Latin America Aerospace Parts Manufacturing Market Size & Outlook
Latin America aerospace parts manufacturing market, 2018-2030 (US$M)
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Latin America aerospace parts manufacturing market highlights
- The Latin America aerospace parts manufacturing market generated a revenue of USD 12,070.6 million in 2022.
- The market is expected to grow at a CAGR of 6.5% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 12,070.6 million |
| Market revenue in 2030 | USD 20,015.7 million |
| Growth rate | 6.5% (CAGR from 2022 to 2030) |
| Largest segment | Aircrafts manufacturing |
| Fastest growing segment | Equipment, Safety & Support |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 1.3% of the global aerospace parts manufacturing market in 2022.
- Globally, North America 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 265,199.5 million by 2030.
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.
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Aerospace Parts Manufacturing Market Scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America aerospace parts manufacturing market size, by country, 2018-2030 (US$M)
Latin America Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
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