From 2013 to 2023, the value added of air and spacecraft and related machinery in Mexico saw steady growth, increasing from 15.08 billion MXN in 2013 to 36.66 billion MXN in 2023. This represents a total growth of approximately 143%. Over the last two years, the sector experienced moderate year-on-year growth rates of 4.48% in 2022 and 4.2% in 2023. The average annual growth rate (CAGR) over the last five years stood at 4.26%, indicating a steady but slowing expansion compared to the decade before.

Future trends to watch for:

The forecasted CAGR of 2.74% from 2024 to 2028 suggests continued but slower growth compared to the past decade.
Technological advancements in the aerospace sector and potential increases in international demand could influence growth positively.
Potential policy changes related to trade and manufacturing within Mexico could either impede or accelerate growth rates.