Latin America Aerospace And Defense Mro Market Size & Outlook
Latin America aerospace and defense mro market, 2018-2030 (US$M)
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Latin America aerospace and defense mro market highlights
- The Latin America aerospace and defense mro market generated a revenue of USD 5,674.1 million in 2021.
- The market is expected to grow at a CAGR of 3% 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.
- Country-wise, Argentina is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 5,674.1 million |
| Market revenue in 2030 | USD 7,414.2 million |
| Growth rate | 3% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, Latin America region accounted for 5.3% of the global aerospace and defense mro market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 71,044.3 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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Latin America 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 42.21% in 2021. Horizon Databook has segmented the Latin America aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
Although South America has seen tremendous growth in the last decade, the growth has been limited to a few economies. The region has witnessed an inflow of new companies, particularly from North America.
Most of the North American aerospace companies are strategically orienting their investments in this region, mainly considering Costa Rica and Brazil due to their excellent engineering, manufacturing, and service capabilities demonstrated by structuring themselves in significant aerospace clusters.
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Target buyers of Latin America aerospace and defense mro market databook
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Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aerospace and defense mro market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aerospace and defense mro market size, by country, 2018-2030 (US$M)
Latin America Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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