The aircraft and spacecraft production value in Germany has shown fluctuating growth rates from 2013 to 2023. Starting from 24.19 billion euros in 2013, the value increased to 37.69 billion euros in 2023. The CAGR over the last five years leading up to 2023 was 3.87%, indicating stable growth. Notably, there were significant decreases in 2018 and 2020 but recovery periods followed each decline. The COVID-19 pandemic impacted the industry, visible in the 3.1% decline in 2020, followed by a recovery of 2.71% in 2021 and a stronger 7.98% increase in 2022.
Looking towards the future, the forecasted production value from 2024 to 2028 is expected to continue growing, albeit at a slower pace with a forecasted 5-year CAGR of 1.88%. This future trend implies a steady, albeit moderate, increase, reaching 42.33 billion euros by 2028.
Future trends to watch include the introduction of new aircraft technology, the potential resurgence of the commercial aviation market post-pandemic, advancements in space exploration, and Germany's strategic investments in aerospace innovation. Monitoring supply chain disruptions and global economic conditions will be essential for predicting future industry performance.
