Mexico Aerospace And Defense Materials Market Size & Outlook
Mexico aerospace and defense materials market, 2018-2030 (US$M)
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Mexico aerospace and defense materials market highlights
- The Mexico aerospace and defense materials market generated a revenue of USD 214.5 million in 2023 and is expected to reach USD 327.8 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, composites was the largest revenue generating material in 2023.
- Titanium is the most lucrative material segment registering the fastest growth during the forecast period.
Aerospace and defense materials market data book summary
| Market revenue in 2023 | USD 214.5 million |
| Market revenue in 2030 | USD 327.8 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Composites |
| Fastest growing segment | Titanium |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aluminum, Titanium, Composites, Superalloys, Steel, Plastics |
| Key market players worldwide | Huntsman Corp, Toray Industries Inc, Arconic, Kobe Steel Ltd, Allegheny & Western Railway, Cytec Industries, Hexcel Corp, Novelis, Constellium SE Class A, SGL Group, Thyssenkrupp AG, Formosa Plastics Group, Teijin Ltd, Strata Investment Holdings plc, VSMPO-AVISMA |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.1% of the global aerospace and defense materials market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aerospace and defense materials market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 327.8 million by 2030.
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Aerospace And Defense Materials Market Scope
Aerospace And Defense Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico aerospace and defense materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense materials market will help companies and investors design strategic landscapes.
Composites was the largest segment with a revenue share of 36.41% in 2023. Horizon Databook has segmented the Mexico aerospace and defense materials market based on aluminum, titanium, composites, superalloys, steel, plastics covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is experiencing a boom in aerospace and defense sector and aerospace investments are announced routinely in the country as aircraft manufacturers seek to take advantage of the easy availability of skilled labor and proximity to the U.S.
Mexico aerospace industry is comparatively young but is growing rapidly. Aerospace industry in the country is made up of 82 aerospace companies and is home to research centers, and maintenance, repair, and overhaul (MRO) service providers.
In general, 80% of the firms are involved in manufacturing, while the remaining are engaged in design, engineering, and material requirement planning (MRP) services. Although Mexico does not produce large aircraft at present, manufacturing of parts for commercial, business, and military aircraft is carried out in the country.
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Our clientele includes a mix of aerospace and defense materials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico aerospace and defense materials market , including forecasts for subscribers. This country databook contains high-level insights into Mexico aerospace and defense materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico aerospace and defense materials market size, by material, 2018-2030 (US$M)
Mexico Aerospace And Defense Materials Market Outlook Share, 2023 & 2030 (US$M)
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