South & Central America Aircraft MRO Market Analysis and Forecast by Size, Share, Growth, Trends 2031

The South & Central America aircraft MRO market size is expected to reach US$ 6,475.43 million by 2031 from US$ 4,590.76 million in 2024. The market is estimated to record a CAGR of 5.4% from 2025 to 2031.

Executive Summary and South & Central America Aircraft MRO Market Analysis:

Despite the slight recession and economic crisis in Venezuela and Brazil in recent times, the South & Central American region is likely to exhibit a positive outlook toward its global business in the coming years. The IATA has directed the governments of these countries to implement smart industry regulations to ensure the right infrastructure for the growth of the aviation sector. Achieving profitability through services is a major challenge faced by airline service providers in South America. The profit earned per passenger by the South American airlines is insufficient compared with the global average.

The traffic rise of 14.4% in 2024 compared to 2023 in the Latin American aviation sector drive substantial growth in the aircraft MRO market in South America. With annual capacity increasing by 14.3% and a load factor reaching 84.8%, the highest among global regions, the demand for MRO services is surging as airlines expand their fleets to accommodate rising passenger numbers.

The future of the South American aviation sector looks promising owing to the forecast and analysis showcased by the aircraft manufacturers, namely Boeing, Airbus, and Embraer. The Brazilian defense sector is monetizing the procurement of a newer aircraft fleet, which demands enhanced MRO activities owing to the complexity of the newer fleet. The older fleet in the Brazilian defense force requires upgradation and retrofitting activities of advanced technologies. In March 2025, FL Technics' decided to join the Latin American and Caribbean Air Transport Association (ALTA) and expand its MRO network in the region. The first phase of their ambitious project will establish a 52,000-square-meter facility, including a 20,000-square-meter hangar and five maintenance bays. This infrastructure is designed to support the increasing fleet of narrow-body aircraft, which are becoming more prevalent in the region due to rising demand for air travel. The increasing count of aircraft at the airports propels the demand for aircraft MRO services to ensure safe operations.

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South & Central America Aircraft MRO Market: Strategic Insights

South & Central America Aircraft MRO Market Segmentation Analysis:

Key segments that contributed to the derivation of the South & Central America aircraft MRO market analysis are component, aircraft type, and end users.

• Based on component, the South & Central America aircraft MRO market is segmented into engine MRO, avionics MRO, airframe MRO, cabin MRO, landing gear MRO, and others. The engine MRO segment held the largest share of the market in 2024.

• Based on aircraft type, the South & Central America aircraft MRO market is bifurcated into fixed wing and rotary wing. The fixed wing segment held a larger share of the market in 2024.

• Based on end users, the South & Central America aircraft MRO market is bifurcated into commercial and military. The commercial segment held a larger share of the market in 2024.

South & Central America Aircraft MRO Market Players Density: Understanding Its Impact on Business Dynamics

The South & Central America Aircraft MRO Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

South & Central America Aircraft MRO Market Outlook

MRO services in the aviation industry play an irreplaceable role in assuring the durability, safety, and profitability of commercial and military airlines. To maintain their market position in the future, businesses should embrace flexibility in adopting new and trending technologies. This approach will help digitalize their processes, reducing reliance on human intervention. Advanced technologies such as blockchain improve processes in MRO organizations. The technology has massive potential in the MRO space. The adoption of blockchain technology has been low so far; however, soon, this technology will contribute a considerable share to the overall growth of the aircraft MRO market. With the help of blockchain technology, companies can record the configuration details of MRO components. This also makes the documentation process across component manufacturers and MRO service providers effortless. Additionally, the deployment of this technology also enables MRO service providers to offer verifiable documentation about the parts they have installed, thereby maintaining transparency in their operations. A few instances of various aircraft MRO market players opting for blockchain technology are given below.

• In March 2021, the Government Blockchain Association and Digital Innovation Group formed a joint venture named GBA Aviation & Aerospace Working Group. This joint venture is formed to explore the use of blockchain in the aerospace and aviation sectors for MRO services, supply chains, and airports.

• In October 2023, Lufthansa Industry Solutions announced the Blockchain initiative to increase the adoption of blockchain in the aviation industry.

• In 2023, SITA partnered with ILS to create a new authenticity-assured parts service leveraging a blockchain-based digital passport for an expanding aftermarket in the commercial and defense aerospace industry.

Thus, aviation industry players such as aircraft manufacturers, aircraft MRO service providers, and aviation technology developers are emphasizing the adoption of blockchain technology to track their MRO processes. This factor is anticipated to stimulate the aircraft MRO market's growth in the coming years.

South & Central America Aircraft MRO Market Country Insights

Based on country, the South & Central America aircraft MRO market comprises Brazil, Argentina, and the Rest of South & Central America. Brazil held the largest share in 2024.

The recent developments in Brazil's aviation sector, highlighted by a 7.3% increase in domestic traffic in 2024, have surpassed pre-pandemic levels by 3.0%. This upward trend in passenger demand, as reported by the International Air Transport Association (IATA), indicates a robust recovery and expansion of the aviation industry, creating a favorable environment for MRO services.

In May 2024, GE Aerospace announced an investment of US$ 76.10 million to expand its Tres Rios MRO plant. This expansion is a response to the increased customer volume across the region, reflecting the demand for MRO services as airlines operate more flights and expand their fleets to accommodate the rising number of passengers. The investment will enhance the facility's capacity and capabilities, allowing it to serve the needs of airlines in Brazil better.

In August 2023, Synerjet added a new maintenance center in Goianápolis, Brazil. Therefore, the expanding aviation sector in the country and various players expanding their business in the country drive the growth of the aircraft MRO market in Brazil.

South & Central America Aircraft MRO Market Company Profiles

Some of the key players operating in the market include AAR CORP; Barnes Group Inc; GE Aerospace; FLTechnics, UAB.; Turkish Technic Inc.; Singapore Technologies Engineering Ltd; Lufthansa Technik; Delta TechOps; Rolls-Royce Holdings Plc; and Collins Aerospace, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

South & Central America Aircraft MRO Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites , annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents , statistical databases, and market reports.
• News articles , press releases, and webcasts specific to companies operating in the market.

Note:

• Primary Research

The Insights Partners’ conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis, and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders : Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts : Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise