Latin America Business Jet Market Size

Statistics for the 2023 & 2024 Latin America Business Jet market size, created by Mordor Intelligence™ Industry Reports. Latin America Business Jet size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Latin America Business Jet Industry

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Latin America Business Jet Market Summary
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

Latin America Business Jet Market 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.

Latin America Business Jet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)