The employment in the aircraft and spacecraft sector in Spain has shown a positive growth trend from 2013 to 2023, reaching a value of 27.51 thousand employees in 2023. Year-on-year growth rates reveal a steady increase with a few fluctuations, including a minor decline in 2020. Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) stood at 2.43%.
Looking ahead to the forecasted data from 2024 to 2028, the employment numbers are expected to continue their upward trend, albeit at a slightly slower pace. The CAGR for the forecasted period is predicted to be 1.89%, with an overall growth rate of 9.83% by 2028.
Future trends to watch for include potential impacts from technological advancements, shifts in global demand for aircraft and spacecraft, and possible economic fluctuations. Additionally, the sector may experience changes due to evolving environmental regulations and sustainability initiatives.
