From 2013 to 2023, the air transport sector in France exhibited fluctuating production values with significant variations year-on-year. The most notable downturn was in 2020 with a stark drop of 54.65%, attributed to the COVID-19 pandemic. However, the sector rebounded robustly with a 60.97% increase in 2021, followed by a consistent upward trend leading to a 22.18 billion Euros production value in 2023. Despite previous volatility, the five-year CAGR from 2019 to 2023 stands at 1.61%, showing a positive average annual growth.
Looking ahead, forecasts from 2024 to 2028 suggest continued growth, albeit at a more moderate pace, with a projected five-year CAGR of 0.83%. Future production is expected to reach 23.37 billion Euros by 2028, indicating a steady rise in production values.
Future trends to watch for include:
- Technological advancements and their impact on efficiency and costs in air transport.
- Regulatory changes and environmental policies that might affect production and operational capacities.
- The ongoing recovery and growth trajectories post-COVID-19 disruptions.
- Market consolidation and strategic partnerships within the sector.
