In 2023, the turnover for Aircraft and Spacecraft in Italy stood at 13.88 billion euros. Over the period from 2013 to 2023, the industry showed significant fluctuations, with notable increases such as a 22.77% rise in 2016 and a 17.72% rise in 2021. Conversely, there were slight downturns, particularly in 2020 with a 9.97% decrease, likely attributable to the global pandemic. Despite these fluctuations, the Compound Annual Growth Rate (CAGR) averaged 2.54% over the last five years before 2024. The forecasted turnover is expected to continue its upward trend, reaching 16.18 billion euros by 2028 with a forecasted 5-year CAGR of 2.43%.
Future trends to watch for include:
- Technological advancements in spacecraft and aircraft design.
- Increased investments in sustainable and eco-friendly aviation technologies.
- Changes in global air travel demand and space exploration missions.
