South and Central America Aviation Headsets Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (On-Board Headsets, and Ground Support Headsets); Noise Cancellation Type (Active, and Passive), End Use (Commercial Aircraft, Military Aircraft, and General Aviation)
South and Central America aviation headsets market is expected to grow from US$ 45.63million in 2021 to US$ 54.48 million by 2028. It is estimated to grow at a CAGR of 2.6% from 2021 to 2028.
The rising number of light-sport aircraft deliveries owing to an increase in awareness for air sports among youngsters across is aiding the deployment of new generation recreational aircraft models. For instance, the rising fleet of existing LSA (light-sport aircraft) is generating the demand for new pilots and headset accessories worldwide. Moreover, the demand for LSA is mainly driven by the rising interest in recreational activities such as sky diving is paving way for new players to establish business while the existing players expanding their business by setting up a new base and buying new aircraft. Therefore, the growing fleet of light-sport aircraft region is aiding the adoption of aviation headsets regionally.
The market for South and Central America Aviation Headsets Market is segmented into the type, noise cancellation, end use and country. Based on type, the South and Central America Aviation Headsets Market is segmented into on-board headsets, and ground support headsets. In 2021, the on-board headsets segment accounted for the largest market share moreover registered the highest CAGR during the forecast period. The growth of these segments is attributed to rise in the number of operational aircraft in the aviation industry.
Brazil has the highest number of COVID-19 cases, followed by Peru, Chile, Colombia, and Ecuador. The governments in SCAM countries have taken various actions to protect its citizens and contain COVID-19's spread. Brazil is the largest spender in the aerospace industry and is the only modern aircraft manufacturing country in the region. Due to this, the demand for components and aircraft-related systems and technologies is at an all-time high in the country. In addition, the majority of the components are imported from the US, China, and SCAM countries. The slowdown in aviation headset production in Brazil has impaired the supply chain in the country. This has weakened the demand for aircraft components, such as engines, airframes, avionics, and other components. Thus, the outbreak of COVID-19 has severely affected the SCAM aviation headsets market.
The overall South and Central America Aviation Headsets Market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the South and Central America Aviation Headsets Market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the South and Central America Aviation Headsets Market. Some of the activities undertaken by the companies, which have promoted market growth are mergers and acquisitions, and market initiatives. The companies includes Lightspeed Aviation, Inc., Sennheiser electronic GmbH & Co. KG, Faro Aviation, David Clark Company, Bose Corporation, Plantronics, Inc., Robert Bosch GmbH, and GBH Headsets.
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