(MENAFN- Ameliorate Solutions) Latin America Commercial Aircraft Cabin Interior Market - Growth, Trends And Forecasts (2020-2025)
The Latin America Commercial Aircraft Cabin Interior Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Latin American commercial aircraft cabin interior market is anticipated to register a CAGR of over 3% during the forecast period.
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Top Leading Companies of Latin America Commercial Aircraft Cabin Interior Market are Safran SA, Honeywell International Inc., Panasonic Avionics Corporation, Collins Aerospace (Raytheon Technologies Corporation), and Diehl Aerospace GmbH and others.
Key Market Trends:
The Overview of the Latin American Aviation Market
The aviation industry in Latin America has been growing at a moderate pace over the past few years. For the past three years, annual passenger traffic witnessed a Y-o-Y growth of about 3.5%. In 2019, the Latin American passenger traffic was over 300 million, wherein domestic carriers accounted for more than 288 million passengers. Several new domestic and international routes were introduced in the past two years due to the favorable government initiatives of various countries in the region. Also, governments and airport operators have been increasing their investments in the development of aviation infrastructure for the existing and new airports, in order to increase their passenger handling capacities, which may propel the growth of the aviation market in the region. The socio-political instability, coupled with the fluctuating economic conditions prevalent in Latin America, is anticipated to hamper the growth of the regional aviation industry. The aforementioned factors are anticipated to significantly affect the procurement of new aircraft in the region, which, in turn, is anticipated to have a subsequent effect on the Latin American commercial aircraft cabin interior market.
Brazil had the Highest Market Share in 2019
Currently, Brazil has the highest share in the Latin American commercial aircraft cabin interior market. This is attributed to the increase in air passenger traffic and the rise in preference for luxury and comfort travel by passengers in the region. The increasing demand for air travel in this region has led to the growth of the aviation industry in Brazil, as airlines are expanding their aircraft fleets. At the beginning of 2019, Azul Airline, one of the prominent airlines of Brazil, announced its plan to retire 15 Embraer E195 E1s and add 21 next-generation aircraft before the end of the year. On that note, in November 2019, Azul Airline received its first Airbus A321neo, the first of an order of 13 aircraft. Over the years, the Brazilian government has realized the impact of the aviation industry on the country's GDP and has amended a few of the regulatory barriers. These include the decisions on allowing 100% foreign ownership of airlines in the country and removing the free checked baggage allowance. Such developments may allow the airlines in Brazil to offer a wider choice to passengers, which can improve the air passenger traffic in and out of the country.
Regional Outlook of Latin America Commercial Aircraft Cabin Interior Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R & D, new product launch, M & A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Latin America Commercial Aircraft Cabin Interior Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
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