The Value Added of Air and Spacecraft and Related Machinery in France has exhibited a consistent upward trend from 2013 to 2023, starting from €10.71 billion and reaching €18.6 billion by 2023. The year-on-year variation indicates significant growth phases, notably a remarkable 16.45% increase in 2015, countered by some years of milder growth. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 stands at a healthy 3.65%, reflecting steady industry expansion.
Looking ahead, forecast data from 2024 to 2028 suggests continuous, albeit slower, growth. The forecasted five-year CAGR is envisioned at 2.1%, predicting the industry's value to increase by approximately 10.96% over this period, reaching an estimated €21.25 billion by 2028.
Future trends to watch for include:
- Technological advancements and innovation in aerospace materials and manufacturing.
- Shifts in global and European Union defense and space exploration budgets.
- Strategic partnerships and mergers within the aerospace sector that could affect market dynamics.
- The impact of environmental regulations and sustainable practices in aerospace manufacturing.
