Market Trends of Aerospace Industry In Mexico
The Manufacturing Segment Will Showcase Remarkable Growth During the Forecast Period
Growth in the demand for air travel within the country will lead to significant growth in manufacturing new and technologically advanced aircraft to meet aviation requirements, driving market growth.
The Mexican government actively supports the strategic aerospace manufacturing sector through various measures, including incentives, tax breaks, and subsidies. Initiatives such as the Aerospace Development Programs and the establishment of aerospace clusters aim to foster an environment conducive to increased investment and innovation. The manufacturing segment has experienced rapid expansion by integrating into global aerospace supply chains. Its proximity to the US, the world's largest aerospace market, coupled with an extensive network of trade agreements, streamlines supply chain management.
In June 2024, Diehl Aviation established a new site in Querétaro, Mexico, to better serve its North American clientele, including major players like Airbus and Bombardier. Operations at the facility are slated to commence in mid-2025. Initially, it will generate 30 jobs, with plans to scale up to around 500. The primary focus will be on manufacturing overhead bins for Airbus A220 aircraft. Such developments will drive the segment’s growth in the coming years.
The Maintenance, Repair, and Overhaul Segment is Expected to Dominate the Market During the Forecast Period
Maintenance, repair, and overhaul is a key segment in Mexico. Significant growth in aircraft replacement parts manufacturing, as well as growth in local MRO capabilities, will lead to the market witnessing growth in the future. Furthermore, there has been a significant increase in the number of new aircraft acquisitions by various major airline companies in Mexico, bolstering the demand for advanced aircraft MRO within the country. For instance, in July 2023, Grupo Viva Aerobus SAB of Mexico announced that it had signed a preliminary order to acquire 90 Airbus A321 aircraft to cater to the growing expansion plans of the carrier in both the international and the domestic market.
Recognizing the vital role of a skilled workforce, Mexico focuses on tailored training programs to nurture talent specifically for the aerospace MRO sector. Collaborations between industry and academia ensure a steady supply of proficient technicians and engineers, bolstering the quality and dependability of MRO services. Consequently, Mexico is increasingly becoming the preferred choice for airlines and aerospace firms seeking top-notch maintenance solutions.
As Mexico's aerospace industry burgeons, underscored by the emergence of aerospace clusters and purpose-built MRO facilities, the MRO segment's dominance is further solidified. Substantial investments in cutting-edge infrastructure, from advanced hangars to diagnostic equipment, are boosting the capacity and efficiency of MRO operations. These advancements position Mexico favorably to handle a surge in MRO activities, catering to regional and international airline demands.
