South America Aircraft Engine MRO Market Forecast to 2028 – COVID-19 Impact and Analysis – by Engine (Turbine Engine and Piston Engine), Application (Commercial, General, and Military), and Aircraft Type (Fixed Wing and Rotary Wing)
he aircraft engine MRO market in South America is expected to grow from US$ 1.09 billion in 2022 to US$ 1.29 billion by 2028; it is estimated to grow at a CAGR of 3.0% from 2021 to 2028.
Fuel-efficient aircraft is important due to the increasing price of oil, and airline manufacturers can save a significant amount of money by utilizing less fuel through better fuel–efficiency. If an aircraft uses less fuel, it will produce less CO2 emissions. Aircraft manufacturers are focusing on delivering more fuel-efficient aircraft in upcoming years. Aircraft manufacturers, such as Boeing and Airbus, are taking several initiatives, such as replacing old aircraft with new fuel-efficient aircraft and improving flight operations. Airbus forecasted that air transport demand would dynamically move from fleet development to the sped up retirement of older, less fuel-efficient aircraft. This shift is anticipated to require more than 39,000 new commercial and freighter aircraft over the next few years. As a result, most of the passenger aircraft operating will be technologically advanced, with considerably better CO2 efficiency in passenger aircraft fleets. Just 1% of the reduction in the average annual fuel burn of Airbus A320 and Boeing B737-300 will save approximately 100 tons of fuel by 2040, and about 400 tons of CO2 will not be emitted. The United Nation's Intergovernmental Panel on Climate Change estimated that carbon emissions will increase by 3% by 2050. IATA takes several initiatives to reduce carbon emissions, such as shortening flight routes. Fuel-efficient aircraft is expected to increase the demand for aircraft engine MRO services, supporting the market in future years.
South America Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
South America Aircraft Engine MRO Market Segmentation
The South America aircraft engine MRO market is segmented by engine, application, aircraft type, and country.Based on engine, the South America aircraft engine MRO market is bifurcated into turbine engine and piston engine. Turbine engine is expected to dominate the aircraft engine MRO market in 2022. The turbine engine segment is further sub-segmented into turboprop engine, turbofan engine, and turboshaft engine. Turbofan engine is expected to dominate the aircraft engine MRO market in 2022. On the basis of application, the South America aircraft engine MRO market is segmented into commercial, general, and military. The commercial segment is expected to account for the largest share in 2022 in the South America aircraft engine MRO market. On the basis of aircraft type, the South America aircraft engine MRO market is categorized into fixed wing and rotary wing. Fixed wing is expected to dominate the market in 2022. The South America aircraft engine MRO market, based on country, is segmented into Brazil and the rest of South America. Brazil dominated the market in 2022.
Key players dominating the South America aircraft engine MRO market are CFM International, Delta Air Line, GE Aviation, Lufthansa Technik, MTU Aero Engines AG, Raytheon Technologies Corporation, Rolls-Royce plc, and Safran.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SAM Aircraft Engine MRO Market Landscape
4.1 Market Overview
4.2 Porter’s Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Aircraft Engine MRO Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Resuming of Grounded Aircraft Post–Pandemic
5.1.2 Stringent Government Regulations Related to Carbon Emissions
5.2 Market Restraints
5.2.1 Suspension of Older Aircraft Fleets
5.3 Market Opportunities
5.3.1 Expected Future Delivery of Aircraft
5.4 Future Trends
5.4.1 The Increasing Demand for Fuel–Efficient Aircraft
5.5 Impact Analysis of Drivers and Restraints
6. Aircraft Engine MRO Market – SAM Analysis
6.1 SAM Aircraft Engine MRO Market Overview
6.2 SAM Aircraft Engine MRO Market Forecast and Analysis
7. SAM Aircraft Engine MRO Market Analysis – By Engine
7.1 Overview
7.2 SAM Aircraft Engine MRO Market, By Engine (2021 and 2028)
7.3 Turbine Engine
7.3.1 Overview
7.3.2 Turbine Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.1 Turboprop Engine
7.3.2.1.1 Overview
7.3.2.1.2 Turboprop Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.2 Turbofan Engine
7.3.2.2.1 Overview
7.3.2.2.2 Turbofan Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.3.2.3 Turboshaft Engine
7.3.2.3.1 Overview
7.3.2.3.2 Turboshaft Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
7.4 Piston Engine
7.4.1 Overview
7.4.2 Piston Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8. SAM Aircraft Engine MRO Market Analysis – By Application
8.1 Overview
8.2 SAM Aircraft Engine MRO Market, By Application (2021 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8.4 General
8.4.1 Overview
8.4.2 General: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
8.5 Military
8.5.1 Overview
8.5.2 Military: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
9. SAM Aircraft Engine MRO Market Analysis – By Aircraft Type
9.1 Overview
9.2 SAM Aircraft Engine MRO Market, By Aircraft Type (2021 and 2028)
9.3 Fixed Wing
9.3.1 Overview
9.3.2 Fixed Wing: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
9.4 Rotary Wing
9.4.1 Overview
9.4.2 Rotary Wing: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
10. SAM Aircraft Engine MRO Market – Country Analysis
10.1 Overview
10.1.1 SAM: Aircraft Engine MRO Market, by Key Country
10.1.1.1 Brazil: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.1.1 Brazil: Aircraft Engine MRO Market, By Engine
10.1.1.1.1.1 Brazil: Aircraft Engine MRO Market, By Turbine Engine
10.1.1.1.2 Brazil: Aircraft Engine MRO Market, By Application
10.1.1.1.3 Brazil: Aircraft Engine MRO Market, By Aircraft Type
10.1.1.2 Rest of SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
10.1.1.2.1 Rest of SAM: Aircraft Engine MRO Market, By Engine
10.1.1.2.1.1 Rest of SAM: Aircraft Engine MRO Market, By Turbine Engine
10.1.1.2.2 Rest of SAM: Aircraft Engine MRO Market, By Application
10.1.1.2.3 Rest of SAM: Aircraft Engine MRO Market, By Aircraft Type
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Delta Air Line
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 GE Aviation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 CFM International
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Lufthansa Technik
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 MTU Aero Engines AG
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Safran
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Rolls-Royce plc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Raytheon Technologies Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. SAM Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Table 2. SAM: Aircraft Engine MRO Market, by Country – Revenue and Forecast to 2028 (US$ Billion)
Table 3. Brazil: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 4. Brazil: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 5. Brazil: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 6. Brazil: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 7. Rest of SAM: Aircraft Engine MRO Market, By Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 8. Rest of SAM: Aircraft Engine MRO Market, By Turbine Engine – Revenue and Forecast to 2028 (US$ Billion)
Table 9. Rest of SAM: Aircraft Engine MRO Market, By Application – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Rest of SAM: Aircraft Engine MRO Market, By Aircraft Type – Revenue and Forecast to 2028 (US$ Billion)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. SAM Aircraft Engine MRO Market Segmentation
Figure 2. SAM Aircraft Engine MRO Market Segmentation – By Country
Figure 3. SAM Aircraft Engine MRO Market Overview
Figure 4. Turbine Engine Segment held the Largest Share of SAM Aircraft Engine MRO Market
Figure 5. Turbofan Engine Segment held the Largest Share of SAM Aircraft Engine MRO Market
Figure 6. Commercial Segment held the Largest Share of SAM Aircraft Engine MRO Market
Figure 7. Fixed Wing Segment held the Largest Share of SAM Aircraft Engine MRO Market
Figure 8. Brazil to Show Great Traction During Forecast Period
Figure 9. SAM Aircraft Engine MRO Market– Porter’s Five Forces Analysis
Figure 10. Ecosystem Analysis: SAM Aircraft Engine MRO Market
Figure 11. Expert Opinion
Figure 12. SAM Aircraft Engine MRO Market: Impact Analysis of Drivers and Restraints
Figure 13. SAM Aircraft Engine MRO Market Forecast and Analysis (US$ Billion)
Figure 14. SAM Aircraft Engine MRO Market, By Engine (2021 and 2028)
Figure 15. Turbine Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 16. Turboprop Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Turbofan Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Turboshaft Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 19. Piston Engine: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 20. SAM Aircraft Engine MRO Market, By Application (2021 and 2028)
Figure 21. Commercial: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 22. General : SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Military: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 24. SAM Aircraft Engine MRO Market, By Aircraft Type (2021 and 2028)
Figure 25. Fixed Wing: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Rotary Wing: SAM Aircraft Engine MRO Market Revenue and Forecast to 2028 (US$ Billion)
Figure 27. SAM: Aircraft Engine MRO Market, by key Country– Revenue (2021) (US$ Billion)
Figure 28. SAM: Aircraft Engine MRO Market Revenue Share, by Key Country (2020 & 2028)
Figure 29. Brazil: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 30. Rest of SAM: Aircraft Engine MRO Market – Revenue and Forecast to 2028 (US$ Billion)
- CFM International
- Delta Air Line
- GE Aviation
- Lufthansa Technik
- MTU Aero Engines AG
- Raytheon Technologies Corporation
- Rolls-Royce plc
- Safran
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Aircraft Engine MRO Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America Aircraft Engine MRO Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the Aircraft Engine MRO Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution