Between 2013 and 2023, the Repair and Maintenance of Aircraft and Spacecraft production value in Belgium exhibited significant fluctuations. After achieving rapid growth in 2015 and 2016, there was a notable drop in 2018. The market rebounded strongly in 2019 but faced further decline in 2020. The past two years, 2022 and 2023, saw positive growth, bringing the production value to 361.9 Million Euros in 2023. Over the last five years, the CAGR has been 7.48%, suggesting a moderate recovery and growth rate from previous lows.

Looking forward, the forecast data from 2024 to 2028 indicates a steady but modest growth, with an average CAGR of 0.47% over this period. By 2028, the production value is expected to reach 374 Million Euros, representing a 2.38% growth rate over the forecasted years. This forecasts a gradual stabilization in the value of repair and maintenance services for aircraft and spacecraft in Belgium.

Future trends to watch for include:

Technological advancements in aircraft and spacecraft maintenance.
Potential regulatory changes affecting the industry.
Shifts in demand due to changes in global travel and space exploration activities.