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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Mexico Aerospace Market Trends
Nearshoring has emerged as one of the key market trends. This can be attributed to disruptions in global supply chain networks, which have prompted companies to shift their operations towards their main markets. Moreover, the low cost of manufacturing aerospace vehicles in Mexico, coupled with significant enhancements in quality (30%) and efficiency (50%), is expected to contribute towards the growth of the Mexico aerospace market.
The thriving metal mechanics sector of Monterrey has led to its emergence as a critical aerospace manufacturing hub. In November 2022, Honeywell International Inc. announced plans to expand its operations in the Global Centre of Supply Chain Excellence in Nuevo León, Mexico. Moreover, the expansion of operations by major aerospace companies located in Baja California is expected to foster innovations in the interior designs of aircraft, thereby supporting the market growth.
Mexico Aerospace Market Report Snapshots
Mexico Aerospace Market Growth
Mexico Aerospace Market Trends
Mexico Aerospace Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at nearly USD 11.73 billion in 2023.
The market is projected to grow at a CAGR of 17.2% between 2024 and 2032.
The market is assessed to witness a healthy growth in the forecast period to reach around USD 48.75 billion in 2032.
The different revenue streams in the market include manufacturing, engineering and design, and maintenance, repair, and overhaul.
The major end users in the market include government and the private sector.
The major regions in the market include Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
The key market players are Airbus SE, Safran SA, Bombardier Inc., Daher, Dassault Aviation SA, Ducommun Incorporated, General Electric Company, Honeywell International Inc, Textron, Inc, and The Boeing Company, among others.
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