The Italian aircraft and spacecraft production industry has shown a consistent growth trend from 2013 to 2023, despite a notable decline in 2020 due to external economic challenges. The base value in 2023 stood at €14.77 billion. From 2022 to 2023, the year-on-year increase was 3.09%, indicating a return to more stable growth. The compound annual growth rate (CAGR) over the last five years up to 2023 was 1.28%, reflecting moderate industry expansion. Forecasts suggest continued growth, with a 5-year forecast CAGR of 2.15%, expecting to reach €16.92 billion by 2028, marking an 11.25% overall growth from 2023 levels.
Future trends to watch for:
• Increased demand for next-generation aircraft and spacecraft technologies.
• Rising investments in sustainable and eco-friendly aerospace innovations.
• Potential impacts of global economic shifts and geopolitical factors on production outputs.
• Integration of advanced manufacturing techniques, such as additive manufacturing.
