Pro
Technology & Electronics
Mexico System on Module Market, By Application
| Label | Industrial Automation | Medical | Entertainment | Transportation | Test & Measurement | Others |
|---|---|---|---|---|---|---|
| 2018 | 18.5 USD Mn | 10.1 USD Mn | 6.4 USD Mn | 3.7 USD Mn | 2.9 USD Mn | 0.6 USD Mn |
| 2019 | 20.8 USD Mn | 11.3 USD Mn | 7.1 USD Mn | 4 USD Mn | 3.2 USD Mn | 0.7 USD Mn |
| 2020 | 21.3 USD Mn | 11.5 USD Mn | 7.1 USD Mn | 3.9 USD Mn | 3.2 USD Mn | 0.7 USD Mn |
| 2021 | 21.9 USD Mn | 11.8 USD Mn | 7.2 USD Mn | 3.8 USD Mn | 3.2 USD Mn | 0.7 USD Mn |
| 2022 | 22.9 USD Mn | 12.3 USD Mn | 7.4 USD Mn | 3.8 USD Mn | 3.3 USD Mn | 0.7 USD Mn |
| 2023 | 24.3 USD Mn | 13 USD Mn | 7.7 USD Mn | 3.9 USD Mn | 3.4 USD Mn | 0.7 USD Mn |
| 2024 | 26.4 USD Mn | 14 USD Mn | 8.2 USD Mn | 4.1 USD Mn | 3.6 USD Mn | 0.7 USD Mn |
| 2025 | 29.2 USD Mn | 15.4 USD Mn | 8.9 USD Mn | 4.3 USD Mn | 3.9 USD Mn | 0.7 USD Mn |
| 2026 | 32.8 USD Mn | 17.2 USD Mn | 9.7 USD Mn | 4.6 USD Mn | 4.1 USD Mn | 0.7 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Industrial Automation is the biggest of 6 groups as of 2026, at 32.80M USD (47% of the combined total).
Next is Medical, at 17.20M USD — 48% behind Industrial Automation.
Industrial Automation climbs from 18.50M USD (2018) to 32.80M USD (2026), a 77% gain.
Medical grows to 17.20M USD by 2026, from 10.10M USD in 2018 — 70% up.
Entertainment: 6.40M USD in 2018 to 9.70M USD by 2026, up 52%.
Transportation: up 24% over the period, 3.70M USD to 4.60M USD.
Test & Measurement: 2.90M USD to 4.10M USD, 41% higher by 2026.
Others: 600.00K USD to 700.00K USD, 17% higher by 2026.
Add every series together and the total reaches 69.10M USD by 2026, 64% above the 2018 combined figure of 42.20M USD.
Reading This As A Comparison
This chart compares 6 series side by side, not one trend over time. Read them against each other — the biggest number in the room is not automatically the most important line to follow.
Size and growth rate are two different questions here — a series can be small in absolute terms and still be growing the fastest of the group. Check both before drawing a conclusion.
Treat these values as a directional estimate of the Mexico System on Module market. They are most useful for comparing segments and regions against each other, and for spotting where demand is expected to build fastest.
This is a market research forecast, not an official statistic. Values after the 2018 base year are modeled projections to 2026, based on supply-side and demand-side analysis, and are updated when market conditions change.
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Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.