Based on the provided data, labour costs in the air and spacecraft and related machinery sector in France are forecasted to rise steadily from €7.81 billion in 2024 to €8.48 billion in 2028. In 2023, labour costs stood at €7.64 billion. The year-on-year increase is consistent, ranging from approximately 2.3% to 2.0% over the forecasted period. The compound annual growth rate (CAGR) over the last five years is estimated at around 2.13%, indicating a steady upward trend. Key drivers may include rising wages, inflation, and increased demand for advanced aerospace technologies.
Trends to watch for:
- Technological advancements and automation may alter labour demands and costs.- The impact of economic policies and trade relations, especially with key aerospace partners.- Potential shifts in global aerospace market dynamics and their influence on the French market.
