Mexico - North America Aerospace Parts Manufacturing Market Size & Outlook
Global Market
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Mexico aerospace parts manufacturing market highlights
- The Mexico aerospace parts manufacturing market generated a revenue of USD 12,683.1 million in 2023 and is expected to reach USD 24,752.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, avionics was the largest revenue generating product in 2023.
- Avionics is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace parts manufacturing market data book summary
| Market revenue in 2023 | USD 12,683.1 million |
| Market revenue in 2030 | USD 24,752.9 million |
| Growth rate | 10.1% (CAGR from 2024 to 2030) |
| Largest segment | Avionics |
| Fastest growing segment | Avionics |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Aircrafts Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components |
| Key market players worldwide | Rolls-Royce Holdings PLC, Safran SA, Woodward Inc, Martinrea International Inc, Eaton Corp PLC, Lockheed Martin Corp, GE Aerospace, MTU Aero Engines AG, RTX Corp, Honeywell International Inc, Mitsubishi Electric Corp, Kawasaki Heavy Industries Ltd, Subaru Corp, IHI Corp, Deutsche Lufthansa AG, Liebherr Group, Hexcel Corp, Ducommun Inc, Rockwell Automation Inc, Spirit AeroSystems Holdings Inc Class A, Panasonic Holdings Corp, Thales, Dassault Systemes SE, Parker Hannifin Corp, Basf SE, Airbus SE, Danaher Corp, Triumph Group Inc, Curtiss-Wright Corp, Magellan Aerospace Corp, Bridgestone Corp |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.4% of the global aerospace parts manufacturing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. aerospace parts manufacturing market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 24,752.9 million by 2030.
Aerospace industry in Mexico is rapidly expanding. Aerospace manufacturing is one of the fastest growing sectors in Mexico, owing to its openness, proximity to the U.S. market, and high technically skilled labor resources. Commercial aircraft lodge manufacturing is witnessing an upward trend due to readily available capital, and slight decline in operating costs and increasing profits of airlines.
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Publish Date: Apr 01, 2026
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Aerospace Parts Manufacturing Market Scope
Aerospace Parts Manufacturing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mitsubishi Electric Corp | View profile | 149,134 | Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-8310 | www.mitsubishielectric.com |
| Basf SE | View profile | 111,855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | www.basf.com |
| Bridgestone Corp | View profile | 125,199 | 1-1-3 Kyobashi, Chuo-ku, Tokyo, Japan, 104-8340 | www.bridgestone.co.jp |
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Rockwell Automation Inc | View profile | 29,000 | 1201 South Second Street, Milwaukee, WI, United States, 53204 | www.rockwellautomation.com |
| Honeywell International Inc | View profile | 95,000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | www.honeywell.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| RTX Corp | View profile | 185,000 | 1000 Wilson Boulevard, Arlington, VA, United States, 22209 | www.rtx.com |
| Parker Hannifin Corp | View profile | 62,730 | 6035 Parkland Boulevard, Cleveland, OH, United States, 44124-4141 | www.phstock.com |
Mexico - North America Aerospace Parts Manufacturing Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Aerospace Parts Manufacturing Market Outlook will help companies and investors design strategic landscapes.
Avionics was the largest segment with a revenue share of 30.72% in 2023.
Horizon Databook has segmented the Mexico - North America aerospace parts manufacturing market based on engine, aircrafts manufacturing, cabin interiors, equipment, safety & support, avionics, insulation components covering the revenue growth of each sub-segment from 2018 to 2030.
Aerospace industry in Mexico is rapidly expanding. Aerospace manufacturing is one of the fastest growing sectors in Mexico, owing to its openness, proximity to the U.S. market, and high technically skilled labor resources. Commercial aircraft lodge manufacturing is witnessing an upward trend due to readily available capital, and slight decline in operating costs and increasing profits of airlines.
- Mexico - North America Aerospace Parts Manufacturing Market Product Outlook (Revenue, USD Million , 2018-2030)
- Engine
- Aircrafts Manufacturing
- Cabin Interiors
- Equipment, Safety & Support
- Avionics
- Insulation Components
- Mexico - North America Aerospace Parts Manufacturing Market Aircraft Outlook (Revenue, USD Million , 2018-2030)
- Commercial
- Business
- Military
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Aerospace Parts Manufacturing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Aerospace Parts Manufacturing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Aerospace Parts Manufacturing Market, 2018-2030 (US$M)
Mexico aerospace parts manufacturing market statistics, by product, 2018-2030 (US$M)
