Argentina Aerospace And Defense Mro Market Size & Outlook
Argentina aerospace and defense mro market, 2018-2030 (US$M)
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Argentina aerospace and defense mro market highlights
- The Argentina aerospace and defense mro market generated a revenue of USD 1,148.4 million in 2021 and is expected to reach USD 1,565.2 million by 2030.
- The Argentina market is expected to grow at a CAGR of 3.5% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Line is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace and defense mro market data book summary
| Market revenue in 2021 | USD 1,148.4 million |
| Market revenue in 2030 | USD 1,565.2 million |
| Growth rate | 3.5% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global aerospace and defense mro market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil aerospace and defense mro market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1,565.2 million by 2030.
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Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina aerospace and defense mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 42.27% in 2021. Horizon Databook has segmented the Argentina aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
The aerospace & defense MRO market in Argentina lags compared to the rest of the world in terms of both aviation demand and supply. Aircraft MRO segment in the country is still not fully developed, since majority of airlines are low-cost airlines with small fleet sizes, that depend on other foreign companies for heavy MRO activities.
Airlines in the country are partnering with the digital MRO service providers through long-term contracts, which is expected to positively influence the market. For instance, in March 2019, Argentina's national airline finished the last phase of the process to convert its MRO facilities to digital, enabling major savings, in terms of time and money, during fleet maintenance tasks.
Furthermore, Argentine Air Force has reached a critical point in its fighter jet inventory. For years, the French-built Dassault Mirage III interceptor aircraft was the backbone of the Argentinian fighter jet force.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into Argentina aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina aerospace and defense mro market size, by product, 2018-2030 (US$M)
Argentina Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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