The aircraft and spacecraft sector in Germany has experienced considerable fluctuations over the last decade. Between 2013 and 2019, turnover generally increased with some significant jumps, such as a nearly 19% rise in 2017. However, the industry faced a substantial downturn in 2020 due to global disruptions, causing a significant year-on-year decline of over 21%. From 2021 onwards, the industry rebounded strongly, culminating in a turnover of €37.73 billion in 2023, representing an 8.68% increase from the previous year. The compound annual growth rate (CAGR) from 2018 to 2023 stands at 3.68%.
Looking ahead, the forecast indicates steady growth, with the turnover expected to reach €44.82 billion by 2028. The forecasted CAGR over the next five years is 2.73%, translating to a total growth of 14.42% from 2023 to 2028.
Future trends to watch for:
- Technological advancements in aircraft and spacecraft manufacturing.
- Sustainability initiatives impacting production processes and materials.
- Geopolitical and economic factors influencing market demand and supply chains.
- Potential impacts of regulatory changes on the aerospace industry.
- Emergence of new market entrants and increased competition.
