Mexico Aerospace And Defense Mro Market Size & Outlook
Mexico aerospace and defense mro market, 2018-2030 (US$M)
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Mexico aerospace and defense mro market highlights
- The Mexico aerospace and defense mro market generated a revenue of USD 1,090.0 million in 2021 and is expected to reach USD 1,613.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.5% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Engine is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace and defense mro market data book summary
| Market revenue in 2021 | USD 1,090.0 million |
| Market revenue in 2030 | USD 1,613.5 million |
| Growth rate | 4.5% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Engine |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.0% of the global aerospace and defense mro market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aerospace and defense mro 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 1,613.5 million by 2030.
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Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico aerospace and defense mro 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 mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 35.63% in 2021. Horizon Databook has segmented the Mexico aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
Aircraft manufacturing and MRO support services are key industries flourishing in Mexico. The aerospace & defense industry of the country is witnessing high growth for the past few years.
Continuous and complete implementation of the Bilateral Aviation Safety Agreement (BASA) and the Federal Aviation Administration (FAA) rules are in line with the strategy of Mexico to provide MRO products and services to aircraft throughout their lifecycle.
According to the Mexican Federation of the Aerospace Industries (FEMIA), the country is the twelfth-largest exporter of aerospace & defense products in the world and their sixth-largest supplier to the U.S.
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Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
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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 mro market , including forecasts for subscribers. This country databook contains high-level insights into Mexico aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico aerospace and defense mro market size, by product, 2018-2030 (US$M)
Mexico Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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