The new report by Informes de Expertos titled, ‘Latin America Business Jets Market 2023-2028’ , gives an in-depth analysis of the market, assessing it based on the type of aircraft, end-use, systems, services, platform, and key regions. The report analyses key success factors and constraints tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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Los aspectos más destacados del informe incluyen:
Visión general del mercado (2018-2028)
• CAGR para el período de pronóstico (2023-2028): 3,90%
Se espera que el mercado latinoamericano de jets de negocios se expanda a una CAGR de 3,90% durante el período de pronóstico de 2023-2028 y se alcanzó a un valor estimado de 3,85 mil millones de dólares en 2022. Las estimaciones de las predicciones de crecimiento son esperadas por los actores clave y sus firmes esfuerzos de colaboración en la región objetivo, lo que contribuyó a este auge en la expansión del mercado. En consecuencia, una mayor base de consumidores está siendo atraída al mercado como resultado del aumento de la renta disponible y el incremento en el deseo y la preferencia de las personas de altos ingresos para tener viajes cómodos y agradables.
Además de estas razones, se prevé que variables como la valiosa contribución del transporte aéreo a la economía brasileña y su compromiso con el gobierno para mejorar el lanzamiento de productos apoyen al sector en los próximos años. Las principales empresas, incluida Bombardier, están preparando estrategias de desarrollo del crecimiento y planes de innovación de productos para las ventas orgánicas de la región latinoamericana.
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Industry Definition and Major Segments
A business jet or bizjet is engineered to carry businesspeople, private passengers, and other VIP and high-income individuals. Public organisations, government personnel, or the armed forces use mostly business aircraft. Business aircraft can be configured to perform a variety of tasks, including the process of casualty evacuation and the speedy delivery of items.
The industry can be divided based on its aircraft type as:
• Light
• Mid-Sized
• Large
• Airliners
The sector can be classified according to its final use in:
• Private
• Operators
The sector can be divided according to its system into:
• OEM
• Aftermarket
The sector can be divided according to its services as:
• Charter Services
• Jet Card Program
• Debit as You Fly Program
• Fractional Ownership
Furthermore, the business jet market, based on its platform, can be divided into:
• Fixed Wing
• Rotary Wing
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Others
Market Trends
The Latin American business jet market’s growth data demonstrate the consistent and expanding market share of the region’s major competitors. The Brazilian economy in Latin America is growing with respect to the high number of international trips and air traffic which has pushed the government to opt for measures for sustainability and environment-friendly product launches. This factor is refocusing attention on the steps taken by key corporations of business jets to employ eco-friendly manufacturing. Additionally, during the projected period, the market is expected to increase due to factors like great demand for business jets by billionaire celebrities and increased air travel attributable to exploration and travel trends.
Furthermore, the OEM segment of the market is moving in a favourable direction and toward amelioration thanks to the tenacious efforts of regional companies and the requirement to embrace advanced technologies in business units. This segment is bolstered by the impact of augmented requisition of new aircraft for demand service and commercialisation. Together with greater production techniques and high deliverable rates, the industry has recorded healthy growth, therefore these trends and market dynamics are altering the market outlook of business jets in the Latin American region.
Key Market Players
The major players in the market are:
• Bombardier
• General Electric
• Embraer
• Gulfstream Aerospace Corporation
• Textron Inc.
• Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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