In 2023, the number of registered turbojet aeroplanes in Australia stood at 44 units. The data reveals that between 2013 and 2014, there was a significant decrease, with a year-on-year decline of -5.88% and -6.25% respectively. From 2015 onwards, the numbers remained relatively steady around 45 units until 2019, after which there was a slight dip to 44 units. The compound annual growth rate (CAGR) over the past five years has been minimal, averaging -0.45%.
The forecast data indicates that the number of registered turbojet aeroplanes is expected to remain relatively stable but with a slight decline to 43 units by 2028. The projected 5-year CAGR is -0.46%, reflecting a small but consistent downward trend.
Future trends to watch for:
- Potential technological advancements and introductions of more efficient or environmentally friendly aircraft may further impact registrations.
- Economic factors and changes in regulatory policies could influence the market dynamics significantly.
- Developments in the global aerospace industry, including collaborations or mergers between major players, might play a role in shaping future trends.
