In 2023, the labour cost per employee FTE for repair and maintenance of aircraft and spacecraft in the UK was considerably below the projected 2024 forecast of 66.0 thousand Euros. From 2024 onwards, a consistent increase is noted, with the cost reaching 69.2 thousand Euros by 2028. This represents a compound annual growth rate (CAGR) of approximately 1% over the forecast period. The anticipated year-on-year increment is approximately 1.2%.
Future trends to watch for include:
- Potential impact of technological advancements in the sector, likely influencing labor demands and costs.
- Frequency of global air travel and space exploration missions, which may drive a need for more skilled labor.
- Influence of regulatory changes and environmental policies, as they could affect operational costs and labor requirements.