The import of aircraft launching gear and flight simulators into Canada saw significant growth from 2013 to 2023. Starting at $92.49 million in 2013, the values fluctuated, both declining and increasing in different years, with notable growth rates in certain periods. By 2023, the import value stood at $225.3 million. Over the last two years, year-on-year variations were 9.79% for 2022 and 4.04% for 2023. The compound annual growth rate (CAGR) over the last 5 years was 5.63%.
Forecasts indicate a continued upward trend in imports, expecting to reach $270.39 million by 2028. The forecasted 5-year CAGR is 2.92%, suggesting a stable but moderate growth. Key future trends to watch include technological advancements in aerospace and changes in defense spending, which may affect the demand for such equipment.
