The turnover of Aircraft and Spacecraft in Spain has shown significant fluctuations from 2013 to 2023. The sector witnessed strong growth, specifically between 2013 and 2017, with annual increases peaking at 26.82% in 2013. However, the trend became more volatile, with a notable decline of 3.92% in 2018 and a dramatic drop of 24.59% in 2020 due to global disruptions. Recovery started post-2020, with an overall CAGR of 3.98% over the last five years. In 2023, the turnover stood at 11.22 Billion Euros, marking a 9.92% year-on-year increase.
Looking forward, the forecast indicates a stable growth trajectory with an anticipated CAGR of 3.01% from 2023 to 2028, culminating in a predicted turnover of 13.57 Billion Euros by 2028. This suggests a gradual but sustained increase in industry performance.
Future trends to watch for include:
- Technological advancements in aircraft and spacecraft design
- Increasing investment in space exploration and satellite development
- Potential disruptions due to geopolitical factors or regulatory changes
- Impact of environmental regulations and push toward sustainable aviation
