State of the Industry

Mexico’s aerospace industry has experienced significant growth in recent years. However, the COVID-19 pandemic created challenges for the industry, including supply chain disruptions and reduced passenger traffic. Despite these challenges, Mexico’s aerospace industry remains a vital contributor to the country’s economy.

One of the major challenges the industry faces is the disruption of global supply chains. Many companies have struggled to obtain critical components, leading to delays in production and increased costs.

While the pandemic led to a significant decline in passenger traffic that hurt the bottom line of planemakers, many countries have lifted travel restrictions, allowing airlines to fly again and resume their orders for new aircraft. Thus, demand is expected to pick up again for the aerospace industry but companies are also looking to optimize their supply chain to avoid further disruptions. This shift is leading companies to manufacture closer to their main markets, putting Mexico in an advantageous position.

In this chapter, front-runners of the most influential organizations in the sector analyze the changes affecting the aviation and aerospace industries and their short, middle and longterm effects. This chapter looks at the role that OEMs, suppliers and the government will play in transforming Mexico into a powerhouse.