Automobile Electronics Manufacturing in Mexico - Industry Market Research Report

On the road: Strong demand for automobiles supported industry performance

Automobile Electronics Manufacturing in Mexico
The Automotive Electronics Manufacturing industry in Mexico primarily produces automotive wiring harnesses, distributors and ignition systems for light vehicles and trucks. Over the five years to 2019, the industry has expanded its operations as a result of increased demand from US automakers, rising levels of foreign direct investment and a decline in the value of the Mexican peso compared with the US dollar. Over the five years to 2024, the Automotive Electronics Manufacturing industry in Mexico is projected to continue growing, albeit at a significantly slower pace relative to the previous five-year period. Declining levels of economic sentiment among consumers and businesses are expected to hamper North American vehicle production, and in turn, revenue growth.This industry comprises establishments primarily engaged in manufacturing electric and electronic equipment for motor vehicles, including components such as generators, distributors, gears and ignition wiring harnesses. Products can be used for aircrafts, ships, automobiles, trucks and trains. This industry excludes establishments that manufacture car alarms, electric motor and generators for electric vehicles and automotive batteries. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.