Aerospace Industry In Mexico Market Size (2024 - 2029)

The market size of the Aerospace Industry in Mexico is predicted to see substantial growth during the forecast period. This growth is driven by an increase in aviation operations and aircraft manufacturing. Additionally, the expansion of aerospace maintenance, repair, and overhaul facilities in the region contributes to this growth. Despite potential setbacks from stringent regulatory frameworks, the integration of smaller local suppliers into the industry and trade agreements with the US and Canada are expected to further boost the market size.

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Market Size of Aerospace Industry In Mexico

Aerospace in Mexico Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 11.86 Billion
Market Size (2029) USD 23.70 Billion
CAGR (2024 - 2029) 14.85 %
Market Concentration Low

Major Players

Aerospace Industry In Mexico Major Players

*Disclaimer: Major Players sorted in no particular order
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Aerospace in Mexico Market Analysis

The Aerospace Industry In Mexico Market size is estimated at USD 11.86 billion in 2024, and is expected to reach USD 23.70 billion by 2029, growing at a CAGR of 14.85% during the forecast period (2024-2029).

  • Growth in aviation operations coupled with significant growth in terms of aircraft manufacturing drives the market growth during the forecast period. Furthermore, the growth in aerospace maintenance, repair, and overhaul facilities within the region will lead to the market witnessing substantial growth during the forecast period.
  • The imposition of a stringent regulatory framework may hamper market growth. However, new initiatives to integrate smaller local suppliers into the Mexican aerospace industry, as well as growing opportunities that are being generated from trade agreements between the US, Canada, and Mexico, would drive the growth prospects for the market.

Aerospace in Mexico Industry Segmentation

The study covers all aspects of the aerospace industry in Mexico and provides insights into the Mexican aerospace industry. The study also offers the company profiles of major aerospace companies operating or offering their products and services in Mexico.

The aerospace industry in Mexico is segmented by industry. By industry, the market is segmented by manufacturing, engineering and design, and maintenance repair and overhaul (MRO). 

For each segment, the market size is provided in terms of value (USD).

Industry
Manufacturing
Engineering and Design
Maintenance, Repair, and Overhaul

Aerospace Industry In Mexico Size Summary

The Aerospace Industry in Mexico is anticipated to experience significant growth in the coming years. This growth is driven by an increase in aviation operations and aircraft manufacturing, as well as a rise in aerospace maintenance, repair, and overhaul facilities within the region. However, a stringent regulatory framework may pose a challenge to market growth. Despite this, the integration of smaller local suppliers into the Mexican aerospace industry and the opportunities generated from trade agreements between the US, Canada, and Mexico are expected to propel the market's growth prospects. The market trends indicate a remarkable growth in the manufacturing segment due to the growing demand for air travel within the country. This demand is leading to the manufacturing of new and technologically advanced aircraft to meet the country's aviation requirements. Additionally, the maintenance, repair, and overhaul segment is also expected to dominate the market during the forecast period. The market is fragmented with various players, including Airbus SE, The Boeing Company, General Dynamics Corporation, Honeywell International Inc., and Bombardier Inc., among others. These players are engaged in the manufacturing of newer aircraft equipment within the country, leading to increased market competition.

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Aerospace Industry In Mexico Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Buyers/Consumers

      2. 1.4.2 Bargaining Power of Suppliers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Industry

      1. 2.1.1 Manufacturing

      2. 2.1.2 Engineering and Design

      3. 2.1.3 Maintenance, Repair, and Overhaul

Aerospace Industry In Mexico Market Size FAQs

The Aerospace Industry In Mexico Market size is expected to reach USD 11.86 billion in 2024 and grow at a CAGR of 14.85% to reach USD 23.70 billion by 2029.

In 2024, the Aerospace Industry In Mexico Market size is expected to reach USD 11.86 billion.

Mexico Aerospace Market Report Snapshots

Aerospace Industry in Mexico Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)