Brazil Aerospace Parts Manufacturing Market Size & Outlook
Brazil aerospace parts manufacturing market, 2018-2030 (US$M)
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Brazil aerospace parts manufacturing market highlights
- The Brazil aerospace parts manufacturing market generated a revenue of USD 7,446.1 million in 2022 and is expected to reach USD 12,998.2 million by 2030.
- The Brazil market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
- In terms of segment, aircrafts manufacturing was the largest revenue generating product in 2022.
- Equipment, Safety & Support is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace parts manufacturing market data book summary
| Market revenue in 2022 | USD 7,446.1 million |
| Market revenue in 2030 | USD 12,998.2 million |
| Growth rate | 7.2% (CAGR from 2022 to 2030) |
| Largest segment | Aircrafts manufacturing |
| Fastest growing segment | Equipment, Safety & Support |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Aircrafts Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components |
| Key market players worldwide | Rolls-Royce Holdings PLC, Safran SA, Woodward Inc, Martinrea International Inc, Eaton Corp PLC, Lockheed Martin Corp, GE Aerospace, MTU Aero Engines AG, RTX Corp, Honeywell International Inc, Mitsubishi Electric Corp, Kawasaki Heavy Industries Ltd, Subaru Corp, IHI Corp, Deutsche Lufthansa AG, Liebherr Group, Hexcel Corp, Ducommun Inc, Rockwell Automation Inc, Spirit AeroSystems Holdings Inc Class A, Panasonic Holdings Corp, Thales, Dassault Systemes SE, Parker Hannifin Corp, Basf SE, Airbus SE, Danaher Corp, Triumph Group Inc, Curtiss-Wright Corp, Magellan Aerospace Corp, Bridgestone Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.8% of the global aerospace parts manufacturing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil aerospace parts manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 12,998.2 million by 2030.
Aircrafts manufacturing was the largest segment with a revenue share of 48.74% in 2022. Horizon Databook has segmented the Brazil aerospace parts manufacturing market based on engine, aircrafts manufacturing, cabin interiors, equipment, safety & support, avionics, insulation components covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of only six countries in the world that manufactures commercial jets and has been one of the top 10 export destinations of U.S. aerospace products over many years. Some of the biggest aircraft manufacturers are located in the Brazilian economy which offers jumbo size jets which is estimated to drive the demand for aerospace parts over the forecast period.
The burgeoning demand is contributed to the growing passenger traffic and introduction of green aircrafts that are estimated to emit lesser carbon dioxide and reduced noise, leading to growth in aerospace parts manufacturing in the country over the forecast period
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Aerospace Parts Manufacturing Market Scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
Brazil Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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