The production value of aircraft and spacecraft in France has shown significant fluctuations over the past decade. Starting from €37.46 billion in 2013, the sector experienced notable growth up to €104.71 billion in 2019, driven by a peak in 2016 with a year-on-year increase of 41.71%. The COVID-19 pandemic in 2020 led to a sharp decrease of 34.09%, but recovery efforts saw a resilient bounce-back, reaching €110.81 billion by 2022. In 2023, the value stands at €125.91 billion, with an average annual growth rate (CAGR) over the past five years of 4.78%.
Projections for 2024 to 2028 indicate a continuing upward trend with expected growth reaching €159.83 billion by 2028. The forecasted 5-year CAGR is 3.77%, showing a steady growth rate of 20.33% overall.
Future trends to watch for include technological advancements in aircraft manufacturing, shifts towards sustainable aviation, and potential supply chain disruptions. These factors will significantly impact production values and could alter growth trajectories in the coming years.
