Market Size of Latin America General Aviation Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.42 Billion |
| Market Size (2029) | USD 1.91 Billion |
| CAGR (2024 - 2029) | 6.15 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Latin America General Aviation Market Analysis
The Latin America General Aviation Market size is estimated at USD 1.42 billion in 2024, and is expected to reach USD 1.91 billion by 2029, growing at a CAGR of 6.15% during the forecast period (2024-2029).
- The general aviation industry in Latin America is primarily recognized due to the presence of Embraer, a major aircraft OEM headquartered in Brazil. Moreover, Brazil has the largest fleet of business jets in Latin America, and it has the second-largest business jet fleet in the world.
- The key initiatives to improve general aviation (GA) safety, such as the GA Joint Steering Committee (GAJSC), ADS-B Out (that came into force from 2020), new Airman Certification Standards (ACS), streamlining aircraft certification, the External Data Access initiative (EDAi), and the Fly Safe outreach campaign on Loss of Control, are some of the areas of focus currently. With air travel becoming safer over the years due to the introduction of enhanced safety standards has triggered a flurry of procurement of general aviation aircraft in the region.
- Some of the countries in Latin America have plans to modernize and expand their airports, over the next decade. Such improvements in the airport infrastructure may create a positive impact on the general aviation market, in the upcoming period.
