In 2023, the total hours worked in the Air and Spacecraft and Related Machinery sector in the US stood at 987.0 million hours. From 2024 to 2028, forecasts suggest a steady increase in total hours worked from 990.0 to 1000.0 million hours, reflecting modest annual growth rates. The year-on-year variations indicate incremental growth with an average CAGR of approximately 0.26% over these five years, signifying stable yet slow-paced expansion in the industry.
Future trends to watch for include technological advancements and the integration of automation and AI, which could influence labor dynamics. Additionally, global market demands and policies around sustainability in aviation might significantly impact this sector's growth trajectory.
