The passenger air transport sector in Germany witnessed fluctuating production values from 2013 to 2023, reaching 17.61 billion euros in 2023. Significant variability is seen, particularly with a drastic reduction in 2020 due to the pandemic. Recovery is evident with a 13.27% year-on-year increase in 2023. The last two years show noticeable recovery, and the last five years present a modest CAGR of 1.1%, signifying steady recovery trends.
Future trends suggest continued modest growth with a forecasted 0.43% CAGR over the next five years, and an overall growth rate of 2.15% by 2028. Long-term stability in the sector is anticipated, though external factors and technological advancements should be closely watched.
**Future Trends to Watch For:**
- Technological advancements in aircraft efficiency
- Sustainability and eco-friendly initiatives
- Fluctuations in global oil prices
- Potential economic disruptions or geopolitical tensions