Latin America Aviation Industry Trends and Forecast 2025-2034 - Low-Cost Carriers Transform Latin America's Aviation Landscape
The Latin America aviation market is forecast to reach USD 59.3 Billion by 2034, driven by increased passenger traffic, low-cost carriers, and infrastructure improvements
Latin American Aviation Market
Dublin, June 25, 2025 (GLOBE NEWSWIRE) -- The "Latin America Aviation Market Report and Forecast 2025-2034" has been added to ResearchAndMarkets.com's offering.The Latin America aviation market size was valued at USD 38.55 Billion in 2024. The market is further projected to grow at a CAGR of 4.40% between 2025 and 2034, reaching a value of USD 59.30 Billion by 2034.
The Latin America aviation market share has been growing due to the growing passenger traffic driven by rising disposable income, improved air connectivity, and competitive airfares. For instance, in 2022, the International Air Transport Association (IATA) reported a 73.2% year-on-year increase in international passenger traffic in Latin America, which presents opportunities for airlines to expand their routes and frequencies.Additionally, the expansion and modernisation of airports to accommodate the growing demand for air travel, enhance operational efficiency, improve passenger experience, and elevate safety standards are fuelling Latin America aviation market growth. For example, the Brazilian government has invested in the modernisation of airports in major cities like Sao Paulo and Rio de Janeiro, while the Mexican government has announced plans to build a new airport in Mexico City to replace the overcrowded Benito Juarez International Airport.The emergence of low-cost carriers in Latin America has revolutionised the aviation market, making air travel more affordable and accessible to a broader segment of the population, stimulating competition, improving services, and increasing air connectivity. For instance, carriers like Viva Air, JetSmart, and Volaris have introduced low-cost business models, offering competitive airfares and simplified services, leading to increased demand for air travel in the region.The commercial aviation segment is growing due to the demand for freighter aircraft, which is driven by the growing e-commerce sector and the need for efficient cargo transportation. The general aviation market in Latin America includes helicopter operations for various purposes, such as tourism, medical evacuation, and offshore oil and gas operations. Brazil is the largest market for helicopters in the region, followed by Mexico and Argentina. The business jet market in Latin America is growing, driven by the increasing demand from high-net-worth individuals and corporations.
Competitive LandscapeMarket players are focused on providing low-cost carriers across the aviation industry to stay ahead in the competition. Some of the major players profiled include:
Airbus SE
Dassault Aviation SA
Lockheed Martin Corporation
Bombardier Inc.
The Boeing Company
Cirrus Design Corporation (Cirrus Aircraft)
Pilatus Aircraft Ltd.
Diamond Aircraft Industries GmbH
Piper Aircraft, Inc.
Embraer S.A.
Leonardo S.p.A.
Key Attributes
Report Attribute
Details
No. of Pages
150
Forecast Period
2025-2034
Estimated Market Value (USD) in 2025
$38.55 Billion
Forecasted Market Value (USD) by 2034
$59.3 Billion
Compound Annual Growth Rate
4.4%
Regions Covered
Latin America
Key Topics Covered1 Executive Summary1.1 Market Size 2024-20251.2 Market Growth 2025(F)-2034(F)1.3 Key Demand Drivers1.4 Key Players and Competitive Structure1.5 Industry Best Practices1.6 Recent Trends and Developments1.7 Industry Outlook2 Market Overview and Stakeholder Insights2.1 Market Trends2.2 Key Verticals2.3 Key Countries2.4 Supplier Power2.5 Buyer Power2.6 Key Market Opportunities and Risks2.7 Key Initiatives by Stakeholders3 Economic Summary3.1 GDP Outlook3.2 GDP Per Capita Growth3.3 Inflation Trends3.4 Democracy Index3.5 Gross Public Debt Ratios3.6 Balance of Payment (BoP) Position3.7 Population Outlook3.8 Urbanisation Trends4 Country Risk Profiles4.1 Country Risk4.2 Business Climate5 Global Aviation Market Overview5.1 Key Industry Highlights5.2 Global Aviation Historical Market (2018-2024)5.3 Global Aviation Market Forecast (2025-2034)5.4 Global Aviation Market Share by Region5.4.1 North America5.4.2 Europe5.4.3 Asia-Pacific5.4.4 Latin America5.4.5 Middle East and Africa6 Latin America Aviation Market Overview6.1 Key Industry Highlights6.2 Latin America Aviation Historical Market (2018-2024)6.3 Latin America Aviation Market Forecast (2025-2034)7 Latin America Aviation Market by Type7.1 Commercial Aviation7.2 General Aviation7.3 Military Aviation
8 Latin America Aviation Market by Country8.1 Brazil8.2 Mexico8.3 Argentina8.4 Others
9 Market Dynamics9.1 SWOT Analysis9.2 Porter's Five Forces Analysis9.3 Key Indicators of Demand9.4 Key Indicators of Price
10 Trade Data Analysis (HS Code: 882)10.1 Major Importing Countries10.2 Major Exporting Countries
11 Competitive Landscape11.1 Supplier Selection11.2 Key Global Players11.3 Key Regional Players11.4 Key Player Strategies11.5 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/6u6buh
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Latin American Aviation Market
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