Growth of Business Aviation Sector is Driving the South America Fixed-Base Operator Market
The increasing number of individuals with ultrahigh net worth in several countries is a one of the key factors boosting the business aviation sector. The market is expected to grow as falling prices of pre-owned corporate aircraft make operating leases more attractive for buyers. The demand for business jets in other parts of the world is increasingly high due to mounting international trade and businesses, and surge in corporate travel activities, especially including managerial executives. According to the General Aviation Manufacturers Association (GAMA), the business jet manufacturers delivered 809, 644, and 710 aircraft in 2019, 2020, and 2021 respectively, and the production and delivery of business jets are further expected to grow in the coming years. Thus, the growth of the business aviation sector due to rising demand for business jets is bolstering the South America fixed-base operator market growth.
South America Fixed-Base Operator Market Overview
The South America fixed-base operator market is further segmented into Brazil, Argentina, Chile, and the Rest of South America, which includes Colombia, Guatemala, and Peru. Despite many environmental and social challenges, among others, favorable government initiatives are facilitating economic growth in the South America countries at a reasonable pace during the forecast period. The rate of urbanization is high in the region, especially in large developing economies. Growing urbanization in the region, coupled with a stable economic structure, is triggering the adoption of air travel as a mode of transportation. Countries such as Brazil, Colombia, Peru, and Chile have the busiest airports in the region due to the massive inflow of air travelers. Brazil and Argentina, among others, are experiencing the proliferation of their respective business and leisure aviation industries, thus boosting the demand for FBO services for ensuring enhanced travelling experience.
South America Fixed-Base Operator market Segmentation
The South America Fixed-base operator market is segmented into services offered, application, and country.
Based on services offered, the South America fixed-base operator market is segmented into hangaring, fuelling, flight training, aircraft maintenance, aircraft rental. In 2022, the fuelling segment registered a largest share in the South America Fixed-base operator market.
Based on application, the South America fixed-base operator market is bifurcated into Business aviation and leisure aviation. In 2022, the Business aviation segment registered a larger share in the South America fixed-base operator market.
Based on country, the South America fixed-base operator market is segmented into Brazil, Argentina, and the Rest of South America. In 2022, the Rest of South America segment registered a largest share in the South America fixed-base operator market.
dnata Corporation; General Dynamics Corporation; Jetex; Luxaviation; Signature Aviation; Swissport; and Universal Weather and Aviation, Inc. are the leading companies operating in the South America fixed-base operator market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 425.04 Million |
| Market Size by 2028 | US$ 513.61 Million |
| CAGR (2022 - 2028) | 3.2% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Services Offered
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Fixed-Base Operator Market is valued at US$ 425.04 Million in 2022, it is projected to reach US$ 513.61 Million by 2028.
As per our report South America Fixed-Base Operator Market, the market size is valued at US$ 425.04 Million in 2022, projecting it to reach US$ 513.61 Million by 2028. This translates to a CAGR of approximately 3.2% during the forecast period.
The South America Fixed-Base Operator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Fixed-Base Operator Market report:
The South America Fixed-Base Operator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Fixed-Base Operator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Fixed-Base Operator Market value chain can benefit from the information contained in a comprehensive market report.
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