The analysis of the turbojet aviation market in the US indicates a steady growth trend from 2013 to 2023, with the market value increasing from 11.64 thousand to 14.4 thousand. The year-on-year variation shows a gradual decline in growth rate, from a high of 6.23% in 2014 to 1.54% in 2023. Over the last two years, from 2021 to 2023, the year-on-year growth rates were consecutively 1.65% and 1.60%. The compound annual growth rate (CAGR) over the last five years up to 2023 stands at 1.66%, reflecting moderate and consistent annual growth.
Looking ahead, the forecasted data suggests that the turbojet aviation market will continue to grow, reaching 15.43 thousand in 2028. The five-year CAGR from 2024 to 2028 is projected at 1.09%, indicating a relative slowdown in growth compared to the previous period but still positive overall. The forecasted five-year growth rate until 2028 is estimated at 5.58%.
Future trends to watch for include advancements in sustainable aviation technologies, potential regulatory changes, and emerging market entrants focusing on electric or hybrid propulsion systems. Such trends could significantly influence market dynamics and growth trajectories.
