The production value of the Repair and Maintenance of Aircraft and Spacecraft sector in Spain stood at 621.7 million Euros in 2023. Over the past decade, the industry has seen significant fluctuations: substantial growth periods from 2014-2015 and a sharp decline in 2020 due to external factors, likely the COVID-19 pandemic. However, the sector rebounded in 2021 and 2022, with a year-on-year growth rate of 32.5% and 16.05%, respectively.

The five-year Compound Annual Growth Rate (CAGR) from 2019 to 2023 was 2.64%. The forecasted CAGR for the next five years (2024-2028) is estimated at 0.86%, indicating a slower but still positive growth trajectory.

Future trends to watch for:

Continued recovery post-COVID-19 pandemic and its lasting impacts.
Technological advancements in aircraft and spacecraft maintenance.
Increasing investments in sustainable practices and green technologies within the industry.
Global geopolitical developments influencing defense and aerospace sectors.