| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 13.81 Billion |
| Market Size (2030) | USD 17.55 Billion |
| CAGR (2025 - 2030) | 4.91% |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Commercial Aircraft Market Analysis
The Latin America Commercial Aircraft Market size is estimated at USD 13.81 billion in 2025, and is expected to reach USD 17.55 billion by 2030, at a CAGR of 4.91% during the forecast period (2025-2030).
The emphasis on fuel efficiency, cost reduction, and environmental compliance drives the increased use of composite materials in Latin America's commercial aircraft market. Regional jet programs, particularly Embraer's E2 series, incorporate carbon fiber in critical structures, which include wings and tail assemblies—reducing weight by up to 15% and lowering fuel consumption and emissions.
Airlines in Brazil, Mexico, and Chile invest in fleets with composite-intensive airframes to extend maintenance intervals, improve cabin comfort, and increase operational profitability on short- and medium-haul routes. The Embraer E190-E2 demonstrates a 17% reduction in fuel consumption compared to its predecessor through extensive composite usage, addressing operating expenses and sustainability requirements. With rising passenger traffic and fleet modernization needs, composite technology continues to drive performance improvements and cost efficiencies in Latin America's commercial aviation market.
Latin America Commercial Aircraft Market Trends
Passenger Aircraft to Dominate Market Share During the Forecast Period
The Latin American commercial aircraft market is experiencing significant growth in the passenger aircraft segment. This growth stems from economic stabilization in major economies like Brazil and Mexico, which has increased both business and leisure travel. The expanding middle class in these countries, with their rising disposable incomes, has made air travel more accessible. Major regional carriers, including LATAM and Avianca, are responding by expanding their fleets and routes to accommodate increased passenger traffic.
The region's geography, characterized by vast distances between major cities and limited land-based transportation options, necessitates air travel as a primary mode of transportation. Continuous investments in airport infrastructure support this growth, enhancing capacity and operational efficiency to manage higher passenger volumes. For instance, the LATAM airline group transported 82 million passengers and increased its consolidated capacity by 15.1% in 2024 compared to 2023.
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Brazil To Dominate Market Share During the Forecast Period
Brazil currently dominates the market and is expected to continue its dominance during the forecast period. This is primarily due to the rapid growth in the country's passenger traffic, which propelled the airlines' investments toward procuring new-generation aircraft.
According to the International Aviation Transportation Authority (IATA), the aviation sector is a major contributor to the Brazilian economy. The industry contributes approximately USD 10.3 billion to the country's GDP. Brazil has achieved a new milestone in tourism, moving up in the global ranking for domestic flights to become the fourth-largest market worldwide in 2024.
In 2024, Brazilian air passenger traffic soared to 18.3 million, signifying a robust 5% growth compared to 112.6 million in 2023. The entry of low-cost carriers in the Brazilian market has been a game-changer. LCCs have revolutionized air travel by offering competitive fares, attracting budget-conscious travelers, and stimulating demand for short-haul routes.
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Latin America Commercial Aircraft Industry Overview
A handful of key players dominate the Latin American commercial aircraft market. Airbus SE, The Boeing Company, Embraer SA, ATR, and Rostec lead the charge. Notably, around 60% of the region's commercial fleet comprises Airbus aircraft, with the remainder predominantly featuring models from The Boeing Company, Embraer, and ATR.
Mexico's Volaris holds the record for the largest order placed with Airbus, while Brazil's GOL Linhas Aereas has made the biggest order with Boeing. Beyond just passenger aircraft, these OEMs are bolstering their market presence by introducing new and advanced cargo aircraft. These cargo aircraft, part of a strategy to enhance the cargo business, are set to cater to markets in Colombia, Brazil, and Central America. Such strategic orders and timely deliveries are poised to bolster the growth of these OEMs in the commercial aircraft arena.
Latin America Commercial Aircraft Market Leaders
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Airbus SE
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The Boeing Company
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Embraer SA
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ATR
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Rostec
- *Disclaimer: Major Players sorted in no particular order
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Latin America Commercial Aircraft Market News
- June 2024: Mexicana de Aviación, Mexico's state-owned airline, ordered 20 Embraer E2 aircraft. The order consists of 10 E190-E2 jets and 10 E195-E2 jets, and deliveries are set to commence in the second quarter of 2025.
- April 2024: Embraer joined forces with ENAER (the National Aeronautical Company of Chile) to unveil two agreements focused on industrial collaboration and services. These agreements encompass establishing a new service center and producing parts specifically for Embraer aircraft.
Latin America Commercial Aircraft Industry Segmentation
Commercial aviation is a part of civil aviation that involves scheduled airline services and aircraft operations to transport passengers and cargo. The study gives a brief description of the commercial aircraft market worldwide. It includes details on air passenger traffic, new routes, investments in airport infrastructure, air freight, and procurement of new aircraft.
The commercial aircraft market is segmented by application into passenger aircraft and freighters. Passenger aircraft are further segmented into narrow, wide, and regional aircraft. 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).
| Application | Passenger Aircraft | Narrow-body Aircraft |
| Wide-body Aircraft | ||
| Regional Jets | ||
| Freighters | ||
| Geography | Brazil | |
| Mexico | ||
| Colombia | ||
| Rest of Latin America |
Application
| Passenger Aircraft | Narrow-body Aircraft |
| Wide-body Aircraft | |
| Regional Jets | |
| Freighters |
Geography
| Brazil |
| Mexico |
| Colombia |
| Rest of Latin America |
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Latin America Commercial Aircraft Market Research FAQs
How big is the Latin America Commercial Aircraft Market?
The Latin America Commercial Aircraft Market size is expected to reach USD 13.81 billion in 2025 and grow at a CAGR of 4.91% to reach USD 17.55 billion by 2030.
What is the current Latin America Commercial Aircraft Market size?
In 2025, the Latin America Commercial Aircraft Market size is expected to reach USD 13.81 billion.
Who are the key players in Latin America Commercial Aircraft Market?
Airbus SE, The Boeing Company, Embraer SA, ATR and Rostec are the major companies operating in the Latin America Commercial Aircraft Market.
What years does this Latin America Commercial Aircraft Market cover, and what was the market size in 2024?
In 2024, the Latin America Commercial Aircraft Market size was estimated at USD 13.13 billion. The report covers the Latin America Commercial Aircraft Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Commercial Aircraft Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Latin America Commercial Aircraft Industry Report
Statistics for the 2025 Latin America Commercial Aircraft market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Commercial Aircraft 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.
