From 2013 to 2023, employment in Italy's weapons and ammunition manufacturing sector has been in a consistent decline. The highest recorded employment was in 2013 at 6.07 thousand full-time equivalents (FTEs), and it decreased steadily to 4.64 thousand FTEs in 2023. The year-on-year variations have been negative for most years, with notable declines in 2016 (-15.19%) and moderate declines towards recent years, averaging -1.72% annually over the last five years.
Looking forward from 2024 to 2028, the decline is projected to continue, albeit at a slower pace, with an anticipated average annual decrease (CAGR) of -1.19%. By 2028, the employment is forecasted to reach approximately 4.31 thousand FTEs, representing a cumulative decline of 5.8% over the five-year period.
Future trends to watch for include the impact of automation and technological advancements, which could further reduce labor demand. Additionally, changes in national defense policies and international market dynamics could influence employment trends in this sector.
