The sold production of aircraft and spacecraft and related machinery in Italy has experienced varying trends over the past decade. Starting at 7.9687 Billion Euros in 2013, it saw a notable increase until 2017, peaking at 11.732 Billion Euros. However, the subsequent years showed a decline, reaching a low of 3.6142 Billion Euros in 2021. A recovery began in 2022 with a significant increase of 98.69%, continuing into 2023 at 7.9761 Billion Euros, marking an 11.07% year-on-year growth. The five-year CAGR for 2023 stood at 5.53%.
From 2024 to 2028, the forecasted growth indicates a steady increase in production value, expected to reach 9.1346 Billion Euros by 2028. The forecasted 5-year CAGR is projected at 2.15%, resulting in an overall growth rate of 11.23% over five years.
Future trends to watch for include advancements in aerospace technologies, increased demand for spacecraft, and potential policy changes affecting the aerospace sector in Europe. Monitoring these trends will be critical for forecasting production values accurately and identifying growth opportunities.
