Northwest Aerospace News PNAA 2021 ADVANCE | Page 56

New Aerospace Trends : UAV , MRO and Defense
One of the latest growth trends is in the use of unmanned aerial vehicles ( UAVs ). Most of these are for agriculture and inspection station use . There are roughly 2,400 registered drone companies in Brazil right now . The country also has a growing defense sector . Brazil was designated a major non-NATO ally by the U . S . in 2019 , which allows for increased collaboration in defense-related technologies and systems .
In the aviation sector , the country is a growing force in the repair and maintenance market , which is valued at $ 730 million . This includes the manufacture of original equipment .
Stay on the Lookout for Opportunities in Brazil !
Brazil offers savvy businesses tremendous potential . The ratification of the U . S . -Brazilian Technological Safeguards Agreement has helped spur additional opportunities , giving Brazil access to new international markets through this important agreement .
The Alcântara Tech Park alone could infuse up to $ 3.5 billion into the Brazilian economy in the coming years , in part because equatorial launches reduce fuel consumption by up to 30 percent , allowing for larger payloads .
In the defense industry , military expenditures currently stand at $ 27.9 billion but are expected to reach $ 40.2 billion by 2024 due to Brazil ’ s increasing efforts to update its military technology and equipment . Also , the civil aerospace sector accounted for $ 7.1 billion in revenue , representing 56.7 percent of the market value .
56 NORTHWEST AEROSPACE NEWS