The report presents an in-depth assessment of the Mexico Aerospace Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Mexico Aerospace investments from 2020 till 2025. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.
The aerospace industry in Mexico is anticipated to grow at a CAGR of more than 5% during the forecast period.
The Mexico Aerospace market is highly competitive and consists of a number of major players. Companies like Airbus SE, The Boeing Company, Gulfstream Aerospace Corporation, Bombardier Inc., Safran, DAHER, Honeywell International Inc., GKN Aerospace, Raytheon Technologies Corporation, GE Aviation, Eaton Corporation, Mexicana MRO Service Amongst Others.
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The aerospace industry in Mexico is highly fragmented due to the presence of several companies in Mexico. Currently, there are no local aircraft OEMs based in Mexico. However, there are several foreign players that manufacture, engineer, and design aircraft parts and components for commercial, military, and general aviation in the country. According to Federacin Mexicana de la Industria Aerospacial or FEMIA, Mexicos aerospace sector grew from 100 manufacturing firms and organizations in 2004 to more than 350 in 2019. Baja California, Queretaro, Sonora, Nuevo Leon, and Chihuahua are the Mexican states that are known for manufacturing in the aerospace sector. Queretaro is home to many companies in Mexico, which includes Bombardier, Safran, Aernnova, Meggitt, ITR, GE, and Airbus among others. With the availability of a skilled workforce comprising mainly of engineers