Germany's Aircraft and Spacecraft sector is forecasted to witness steady growth in hours worked from 2024 to 2028, starting at 122.09 million hours in 2024 and reaching 127.36 million hours by 2028. This represents a consistent year-on-year growth, reflective of a gradual but steady increase in industry activity. Compared to 2023, where the actual recorded value was lower, the sector shows a positive trend.
Year-on-year variations indicate the industry recovering and growing at an average Compounded Annual Growth Rate (CAGR) over the last five years. The trends suggest resilience and gradual increase in labor hours worked within the sector.
Future trends to watch for include technological advancements in both aircraft and spacecraft manufacturing, potential sectoral shifts due to policy changes, and the impact of global market demands on Germany's contribution to the aerospace industry. Keeping an eye on the evolution of workforce skills and automation in the industry will also be critical for understanding future labor requirements.
