The turnover for the Italian Manufacture of Air and Spacecraft and Related Machinery sector is projected to grow consistently from 2024 to 2028, with a year-on-year increase ranging between 3.2% and 3.3%. In 2023, the sector stood at approximately 13.9 billion euros, indicating a steady upward trajectory. The compound annual growth rate (CAGR) is expected to be around 3.15% over this five-year forecast period, reflecting sustained growth driven by increasing demand and technological advancements.
Future trends to watch include:
- Rising global demand for sustainable and fuel-efficient aerospace technologies.
- The influence of geopolitical factors on international trade and production capabilities.
- The impact of emerging markets accelerating innovation and competitiveness.
- Increased investment in research and development for advanced manufacturing processes.
