Mexico - Radar Apparatus, Radio Navigational Aid Apparatus And Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIn 2023, Mexico's Exports of Radar Apparatus, Radio Navigational Aid Apparatus and Radio Remote Control Apparatus Average $773 Million.
Mexico Radar Apparatus, Radio Navigational Aid Apparatus And Radio Remote Control Apparatus Exports
In 2023, overseas shipments of radar apparatus, radio navigational aid apparatus and radio remote control apparatus decreased by -5.4% to 34M units for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 57%. As a result, the exports attained the peak of 56M units. From 2016 to 2023, the growth of the exports of remained at a lower figure.
In value terms, exports of radar apparatus, radio navigational aid apparatus and radio remote control apparatus fell to $773M (IndexBox estimates) in 2023. In general, exports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2015 with an increase of 30%. As a result, the exports attained the peak of $1.3B. From 2016 to 2023, the growth of the exports of failed to regain momentum.
| COUNTRY | Export Value of Radar Apparatus, Radio Navigational Aid Apparatus And Radio Remote Control Apparatus in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 825 | 988 | 1,270 | 1,127 | 1,194 | 986 | 968 | 648 | 714 | 754 | 761 |
| Canada | 5.8 | 4.1 | 15.5 | 27.3 | 29.8 | 33.8 | 23.3 | 15.7 | 5.7 | 6.0 | 5.0 |
| Others | 45.2 | 10.4 | 18.5 | 26.2 | 35.7 | 112 | 64.4 | 28.7 | 28.0 | 12.6 | 7.1 |
| Total | 876 | 1,002 | 1,304 | 1,180 | 1,259 | 1,132 | 1,055 | 692 | 748 | 773 | 773 |
Exports by Country
the United States (34M units) was the main destination for exports of radar apparatus, radio navigational aid apparatus and radio remote control apparatus from Mexico, with a 98% share of total exports. It was followed by Canada (385K units), with a 1.1% share of total exports.
From 2013 to 2023, the average annual rate of growth in terms of volume to the United States was relatively modest.
In value terms, the United States ($761M) remains the key foreign market for radar apparatus, radio navigational aid apparatus and radio remote control apparatus exports from Mexico, comprising 98% of total exports. The second position in the ranking was held by Canada ($5M), with a 0.7% share of total exports.
From 2013 to 2023, the average annual growth rate of value to the United States was relatively modest.
Exports by Type
Radio remote control apparatus (28M units) was the largest type of radar apparatus, radio navigational aid apparatus and radio remote control apparatus exported from Mexico, accounting for a 83% share of total exports. Moreover, radio remote control apparatus exceeded the volume of the second product type, radar apparatus (4.4M units), sixfold.
From 2013 to 2023, the average annual growth rate of the volume of radio remote control apparatus exports was relatively modest. With regard to the other exported products, the following average annual rates of growth were recorded: radar apparatus (+12.9% per year) and radio navigational aid apparatus (-10.9% per year).
In value terms, radar apparatus, radio navigational aid apparatus and radio remote control apparatus with the largest exports in Mexico were radio remote control apparatus ($382M), radio navigational aid apparatus ($231M) and radar apparatus ($161M).
In terms of the main product categories, radio remote control apparatus, with a CAGR of +2.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.
Export Prices by Country
In 2023, the radar apparatus, radio navigational aid apparatus and radio remote control apparatus price stood at $23 per unit (FOB, Mexico), surging by 5.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 21%. The export price peaked at $28 per unit in 2017; however, from 2018 to 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($23 per unit), while the average price for exports to Canada stood at $13 per unit.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%).
This report provides an in-depth analysis of the radar apparatus market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26512020 - Radar apparatus
- Prodcom 26512050 - Radio navigational aid apparatus (including radio beacons and radio buoys, receivers, radio compasses equipped with multiple aerials or with a directional frame aerial)
- Prodcom 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
