From 2013 to 2023, the sold production of avionics in Germany displayed a fluctuating trend. Observing values from 2013 to 2023, the production peaked in 2019 at 18.38 thousand items before experiencing a steady decline, standing at 17.09 thousand items in 2023. The variations reveal multiple phases of growth and decline, with the highest year-on-year increase in 2017 at 12.49% and a notable decrease in 2020 at -8.19%. The compound annual growth rate (CAGR) over the past five years shows slight oscillations, ending at -0.24% in 2023.
Future trends suggest a downward trajectory for avionics production in Germany, with forecasts indicating a noticeable CAGR of -1.8% from 2024 to 2028. By 2028, the production is projected to decline further to 15.27 thousand items, representing an overall reduction of 8.69% over the next five years.
Trends to watch for include:
- Technological innovations in avionics that may shift production demands.
- Economic factors influencing the aerospace industry, including supply chain disruptions or advancements.
- Regulatory changes or new policies impacting avionics production.
