The number of persons employed in the aircraft and spacecraft industry in Belgium has shown a varied trend from 2013 to 2023. In 2023, employment stood at 5.47 thousand employees. This year marked an increase of 0.48% compared to the previous year, continuing a pattern of modest growth observed over the last two years. The Compound Annual Growth Rate (CAGR) over the last five years stood at -1%, reflecting some fluctuations including a significant drop in 2019 and a recovery phase thereafter.
Looking ahead, employment in this sector is forecasted to grow gradually, with a CAGR of 0.37% over the next five years, projecting employment to reach 5.6 thousand by 2028. The forecasted five-year growth rate is 1.87% suggesting a positive yet cautious optimism for gradual recovery and growth in the sector.
Future trends to watch for include advancements in aerospace technology, increased demand for sustainable aviation solutions, and the potential impact of geopolitical factors on the global aerospace supply chain, which could influence employment numbers.
