Latin America Aerospace Parts Manufacturing Market Size & Outlook

Aircrafts manufacturing was the largest segment with a revenue share of 52.79% in 2022. Horizon Databook has segmented the Latin America 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.

The growth of aerospace parts manufacturing in the Central and South America market is characterized by the dramatic changes taking place in the economy along with the improving production cycles. Brazil is the major market in the CSA region. Embraer is the third largest aerospace company worldwide and is the biggest of its kind in Brazil owning almost 90% of the local market.

There are rapid changes in Central & South America region in the aerospace sector in the economy increasing the opportunities for emerging countries which is expected to have a positive effect on the aerospace manufacturing market over the forecast period.

The key market players in the aircraft manufacturing have predicted the demand for single and twist aisle aircrafts is on the rise, owing to urbanization, replacement of old parts, growing cities and redevelopment of the region as a tourist hub. The driving factors for the commercial aircraft growth are expected to elevate the demand for aerospace parts over the forecast period.