Latin America Aerostructures Market Size & Outlook
The aerostructures market in Latin America is expected to reach a projected revenue of US$ 10,034.8 million by 2030. A compound annual growth rate of 6.5% is expected of Latin America aerostructures market from 2024 to 2030.
Revenue, 2023 (US$M)
$6,438.7
Forecast, 2030 (US$M)
$10,034.8
CAGR, 2024 - 2030
6.5%
Report Coverage
Latin America
Latin America aerostructures market highlights
- The Latin America aerostructures market generated a revenue of USD 6,438.7 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, composites was the largest revenue generating material in 2023.
- Composites is the most lucrative material segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 6,438.7 million |
| Market revenue in 2030 | USD 10,034.8 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Composites |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Composites |
| Key market players worldwide | Airbus SE, Spirit Aerosystems, Saab AB ADR, Spirit AeroSystems Holdings Inc Class A, AAR Corp, Triumph Group Inc, Elbit Systems Ltd, The Boeing Company, Leonardo SpA ADR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.8% of the global aerostructures market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 27,969.9 million by 2030.
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Aerostructures Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Spirit Aerosystems | View profile | 10001+ | Wichita, Kansas, United States, North America | http://www.spiritaero.com |
| The Boeing Company | View profile | 10001+ | Arlington, Virginia, United States, North America | http://www.boeing.com |
| Saab AB ADR | View profile | 22335 | Olof Palmes gata 17, 5th Floor, Stockholm, Sweden, SE-111 22 | https://www.saab.com |
| Spirit AeroSystems Holdings Inc Class A | View profile | 20655 | 3801 South Oliver Street, Wichita, KS, United States, 67210 | https://www.spiritaero.com |
| Triumph Group Inc | View profile | 4937 | 555 E Lancaster Avenue, Suite 400, Radnor, PA, United States, 19087 | https://www.triumphgroup.com |
| AAR Corp | View profile | 5000 | 1100 N. Wood Dale Road, One AAR Place, Wood Dale, IL, United States, 60191 | https://www.aarcorp.com |
| Leonardo SpA ADR | View profile | 51000 | Piazza Monte Grappa 4, Rome, Italy, 00195 | http://www.leonardocompany.com |
| Elbit Systems Ltd | View profile | 18984 | Advanced Technology Center, P.O. Box 539, Haifa, Israel, 3100401 | https://www.elbitsystems.com |
| Airbus SE | View profile | 150093 | P.O. Box 32008, Leiden, ZH, Netherlands, 2303 DA | https://www.airbus.com |
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