The Aircraft Manufacturing Industry in the US saw fluctuations from 2013 to 2022, growing from $124.42 billion in 2013 to $146.07 billion in 2022. 2023 marked the industry's gross output at $148.72 billion. The year-on-year variation for 2022 and 2023 stood at 7.25% and 1.81%, respectively. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was 1.96%.
Looking ahead, the forecasted data suggests steady growth in the industry's output, with projections hitting $162.13 billion by 2028, indicating a 5-year CAGR of 1.42% and an overall growth rate of 7.28% from 2024 to 2028.
Future trends to watch for include advancements in sustainable aviation technology, the impact of geopolitical factors on supply chains, and potential shifts due to emerging market voices in aircraft manufacturing. These factors will be pivotal in shaping the industry’s trajectory forward.
