GLOBAL AEROSPACE INDUSTRY
The global aerospace industry reached a value of nearly $298 billion in 2020. The market is expected to grow from $298 billion in 2020 to $430.9 billion in 2025 at a rate of 7.7%.
Growth factors include increasing demand for air travel, technological advances, emerging economies, and changing social behavior.
IN MEXICO
Mexico is in the top Five global aerospace foreign investment!
Mexico is a world leader in the aerospace sector. In the last nine years, this sector has grown 17.2% on average per year and moved from tenth to sixth place among the countries that export the most to the aeronautical industry.
There are currently more than 300 companies in the aerospace sector in Mexico. Of these, 80% are manufacturers, while 20% offer design and engineering services, as well as maintenance, repair and operations (MRO).
Aerospace industry in Mexico:
72% in manufacturing
13% in design and research
11% in maintenance and repair
4% other
IN QUERETARO
Querétaro stands out for being home to large aerospace companies. It is estimated that 70% of the aerospace production manufactured in the state is destined for North America, while 21% is sent to Europe.
The main products and services produced in Querétaro are aerostructures, special treatments, machining of complex aerostructure components, landing gear and engines, composite materials, design and engineering, maintenance and repair of aircraft, engines and components, and raw materials, among others.
Aerospace: leading industry in the state of Queretaro
AEROSPACE INDUSTRY IN QUERETARO STATE
KEY FIGURES & FACTS (2020)
80 COMPANIES AND SUPPORT ENTITIES:
0
OEMs
0
TIER 1 & TIER 2
0
MRO
0
SPECIAL PROCESSES
0
RAW MATERIALS
0
GENERAL SERVICES
0
RESEARCH CENTERS
0
ACADEMIC INSTITUTIONS
1
millions USD EXPORT
1
employees
Aerospace Industry in Queretaro State
Products and services
Source: Queretaro
Aerospace Cluster
Aerospace Industry in
Queretaro State
Value Chain
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