The sales of aircraft parts and auxiliary equipment in the US have shown a fluctuating trend with overall growth over the past decade. In 2023, the sales stood at 38.624 billion USD. The year-on-year growth from 2022 to 2023 was 1.88%, which marked a slight slowdown compared to the previous year's 7.32% increase. Over the recent 5-year span, the compound annual growth rate (CAGR) was 2.04%.
Key variations:
- 2022: 7.32% increase
- 2023: 1.88% increase
- CAGR (2018-2023): 2.04%
Forecasts predict a steady rise in sales, reaching 42.236 billion USD by 2028. This represents a forecasted CAGR of 1.46% over the next five years, showing moderate growth expectations and a total increase of 7.54% from 2024 to 2028.
Future trends to watch include advancements in aircraft technology, potential supply chain disruptions, and regulatory changes impacting the aerospace sector. Emerging market demands and innovations in sustainability could also play vital roles in shaping the market trajectory.
