The sold production of aircraft launching gear in Belgium shows a substantial increase from 2013 to 2023. Starting at 106.21 million Euros in 2013, the value has grown to 241.54 million Euros by 2023. Year-on-year variations indicate significant fluctuations, with notable growth rates of 33.43% in 2015 and 37.14% in 2017, contrasted by a notable decline in 2021 of -10.04%. Averaging the annual growth over the last five years, the Compound Annual Growth Rate (CAGR) stabilizes at 0.84% as of 2023.
Looking into the future, the forecasted values from 2024 to 2028 show a steady increase, resulting in a forecasted CAGR of 1.3%. This suggests a moderate growth rate over the next five years, leading to a projected value of 262.06 million Euros in 2028.
Future trends to watch for include:
- Technological advancements driving efficiency and demand.
- Global economic conditions impacting investment in aerospace infrastructure.
- Regulatory changes affecting production capabilities and costs.
- Increasing geopolitical tensions potentially driving demand for military applications of aircraft launching gear.
