Introduction
Mexico’s electronics industry has been a key player in the global electronics economy for decades, thanks to the early adoption of the Maquiladora Program. The industry has evolved from simple assembly operations to leading the way in innovation, cutting-edge design, and higher-end products. In this blog post, we will discuss the growth, key focus areas, and the advantages of the Mexican electronics market for our equipment partners.
Impressive Growth and Industry Highlights
Mexico’s electronics industry continues to demonstrate its potential through impressive statistics:
- Mexico is the world’s largest exporter of flatscreen TVs.
- Annual industry investment stands at approximately $5 billion USD.
- The country manufactures over 20 million TVs per year in Tijuana alone.
- Mexico ranks as the 6th largest producer of electronics globally.
- It is the 2nd largest electronics exporting country to the US.
- 30% of Mexico’s exports consist of electronics.
- Total production for 2020 was $8.5 billion USD.
- Even during the 2020 slowdown, Mexico’s electronics components registered a 7.1% revenue growth, making it the fastest-growing sector in the country.
Electronics Manufacturing Clusters and Key Players
Mexico boasts over 1,100 companies designing and manufacturing electronic devices and components, with primary clusters in Nuevo León (105 companies), Chihuahua (112 companies), Jalisco (118 companies), Mexico City (127 companies), and the leading cluster in Baja California, home to Tijuana and around 200 electronics companies.
Multinational electronics Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) have heavily invested in these clusters, including HP, Samsung, Panasonic, LG, Foxconn, Toshiba, Sony, Siemens, RCA, Compaq, Vizio, Zenith, and Lenovo.
Key Focus Areas of Mexico’s Electronics Industry
The electronics industry in Mexico can be broadly categorized into five manufacturing areas:
- Audio and video
- Computing and office
- Semiconductors
- Communications and medical equipment
- Precision measurement, navigation, control, and optical instruments
Computers, flatscreen TVs, and smartphones are the most manufactured products in Mexico. Over the years, the industry has evolved from low-skill assembly and mass production to a high-mix approach, focusing on smaller batches of higher value-added products.
Mexican Electronics Design and Innovation
Mexico now offers advanced research, design services, and manufacturing of highly sophisticated products, such as semiconductors, LCD panels, microprocessors, chipsets, microelectronics, and printed circuit boards. The country graduates over 100,000 new electronics engineers annually, contributing to its innovation and design capabilities. Since 2008, one in four appliances sold in the US is of Mexican design, even when sold under other OEM brand names.
Opportunities for Equipment Partners in Mexico
The thriving Mexican electronics industry presents significant sales growth opportunities for our assembly production equipment partners. By catering to the increasing demand for sophisticated electronics manufacturing in Mexico, equipment partners can expand their businesses and reach new heights. Our dedicated sales and service teams at Rich Sales International are ready to provide the necessary support and expertise to help our partners successfully penetrate the Mexican electronics market, establishing strong relationships with local manufacturing plants and contributing to the industry’s ongoing growth and success.
Conclusion
Mexico’s electronics industry is a powerhouse in the global electronics economy, providing ample opportunities for our equipment partners to grow and innovate. By leveraging Mexico’s skilled workforce, established manufacturing clusters, and evolving focus areas, equipment partners can unlock new avenues for success. Reach out to Rich Sales International to explore the exciting potential of Mexico’s electronics sector.