The production of air and spacecraft and related machinery in Mexico exhibited a steady increase from 2013 to 2019, peaking at 88.07 billion pesos in 2019. However, there was a significant decline of 12.86% in 2020 amid the pandemic, reducing the value to 76.74 billion pesos. A recovery commenced in 2021, with an increase of 19.78%, reaching 91.92 billion pesos. In 2022, the growth continued at 9.85%, culminating at 100.97 billion pesos. In 2023, the sector stood at 105.1 billion pesos, marking a 4.09% year-on-year increase. The average growth over the past five years was moderate, with a CAGR of 4.46%. Predictions for the 2024-2028 period suggest a gradual annual growth rate of 2.95%, leading to an estimated value of 126.39 billion pesos by 2028, reflecting a 15.64% growth over five years.
Future trends to watch for:
- Advancements in sustainable and green technologies within the aerospace sector.
- Increased investments in defense and space exploration projects.
- Regulatory changes and supply chain adaptations post-COVID-19.
- Potential impacts of global economic fluctuations on production rates.
- Evolving demands for commercial air travel and aircraft maintenance services.
