Mexico Aerospace Parts Manufacturing Market Size & Outlook
Mexico aerospace parts manufacturing market, 2018-2030 (US$M)
Related Markets
Mexico aerospace parts manufacturing market highlights
- The Mexico aerospace parts manufacturing market generated a revenue of USD 11,603.1 million in 2022 and is expected to reach USD 24,752.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.9% from 2023 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2022.
- Avionics is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace parts manufacturing market data book summary
| Market revenue in 2022 | USD 11,603.1 million |
| Market revenue in 2030 | USD 24,752.9 million |
| Growth rate | 9.9% (CAGR from 2022 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Avionics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Aircrafts Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components |
| Key market players worldwide | Rolls-Royce Holdings PLC, Safran SA, Woodward Inc, Martinrea International Inc, Eaton Corp PLC, Lockheed Martin Corp, GE Aerospace, MTU Aero Engines AG, RTX Corp, Honeywell International Inc, Mitsubishi Electric Corp, Kawasaki Heavy Industries Ltd, Subaru Corp, IHI Corp, Deutsche Lufthansa AG, Liebherr Group, Hexcel Corp, Ducommun Inc, Rockwell Automation Inc, Spirit AeroSystems Holdings Inc Class A, Panasonic Holdings Corp, Thales, Dassault Systemes SE, Parker Hannifin Corp, Basf SE, Airbus SE, Danaher Corp, Triumph Group Inc, Curtiss-Wright Corp, Magellan Aerospace Corp, Bridgestone Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.3% of the global aerospace parts manufacturing market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aerospace parts manufacturing 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 24,752.9 million by 2030.
Engine was the largest segment with a revenue share of 28.48% in 2022. Horizon Databook has segmented the Mexico aerospace parts manufacturing market based on engine, aircrafts manufacturing, cabin interiors, equipment, safety & support, avionics, insulation components covering the revenue growth of each sub-segment from 2018 to 2030.
Aerospace industry in Mexico is rapidly expanding. Aerospace manufacturing is one of the fastest growing sectors in Mexico, owing to its openness, proximity to the U.S. market, and high technically skilled labor resources. Commercial aircraft lodge manufacturing is witnessing an upward trend due to readily available capital, and slight decline in operating costs and increasing profits of airlines.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Aerospace Parts Manufacturing Market Scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico aerospace parts manufacturing market size, by product, 2018-2030 (US$M)
Mexico Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
