From 2013 to 2023, the number of persons employed in the aircraft and spacecraft sector in Austria grew significantly. Starting at 954 employees in 2013, a steady growth trajectory led to a count of 1890 employees by 2023. The early periods saw modest growth rates but picked up pace from 2015 onwards with year-on-year variation peaking at 14.15% in 2019. In more recent years, the growth stabilized, registering around 3% year-over-year in 2021, 2022, and 2023. The CAGR over the last 5 years (up to 2023) was around 6.82%, showing robust overall growth.
Going forward, forecasted data from 2024 to 2028 suggest a deceleration in growth with an average annual rate (CAGR) of 2.15%, translating to a forecasted growth rate of 11.21% over these years. This anticipated trend indicates that while growth will continue, it may be at a slower and more stable rate compared to the previous decade.
Future trends to watch for include:
- Technological advancements in aircraft and spacecraft manufacturing.
- Increased investments in space exploration and commercial spaceflight.
- Potential impacts of global economic conditions and supply chain constraints.
- New regulations and environmental standards influencing the industry's evolution.
- Emergence of new market players and competitive dynamics.
