The value added of air and spacecraft and related machinery in Germany has shown a dynamic pattern from 2013 to 2023, with 2023 standing at 12.7 billion Euros. A significant peak was observed in 2017 with a 33.85% year-on-year increase. However, there was also substantial volatility, such as a notable decline of 19.47% in 2018. The growth trend stabilized from 2020 onward, showing steady but moderate year-on-year increases, averaging 2.48% in 2023. Over the past five years, the compound annual growth rate (CAGR) was 3.83%.
Forecasts from 2024 to 2028 suggest a continued stable growth trajectory, with an average annual increase (5-year CAGR) of 1.7%, and an overall growth rate of 8.78%. Future trends to watch for include technological advancements in the aerospace industry, shifts in global trade policies, and potential economic fluctuations that could impact investment and demand.
