The production of computer, electronic, and optical products in Mexico has experienced noteworthy volatility and growth over the last decade. Starting from 965.57 billion Mexican Pesos in 2013, the industry demonstrated consistent growth until 2019, with a significant slump in 2020 due to a decline of over 14%. This was followed by a robust recovery in 2021 with a 24.52% increase. By 2023, the production value had reached 1952.3 billion Mexican Pesos, showcasing a steady upward trend.
From 2022 to 2023, the year-on-year variation was 3.02%, highlighting a stabilization phase after the previous year's significant growth. The compound annual growth rate (CAGR) for the last five years stands at 3.21%, indicating moderate but consistent expansion.
Future trends to watch:
- Continued moderate growth in the industry, reflected by a forecasted 5-year CAGR of 2.24% up to 2028.
- Potential impact of technological advancements and digital transformation initiatives.
- Influences of global economic conditions and supply chain dynamism.
Looking forward, the market is projected to reach 2251.2 billion Mexican Pesos by 2028, driven by continuous technological innovations and increased demand for electronic products. Stakeholders should focus on adaptability to market shifts and investments in next-gen manufacturing technologies to sustain and enhance this growth trajectory.
