Latin America Avionics Market Size & Outlook, 2023-2030
The avionics market in Latin America is expected to reach a projected revenue of US$ 4,093.9 million by 2030. A compound annual growth rate of 8.9% is expected of Latin America avionics market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,249.0
Forecast, 2030 (US$M)
$4,093.9
CAGR, 2024 - 2030
8.9%
Report Coverage
Latin America
Latin America avionics market, 2018-2030 (US$M)
Latin America avionics market highlights
- The Latin America avionics market generated a revenue of USD 2,249.0 million in 2023.
- The market is expected to grow at a CAGR of 8.9% from 2024 to 2030.
- In terms of segment, navigation systems was the largest revenue generating system in 2023.
- Navigation Systems is the most lucrative system segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 2,249.0 million |
| Market revenue in 2030 | USD 4,093.9 million |
| Growth rate | 8.9% (CAGR from 2023 to 2030) |
| Largest segment | Navigation systems |
| Fastest growing segment | Navigation Systems |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Navigation Systems |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.0% of the global avionics market in 2023.
- 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 26,064.4 million by 2030.
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Avionics Market Scope
Avionics market segmentation & scope
Navigation Systems
Communication
Flight Management
Traffic and Collision Management
Weather
Others
Component
Hardware
Software
Platform
Commercial Aviation
Military Aviation
Business and General Aviation
Countries
U.S.
Canada
Mexico
Denmark
France
Germany
Italy
Norway
Spain
Sweden
UK
Brazil
Argentina
Australia
China
India
Japan
South Korea
Thailand
UAE
South Africa
Saudi Arabia
Kuwait
Avionics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America avionics market
Related regional statistics
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