DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/cw7kk9/aviation_market) has announced the addition of the "Aviation Market in Latin America 2014-2018" report to their offering.
The Aviation Market in Latin America to grow at a CAGR of 5.84% over the period 2013-2018
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.
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
Other Prominent Vendors
- AZUL LinhasAéreasBrasileiras
- Copa Airlines
- LAN Airlines
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For more information visit http://www.researchandmarkets.com/research/cw7kk9/aviation_market