Mexico Aviation Market Report and Forecast 2025-2034

Mexico Aviation Market Outlook

The Mexico aviation market size was valued at USD 7.96 billion in 2024. The market is further projected to grow at a CAGR of 4.6% between 2025 and 2034, reaching a value of USD 11.85 billion by 2034.

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 2025-2034 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