The sold production of aircraft and spacecraft and related machinery in Austria has experienced notable growth from 2013 to 2023, standing at 125.16 million Euros in 2023. Between 2013 and 2023, there were significant year-on-year variations: 2014 saw a 12.84% increase, 2015 with a 31.24% jump, followed by smaller increments and occasional declines. Noteworthy is the 36.65% rise in 2017. The industry faced a slight dip in 2019 and remained relatively stagnant in 2020 but has steadily improved since then, culminating in a 6.31% increase in 2023.
The Compound Annual Growth Rate (CAGR) over the recent five-year period was 2.89%, highlighting a consistent, albeit modest, growth trend. Looking forward to the forecast period through 2028, the market is expected to grow at a 4% CAGR, equating to a cumulative increase of 21.65% from 2024 to 2028.
Future trends to watch for include advancements in technology, shifts in global aerospace demand, and potential impacts from environmental regulations. Additionally, investments in innovation and sustainability will be critical in shaping the industry’s trajectory.
