Authored By: Sarah
27 Sep 2023

Revenue growth of USD 8375.16 Mn is forecasted for Aerospace Market in Mexico through 2023-2027

The Aerospace Market in Mexico is expected to grow by USD 8375.16 Mn accelerating at a CAGR of 18.27% from 2023 to 2027. The primary determinants of market expansion during the forecast period comprise factors of the favorable regulatory environment, followed by the growing count of manufacturing firms. aerospace market in mexico share, aerospace market size, aerospace market research, aerospace market forecast, aerospace market growth

Snapshot of the Aerospace Market in Mexico

"The Mexican aerospace industry federation experienced a 14% average annual export growth from 2004-2019, due to favorable export programs like Maquiladora Export Program, which allowed duty-free imports to assemble products for export in the aerospace market. Nevertheless, the export sector is expected to rebound with support from the government.”, says a senior research analyst for the market_industry_l Industry at Technavio.

Aerospace Market In Mexico: Highlights of the End-user Segment 

  • The market extensively covers segmentation by end-user (government and private sector), and revenue stream (manufacturing, engineering and design, maintenance, and repair and overhaul).
  • The growth of the government segment will be significant during the forecast period as it is expected to dominate the market space due to government control over a large number of airports.

" Aeropuertos y Servicios Auxiliares (ASA), a Mexican aerospace agency, operates 19 airports apart from 5 co-operated additional airports, including Toluca, Queretaro, Cuernavaca, Palenque, and Tuxtla Gutierrez. It supplies fuel to 63 airports with an estimated passenger handling capacity of 2.7 million passengers" 

Aerospace Market In Mexico: Competitive Analysis: When it comes to leading companies in the Aerospace Market In Mexico, names worth mentioning are Airbus Group SE, BASF SE, Bombardier Inc., DAHER, Dassault Aviation SA, Ducommun Inc., General Dynamics Corp., General Electric Co., GKN Aerospace Services Ltd., Honeywell International Inc., Mitsubishi Heavy Industries Ltd., Parker Hannifin Corp., Raytheon Technologies Corp., Safran SA, Textron Inc., Thales Group, and The Boeing Co. are some of the major market participants.

Technavio evaluates the market with a detailed investigation into the market forces, emerging trends, and growth drivers. It also provides competitive benchmarking to equip clients with actionable insights that will help them navigate through the current market scenario. Request for a sample report for all the detailed insights.

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