South America Fixed-Base Operator Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Services Offered (Hangaring, Fuelling, Flight Instructions, Aircraft Maintenance, and Aircraft Rental) and Application (Business Aviation and Leisure Aviation)

The Business Aviation Segment to Dominate South America Fixed-Base Operator Market during 2021-2028

According to a new market research study on “South America Fixed-Base Operator Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Services offered, Application and Country,” is expected to reach US$ 520.04 million by 2028 from US$ 415.47 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the South America fixed-base operator market along with the drivers and restraints pertaining to the market growth. Rapid Development of the business aviation sector and fuelling services contribution to fixed-base operator service business are major factors driving the growth of the South America fixed-base operator market. However, high operational costs and staffing shortages hinder the growth of South America fixed-base operator market.

South America, especially Brazil, witnessed an unprecedented rise in the number of COVID-19 cases in 2020. The pandemic conditions resulted in a decrease in aviation and defense activities, consequently lowering the demand for fixed-base operating activities in the first half of 2020. Moreover, decline in the overall travel activities has led to discontinuation of fixed-base operator projects in Argentina, Colombia, Peru, Chile among other South American countries. However, the countries are likely to overcome the consequences of the drop in demand with the economic activities regaining their pace, especially from the beginning of 2021.

The market for South America fixed-base operator is segmented into services offered, application and country. Based on services offered, the market is segmented into hangaring, fuelling, flight instructions, aircraft maintenance, and aircraft rental. The hangaring segment is expected to be the fastest growing segment over the forecast period. Based on application, the South America fixed-base operator is divided into business aviation and leisure aviation. In 2020, the business aviation segment held the largest share in South America fixed-base operator market. Based on country, the South America fixed-base operator market is segmented into Brazil, Argentina and rest of South America. Brazil is expected to be the fastest growing segment over the forecast period. Furthermore, in this present scenario of COVID 19 pandemic, the South America fixed-base operator market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for fixed-base operator.

dnata Corporation, General Dynamics Corporation, Jetex, Luxaviation, Signature Aviation, Swissport International AG are some of the leading companies in the South America fixed-base operator market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market

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