In 2023, France led the European aircraft and spacecraft turnover with a robust €127.95 billion, followed by the United Kingdom and Germany with €46.78 billion and €37.73 billion, respectively. Notable rises in turnover were observed in Poland (6.58%), Romania (9.16%), and Serbia (28.98%). Conversely, Greece experienced a significant decline of -13.45%. Smaller markets like Hungary and Croatia displayed growth with 6.98% and 6.13% increases, respectively.
Looking forward, expect significant advancements in aerospace technology, with a strong focus on sustainability and cost-efficiency. The continued innovations and collaborative initiatives among European nations may drive the sector's growth. Additionally, emerging markets within Europe, such as Poland and Romania, are forecasted to play a more substantial role. Monitoring geopolitical influences and economic policies will be vital for future market predictions.
Top countries in Aircraft and Spacecraft Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 127,950 | 2023 | +13.05% | +5.55% | View data |
| 2 | 2 United Kingdom | 46,780 | 2023 | +2.28% | +4.41% | View data |
| 3 | 3 Germany | 37,730 | 2023 | +8.68% | +3.68% | View data |
| 4 | 4 Italy | 13,880 | 2023 | +3.53% | +2.54% | View data |
| 5 | 5 Spain | 11,220 | 2023 | +9.92% | +3.98% | View data |
| 6 | 6 Poland | 3,060 | 2023 | +12.59% | +6.58% | View data |
| 7 | 7 Switzerland | 2,120 | 2023 | +1.82% | +1.74% | View data |
| 8 | 8 Belgium | 2,080 | 2023 | +8.85% | +1.87% | View data |
| 9 | 9 Czech Republic | 1,050 | 2023 | +8.14% | +3.61% | View data |
| 10 | 10 Romania | 557.1 | 2023 | +15.7% | +9.16% | View data |
