| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 6.52 Billion |
| Market Size (2030) | USD 7.67 Billion |
| CAGR (2025 - 2030) | 3.31% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Aircraft MRO Market Analysis
The Latin America Aircraft MRO Market size is estimated at USD 6.52 billion in 2025, and is expected to reach USD 7.67 billion by 2030, at a CAGR of 3.31% during the forecast period (2025-2030).
Over the years, many global and regional MRO service providers, such as Aeroman (MRO Holdings), GE Aerospace, and Lufthansa Technik, have expanded their MRO service networks through geographical expansion, partnerships, and joint ventures. This factor has propelled the growth of the aircraft MRO market in the region.
Noteworthy countries like Brazil, Mexico, and Argentina are investing substantially in new aircraft acquisitions. Simultaneously, several other regional players focus on procuring refurbished aircraft and enhancing their existing military fleet. These endeavors collectively fuel the growth of the aircraft MRO market.
While setting up MROs in the region, significant challenges emerge, such as attracting and retaining skilled labor. This challenge, prevalent globally, has become increasingly apparent in the region. This is primarily due to a substantial surge in both the aircraft fleet and the number of MRO players over the past two decades. However, with the demand from the growing fleet projected to outstrip the supply of maintenance technicians in the near future, this challenge is set to intensify.
Given that major countries in the region, including Brazil, Mexico, and Argentina, serve as pivotal aviation hubs, their governments actively support foreign MRO providers. They do so by facilitating partnerships and joint ventures with local entities. Such collaborations are poised to underpin the growth of the aircraft MRO market in the region during the forecast period.
Latin America Aircraft MRO Market Trends
Commercial Aircraft Segment to Occupy the Largest Market Share during the Forecast Period
The region's aircraft MRO market is poised for heightened demand, propelled by a surging commercial aviation sector. This growth is underpinned by rising air passenger traffic, expanding airline aircraft procurement, and bolstered economic conditions in many regional countries. Notably, in 2023, the region witnessed a robust 16.3% year-on-year growth in revenue passengers compared to 2022.
The demand for aircraft MRO services within the region is primarily fueled by airlines making significant aircraft and engine orders. This trend is poised to bolster the MRO segment's demand in the coming years. For example, Aeromexico, Mexico's longstanding airline, unveiled plans in December 2023 to introduce 25 new B737 MAX aircraft and five B787 Dreamliners in 2024. These additions will enable Aeromexico to inaugurate 15 fresh routes connecting Mexico and the US. Notably, in 2023, the airline had already received six B737 MAX 9s and a B787-9 Dreamliner.
Conversely, the region's airlines' focus on maintaining their fleets' airworthiness is poised to bolster this segment's growth. A case in point is Azul Linhas Aéreas, a Brazilian carrier, which, in April 2024, expanded its Airbus Flight Hour Services (FHS) agreements. These agreements, now encompassing over 100 of its A320 and A330 family aircraft, are multi-year contracts with a spectrum of integrated component services. These services range from on-site stock and pool access to repair and engineering services for various rotable parts. By partnering with Airbus, Azul gains access to its engineering prowess and benefits from having local FHS representatives in Brazil. Such agreements are anticipated to fuel the demand for commercial aircraft MRO in the region throughout the forecast period.
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Brazil to Occupy the Largest Market Share during the Forecast Period
Brazil stands out as a thriving hub in the global commercial aviation industry. The nation boasts major players like LATAM Airlines Group, which are rapidly expanding and upgrading their passenger and cargo aircraft fleets to align with modernization trends.
Consequently, the demand for aircraft MRO services is surging, fueled by the influx of new aircraft to the region's airlines. A notable example is Joramco, which, in April 2024, secured a contract to conduct heavy maintenance for LATAM Airlines, the largest carrier in Latin America. This milestone was unveiled at MRO Americas 2024. According to the agreement, Joramco is set to begin C-checks on three of LATAM's B787 aircraft, with operations scheduled to start in July 2024. The general aviation sector's demand is primarily fueled by High Net Worth Individuals (HNWIs) preference for business and private jets. In 2023, Brazil boasted around 0.38 million HNWIs. Moreover, by December 2023, the region had 871 business jets actively operating in the general aviation space, all necessitating regular maintenance, a key driver of market growth.
Moreover, Brazil's military aviation MRO market is on a steady growth trajectory, fueled by a rising appetite for MRO services. This demand surge is primarily a response to Brazil's aging fleet of military aircraft and helicopters, necessitating heightened maintenance and repair efforts to maintain operational reliability. As of December 2023, Brazil's military aviation fleet comprised 111 transport aircraft, 121 combat aircraft, 24 special mission aircraft, two tanker aircraft, 121 combat helicopters, and 206 training aircraft/helicopters.
Notably, bolstered defense budgets and a strategic push for modernization are further propelling this market. A case in point is Embraer's collaboration with the Brazilian Air Force in June 2023, where they undertook a midlife upgrade program for the A-29 Super Tucano aircraft. This initiative aims to enhance the aircraft's operational capabilities and extend its service life, underscoring the broader trend driving MRO demand in Brazil. Such developments are anticipated to drive the MRO market demand in Brazil throughout the forecast period.
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Latin America Aircraft MRO Industry Overview
The Latin American aircraft MRO market is semi-consolidated. Key players include RTX Corporation, Aeroman (MRO Holdings), Rostec, General Electric Company, and Lufthansa Technik AG.
The rise of LCCs and smaller general aviation operators in the region is driving a trend where aircraft maintenance is increasingly outsourced to independent third-party providers. Consequently, MRO providers are strategically expanding in the region to serve end-users better.
Since a significant portion of maintenance in Latin America revolves around aircraft checks, diversifying services to include components such as brakes and batteries, which can be swiftly repaired, alongside offering engine modification and maintenance, presents an avenue for attracting new clientele. Furthermore, embracing cutting-edge technologies like AI and predictive analytics can significantly boost the operational efficiency of MRO providers, translating to enhanced revenue growth during the forecast period.
Latin America Aircraft MRO Market Leaders
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General Electric Company
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Lufthansa Technik AG
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RTX Corporation
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Aeroman (MRO Holdings)
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Rostec
- *Disclaimer: Major Players sorted in no particular order
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Latin America Aircraft MRO Market News
- November 2023: The Brazilian Air Force received its fifth upgraded E-99M aircraft from Embraer. The initial delivery took place in November 2020. This enhanced aircraft boasts an Erieye-ER radar, software-defined radios, a new Thales TSC 2030 IFF transponder, and a COMINT suite.
- November 2023: Dassault Aviation unveiled plans to establish a new service center at Brazil's Catarina International Executive Airport. Scheduled for an early 2024 launch, this facility spans approximately 40,000 square feet (3600 square meters), providing ample room for office space and aircraft housing. Specifically, it can cater to as many as five Falcon aircraft concurrently, including the upcoming ultra-long-range Falcon 10X.
Latin America Aircraft MRO Industry Segmentation
Aircraft MRO includes tasks performed to ensure the continuing airworthiness of an aircraft and its parts. MRO service providers perform overhaul, inspection, replacement, defect rectification, and modification embodiment in compliance with airworthiness directives and repair.
The Latin America aircraft MRO market is segmented by MRO type, end user, and geography. By MRO type, the market is segmented into airframe MRO, engine MRO, component and modifications MRO, and line maintenance. By end user, the market is classified as commercial aviation, military aviation, and general aviation. The report also offers the market size and forecasts for three countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).
| MRO Type | Airframe MRO |
| Engine MRO | |
| Component and Modifications MRO | |
| Line Maintenance | |
| End-User | Commercial |
| Military | |
| General Aviation | |
| Geography | Brazil |
| Mexico | |
| Argentina | |
| Rest of Latin America |
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Latin America Aircraft MRO Market Research Faqs
How big is the Latin America Aircraft MRO Market?
The Latin America Aircraft MRO Market size is expected to reach USD 6.52 billion in 2025 and grow at a CAGR of 3.31% to reach USD 7.67 billion by 2030.
What is the current Latin America Aircraft MRO Market size?
In 2025, the Latin America Aircraft MRO Market size is expected to reach USD 6.52 billion.
Who are the key players in Latin America Aircraft MRO Market?
General Electric Company, Lufthansa Technik AG, RTX Corporation, Aeroman (MRO Holdings) and Rostec are the major companies operating in the Latin America Aircraft MRO Market.
What years does this Latin America Aircraft MRO Market cover, and what was the market size in 2024?
In 2024, the Latin America Aircraft MRO Market size was estimated at USD 6.30 billion. The report covers the Latin America Aircraft MRO Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Aircraft MRO Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Latin America Aircraft MRO Industry Report
Statistics for the 2025 Latin America Aircraft MRO market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Aircraft MRO analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
