- The key vendors in the Aviation Market in Latin America 2014-2018 are Gol Linhas Aéreas Inteligentes, TAM Linhas Aereas (LATAM Airlines) and Sao Paulo Guarulhos International Airport
London, 17 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Aviation Market in Latin America 2014-2018. 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. The Aviation market in Latin America is expected to grow at a CAGR of 5.84 percent during the forecast period of 2014-2018.
Latin America is focused on the improvement of infrastructure in the region, achievement of political and economic stability, poverty reduction, and impartial distribution of income. The growing middle class and increase in consumer spending has made air transport more accessible throughout Latin America.
“Airports are upgrading their existing terminals and adding runways to meet growing demand for passengers and cargo,” says Faisal Ghaus, Vice President of TechNavio Research.
“The construction of new buildings is expected to help airports maintain a smooth flow of passengers and cargo, and increase their non-aeronautical revenue.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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