Market Size of Latin America Business Jet Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.64 Billion |
| Market Size (2029) | USD 1.31 Billion |
| CAGR (2024 - 2029) | 15.66 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America Business Jet Market Analysis
The Latin America Business Jet Market size is estimated at USD 0.64 billion in 2024, and is expected to reach USD 1.31 billion by 2029, growing at a CAGR of 15.66% during the forecast period (2024-2029).
Factors such as growth in aircraft infrastructure developments within the region and a growing demand for usage of business jets by high-net-worth individuals are expected to drive the market growth in the coming years.
Moreover, the growing demand for business jets within the region has also increased aircraft companies' acquisitions of new and advanced business jets to cater to potential customers and increase their fleets. Also, the growing demand for private helicopters for VIP transportation will hamper the market's growth in the coming years.
In addition, the growing usage of artificial intelligence and blockchain technologies in business aviation infrastructure development will increase opportunities for international business aviation companies and aviation infrastructure companies to enter the market and gain significant market share.
