Market Size of Latin America General Aviation Industry
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Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Market Size (2024) | USD 1.42 Billion |
Market Size (2029) | USD 1.91 Billion |
CAGR (2024 - 2029) | 6.15 % |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Latin America General Aviation Market Analysis
The Latin America General Aviation Market size is estimated at USD 1.42 billion in 2024, and is expected to reach USD 1.91 billion by 2029, growing at a CAGR of 6.15% during the forecast period (2024-2029).
- The general aviation industry in Latin America is primarily recognized due to the presence of Embraer, a major aircraft OEM headquartered in Brazil. Moreover, Brazil has the largest fleet of business jets in Latin America, and it has the second-largest business jet fleet in the world.
- The key initiatives to improve general aviation (GA) safety, such as the GA Joint Steering Committee (GAJSC), ADS-B Out (that came into force from 2020), new Airman Certification Standards (ACS), streamlining aircraft certification, the External Data Access initiative (EDAi), and the Fly Safe outreach campaign on Loss of Control, are some of the areas of focus currently. With air travel becoming safer over the years due to the introduction of enhanced safety standards has triggered a flurry of procurement of general aviation aircraft in the region.
- Some of the countries in Latin America have plans to modernize and expand their airports, over the next decade. Such improvements in the airport infrastructure may create a positive impact on the general aviation market, in the upcoming period.
Latin America General Aviation Industry Segmentation
General aviation comprises all civil flights except scheduled passenger airline services. The various types of aircraft, including private jets, sports aircraft, training aircraft, and agricultural aircraft, that are registered/operated in Latin America are covered in the purview of the report.
Type | |
Helicopters | |
Piston Fixed-wing | |
Turboprop | |
Business Jet |
Country | |
Mexico | |
Brazil | |
Rest of Latin America |
Latin America General Aviation Market Size Summary
The Latin America general aviation market is experiencing a notable expansion, driven by the presence of key industry players such as Embraer, a prominent aircraft OEM based in Brazil. The region boasts the largest fleet of business jets in Latin America and ranks second globally, highlighting its significance in the general aviation sector. Safety initiatives like the GA Joint Steering Committee and the Fly Safe outreach campaign have enhanced air travel safety, prompting increased procurement of general aviation aircraft. Additionally, plans to modernize and expand airport infrastructure across several Latin American countries are expected to positively influence the market's growth trajectory.
Helicopters play a crucial role in the region's general aviation landscape, offering versatile solutions for accessing remote areas and urban centers without the need for traditional airports. Despite a slight decline in demand compared to previous years, the introduction of new ownership and service models has sustained interest in helicopters. OEMs are responding by launching new variants to meet diverse customer needs, as seen with Airbus Helicopters' improved H145 model. The demand for turboprops remains strong, particularly in Brazil, where they account for a significant portion of the executive aircraft fleet due to the country's challenging geography and infrastructure gaps. Prominent industry players, including Leonardo S.p.A., Textron Inc., and Gulfstream Aerospace Corporation, are actively developing strategies to enhance their market presence and expand manufacturing and MRO facilities in the region, catering to the growing demand for business and VIP transportation.
Latin America General Aviation Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Helicopters
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2.1.2 Piston Fixed-wing
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2.1.3 Turboprop
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2.1.4 Business Jet
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2.2 Country
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2.2.1 Mexico
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2.2.2 Brazil
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2.2.3 Rest of Latin America
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Latin America General Aviation Market Size FAQs
How big is the Latin America General Aviation Market?
The Latin America General Aviation Market size is expected to reach USD 1.42 billion in 2024 and grow at a CAGR of 6.15% to reach USD 1.91 billion by 2029.
What is the current Latin America General Aviation Market size?
In 2024, the Latin America General Aviation Market size is expected to reach USD 1.42 billion.