The production volumes of air and spacecraft and related machinery in Mexico have shown considerable growth over the past decade, reaching a value of 89.05 billion Mexican Pesos in 2023. This represents a 3.32% increase from the previous year. Remarkably, the industry has recovered from significant downturns, such as the -13.73% decline in 2020, showing resilience with an 18.7% increase in 2021. Over the past five years, the compound annual growth rate (CAGR) has been maintained at 3.61%. Forecasts predict a steady increase with a 2.46% CAGR over the next five years, reaching 103.75 billion Mexican Pesos by 2028, indicating overall growth of 12.9% from 2023 projections.
Future trends to watch for:
- Continued recovery and growth post-2024.
- Industry adaptation to technological advancements.
- Potential impacts of global trade agreements and policies.
