The turnover in the Aircraft and Spacecraft sector in France has shown significant fluctuations over the past decade. Picking from a modest base in 2013, turnover witnessed double-digit growth in 2014 but soared in 2016. This was followed by minor dips and subsequent rapid recovery reaching a peak in 2019. The Covid-19 pandemic induced a sharp decline in 2020, but the industry rebounded strongly with an impressive year-on-year growth in 2021 and continued recovery through 2022 and 2023. By 2023, turnover stood at 127.95 billion euros. Forecasts project a steady growth with a CAGR of 3.59% over the next five years, reaching 160.61 billion euros by 2028.
Future trends to watch for:
• The potential impact of new aerospace technology developments and greener aircraft.
• Global socio-economic factors that might affect market growth.
• Increasing demand for commercial and cargo aircraft post-pandemic recovery.
• Policies and regulations on carbon emissions driving innovation in industry practices.
