI and predictive analytics, which will help their revenue growth during the forecast period.
Latin America Aircraft MRO Market Leaders
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Raytheon Technologies Corporation
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aeroman (MRO Holdings)
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Rostec
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General Electric Company
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Lufthansa Technik AG
*Disclaimer: Major Players sorted in no particular order
