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Mexico Aviation Market Size, Share, Growth, Analysis, Trends: By Type: Commercial Aviation, General Aviation, Military Aviation; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Mexico Aviation Market Outlook
The Mexico aviation market size was valued at USD 7.96 billion in 2023. The market is further projected to grow at a CAGR of 4.6% between 2024 and 2032, reaching a value of USD 11.85 billion by 2032.
Key Takeaways
- In terms of aviation, Mexico had 14.64 million domestic passengers in the first quarter of 2023, led by Volaris with 6.02 million passengers, followed by Viva Aerobus with 4.3 million and Aeromexico with 4.03 million.
- The total number of passengers carried in Mexico, including both domestic and international, was 29.03 million in the first quarter of 2023, representing a 24% increase compared to the same period in 2022.
- The Mexico aviation market growth has been rapid due to the expansion of low-cost carriers, the approval of the Delta-Aeromexico partnership, increased use of Mexico as a regional hub, and the conclusion of the U.S.-Mexico Bilateral Air Transport Agreement.
- As per industry reports, Mexico City's primary airport, designed for 32 million passengers per year, handled almost 48 million in 2018, 50% more than its design capacity.
Mexico's commercial aviation sector is a vital component of the country's transportation infrastructure, with freighter aircraft playing a crucial role in transporting goods both domestically and internationally. The market for passenger aircraft in Mexico is also substantial, with a total of 112,660.31 thousand available seats in 2021. Key players in the industry, such as Volaris, VivaAerobus, and Grupo Aeromexico, carried a combined total of 54 million passengers in the same year.
The recovery of Mexico's Category 1 safety status by the Federal Aviation Administration (FAA) has opened new opportunities for Mexican airlines to expand their networks, particularly in the United States. This has led to the announcement of over 25 new routes from Mexican airports to the United States, highlighting Mexico aviation market development.
The Latin America and Caribbean region's increasing demand for air travel, both passenger and freight, is another driving factor in Mexico's aviation industry. According to the International Civil Aviation Organisation's (ICAO) long-term traffic forecasts, total passenger traffic in the region is expected to grow by around 3.8% annually up to 2045, while freight traffic is projected to grow 1.6% annually for the same period. This growth is expected to contribute significantly to economic output and job creation in the region, with an estimated 11 million jobs and a USD 353 billion contribution to GDP by 2036.
Mexico's general aviation sector also plays a critical role in the country's transportation infrastructure. Helicopters are widely used for various purposes, including transportation and emergency services, while piston fixed-wing aircraft are commonly used for training and recreational flying. Mexico's military aviation, including combat aircraft are essential for national defence and security, while non-combat aircraft are used for non-combat purposes within the military, such as transport and surveillance.
Market Segmentation
Mexico Aviation Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Commercial Aviation
- Freighter Aircraft
- Passenger Aircraft
- General Aviation
- Helicopter
- Business Jets
- Piston Fixed-Wing Aircraft
- Turboprop Aircraft
- Military Aviation
- Combat Aircraft
- Non-combat Aircraft
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajío
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Competitive Landscape
Market players are focused on providing low-cost carriers across aviation industry to stay ahead in the competition.
- Airbus SE
- Dassault Aviation SA
- Lockheed Martin Corporation.
- Bombardier Inc.
- The Boeing Company
- Cirrus Design Corporation (Cirrus Aircraft)
- Pilatus Aircraft Ltd.
- Diamond Aircraft Industries GmbH
- Piper Aircraft, Inc.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Aviation Market Overview
8.1 Key Industry Highlights
8.2 Latin America Aviation Historical Market (2018-2023)
8.3 Latin America Aviation Market Forecast (2024-2032)
9 Mexico Aviation Market Overview
9.1 Key Industry Highlights
9.2 Mexico Aviation Historical Market (2018-2023)
9.3 Mexico Aviation Market Forecast (2024-2032)
10 Mexico Aviation Market by Type
10.1 Commercial Aviation
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Freighter Aircraft
10.1.3.2 Passenger Aircraft
10.2 General Aviation
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Helicopter
10.2.3.2 Business Jets
10.2.3.3 Piston Fixed-Wing Aircraft
10.2.3.4 Turboprop Aircraft
10.3 Military Aviation
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Combat Aircraft
10.3.3.2 Non-combat Aircraft
11 Mexico Aviation Market by Region
11.1 Baja California
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Northern Mexico
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 The Bajío
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Central Mexico
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Pacific Coast
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Yucatan Peninsula
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Airbus SE
13.2.1.1 Company Overview
13.2.1.2 Type Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Dassault Aviation SA
13.2.2.1 Company Overview
13.2.2.2 Type Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Lockheed Martin Corporation.
13.2.3.1 Company Overview
13.2.3.2 Type Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Bombardier Inc.
13.2.4.1 Company Overview
13.2.4.2 Type Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 The Boeing Company
13.2.5.1 Company Overview
13.2.5.2 Type Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Cirrus Design Corporation (Cirrus Aircraft)
13.2.6.1 Company Overview
13.2.6.2 Type Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Pilatus Aircraft Ltd.
13.2.7.1 Company Overview
13.2.7.2 Type Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Diamond Aircraft Industries GmbH
13.2.8.1 Company Overview
13.2.8.2 Type Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Piper Aircraft, Inc.
13.2.9.1 Company Overview
13.2.9.2 Type Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Aviation Market: Key Industry Highlights, 2018 and 2032
2. Mexico Aviation Market: Key Industry Highlights, 2018 and 2032
3. Mexico Aviation Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Mexico Aviation Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Mexico Aviation Historical Market: Breakup by Region (USD Billion), 2018-2023
6. Mexico Aviation Market Forecast: Breakup by Region (USD Billion), 2024-2032
7. Mexico Aviation Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 7.96 billion.
The market is expected to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 11.85 billion by 2032.
The market is being driven due to the growing passenger traffic driven by rising disposable income, improved air connectivity, and competitive airfares.
Key trends aiding the market expansion include rising tourism levels, emergence of low-cost carriers, and expansion and modernisation of airports.
Regions considered in the market are Baja California, Northern Mexico, The Bajío, Central Mexico, Pacific Coast, and Yucatan Peninsula.
Based on type, the market segmentations include commercial aviation (freighter aircraft and passenger aircraft), general aviation (helicopter, business jets, piston fixed-wing aircraft, and turboprop aircraft), and military aviation (combat aircraft and non-combat aircraft).
Key players in the market are Airbus SE, Dassault Aviation SA, Lockheed Martin Corporation, Bombardier Inc, The Boeing Company, Cirrus Design Corporation (Cirrus Aircraft), Pilatus Aircraft Ltd, Diamond Aircraft Industries GmbH, and Piper Aircraft, Inc, among others.
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