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The Latin America General Aviation Market is Segmented by Type (Helicopters, Piston Fixed-wing, Turboprop, and Business Jet), and Country.
The Latin American general aviation market is anticipated to register a CAGR of above 0.5%, during the forecast period, 2019-2024.
The Latin American general aviation market study includes:
|Rest of Latin America|
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The helicopters segment of the market is expected to register the highest CAGR, during the forecast period. The growth in the helicopters segment is fueled by the fleet expansion, as well as the replacement plans of the helicopter operators in the region. Also, the development of new models of helicopters, in specific to the business aviation and VIP transportation, is expected to gain demand from the corporate companies and private helicopter operators in the region. For instance, Airbus Helicopters received the first order from an undisclosed customer in Brazil, for one H160 for private and business aviation operations, in April 2018. The aforementioned factors are leading to the growth of the helicopters segment, during the forecast period.
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Brazil, currently, has the highest market share in the Latin American general aviation market. Brazil is one of the booming markets in the aviation industry, with the country acting as a major hub for general aviation (business jet and helicopters, majorly). The country has witnessed a significant growth of agricultural aviation fleet in the past few years. There were 2,115 aircraft in the agricultural aviation fleet of Brazil, in 2017, with the overall general aviation fleet being 15,800 aircraft. The growth in the number of charter operators and increasing infrastructure of general aviation may propel the growth of the market. In early 2019, Guarulhos International Airport (GRU) opened a new general aviation terminal, with a handling capacity of 39 executive jets and 200 passengers per hour. With a lot of potential for the development of general aviation infrastructure, the market is poised to grow during the forecast period.
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Some of the prominent players in the Latin American general aviation market are Embraer SA, Textron Inc., Gulfstream Aerospace Corporation (General Dynamics), Bombardier Inc., and Honda Aircraft Company. With the growing demand for business and VIP transportation in the region, various OEMs, like Leonardo, Airbus, and Bell Helicopters, among others are planning to develop new business strategies for increasing their presence in the general aviation market of Latin America. The companies are also planning to open new manufacturing and MRO facilities in the region, which may help the existing as well as new customers, thereby making them the preferred aircraft/helicopter OEMs for new orders and deliveries, in the coming years.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.2 Piston Fixed-wing
5.1.4 Business Jet
5.2.4 Rest of Latin America
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Leonardo SpA
6.2.2 Textron Inc.
6.2.3 Embraer SA
6.2.4 Pilatus Aircraft
6.2.5 Dassault Aviation SA
6.2.6 Piper Aircraft Inc.
6.2.7 Bombardier Inc.
6.2.8 Paradise Aircraft
6.2.9 AeroAndina SA
6.2.10 Gulfstream Aerospace Corporation
6.2.11 Honda Aircraft Company
6.2.12 Airbus SE
7. MARKET OPPORTUNITIES AND FUTURE TRENDS