Aviation Market in Latin America 2014-2018
About Aviation Market
The Aviation market in Latin America includes the Airports and Airlines markets in the region. This market includes some of the big airlines such as TAM Linhas Aereas, Avianca-TACA, VARIG-Gol Airlines, and LAN Airlines and some of the busiest airports such as Sao Paulo Guarulhos International Airport and Tocumen International Airport. These airports generate a large amount of revenue from both aeronautical and non-aeronautical sources.
TechNavio's analysts forecast the Global Aviation Market in Latin America to grow at a CAGR of 5.84 percent over the period 2013-2018.
Covered in this Report
The Aviation market in Latin America can be segmented into two divisions: Airlines Market and Airports Market.
TechNavio's report, Aviation Market in Latin America 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Aviation market landscape in Latin America and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Aviation Market in Latin America 2014-2018
TechNavio recognizes the following companies as the key players in the Aviation Market in Latin America: Gol Linhas Aéreas Inteligentes, TAM Linhas Aereas (LATAM Airlines) and Sao Paulo Guarulhos International Airport
Other Prominent Vendors in the market are: Azul Linhas Aereas Brasileiras, Avianca, Aerolineas Argentinas, Aeromico, Copa Airlines, Interjet, LAN Airlines and Volaris.
Commenting on the report, an analyst from TechNavio’s team said: “The emergence of the aerotropolis concept, which places airports in the center of cities, is one of them. Aerotropolis is a new concept in which the plan and layout of a city is concentrated around the airport. The airport is the center of the city and all the business centers are built around the perimeter of the airport.”
According to the report, one of the major factors driving this market is the increase in tourism and urbanization. Brazil and Mexico are the prime tourist destinations in Latin America and contribute considerably to the increasing air traffic within the region and to and from the region. The number of people traveling by air has grown because of political and economic stability and more even income distribution among the middle class. This has resulted in an increase in commercial airports and airlines in the region.
Further, the report states that the increasing cost of airport operations is one of the key challenges in this market. The high costs involved in the maintenance of airport infrastructure reduce the profit margins of commercial airports.
Sao Paulo Guarulhos International Airport, TAM LinhasAereas, VARIG-GOL Airlines/vrgLinhasAereas, AerolineasArgentinas, Aeromexico, Avianca, AZUL LinhasAéreasBrasileiras, Copa Airline, Interje, LAN Airlines, Volaris
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