South America Aircraft Computers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component, Type, Platform, and Fit Type

The aircraft computers market in South America is expected to grow from US$ 276.36 million in 2022 to US$ 320.93 million by 2028; it is estimated to grow at a CAGR of 2.5% from 2022 to 2028.

Various aircraft operators are implementing strategies to expand their market. In October 2021, Servicos Aeronautics Ltd., Embraer’s largest operator of executive aircraft in South America, signed a letter of intent with Eve Urban Air Mobility, LLC for an electric vertical takeoff and landing (eVTOL) aircraft order. Embraer manufactures eVTOL aircraft under its Brazilian subsidiary; Eve Air Mobility entered a partnership with Thales to produce eVTOL aircraft in Brazil in April 2022. Thales will provide its support in electric, avionics, navigation, flight control, communication, and connectivity systems. Embraer gets aircraft computers for its E170 and E190 from Honeywell Aerospace. Such partnerships and collaborations will contribute to the aerospace industry in South America and propel the growth of the aircraft computers market. The more eVTOL aircraft are manufactured in the SAM region, the more demand for aircraft computers.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the South America aircraft computers market. The South America aircraft computers market is expected to grow at a good CAGR during the forecast period.

South America Aircraft Computers Market Segmentation

The South America aircraft computers market is segmented into component, type, platform, fit type, and country. Based on component, the market is segmented into hardware and software. The hardware segment accounted for a larger market share in 2021. In terms of type, the market is segmented into flight controls, utility controls & IFE Systems, engine controls, mission computers, and flight management computers. The flight controls segment accounted for the largest share of the market in 2021. Based on platform, the market is categorized into fixed wing, rotary wing, and unmanned aerial vehicles (UAVs). The fixed wing segment dominated the market in 2021. In terms of fit type, the market is categorized into line fit and retrofit. The line fit segment accounted for a larger share in 2021. Based on country, the South America aircraft computers market is segmented into Brazil and the Rest of South America.

BAE Systems; General Dynamics Mission Systems, Inc.; General Electric; Honeywell International Inc.; Lockheed Martin Corporation; Raytheon Technologies; SAAB AB; Safran Group; and Thales Group are among the leading companies in the South America aircraft computers market.