In 2023, the value added of air and spacecraft and related machinery in the US stood at an estimated value of $147.45 billion. The forecasted figures from 2024 to 2028 suggest a steady year-on-year growth, with an increase from $150.29 billion in 2024 to $162.25 billion in 2028. This reflects an average annual growth rate (CAGR) of approximately 2% over the five-year period. The sector showcases resilience and a positive upwards trajectory.
Future trends to watch for include technological advancements, increased investment in sustainable aviation, and potential impacts of regulatory changes. Additionally, military and commercial aerospace demand could significantly influence value dynamics.
