Over the last decade, American and European aerospace OEMs and suppliers have sought new destinations that offered competitive labor costs and promising R&D potential. It is now clear that Mexico is their country of choice. Exports from the aerospace industry have grown at an average 20.6 percent annual rate over the past five years. With 300 aerospace companies within its borders, Mexico is 14th on the list of global aerospace suppliers but it intends to crack the top 10 by 2020. 2017 will be a pivotal year for the Mexican aerospace industry as it heads toward that ambitious target. Exports from the industry are forecast to surpass US$7.5 billion, 52,000 total direct jobs are expected and the national content in components is set to reach 30 percent. Although Mexico first rose to prominence as an aerospace investment destination due to its geographical and manufacturing advantages, it is rapidly gaining attention for its R&D and engineering potential.
