The production of air and spacecraft and related machinery in Sweden has seen significant variations over the past decade. From 2013 to 2019, the industry exhibited a generally upward trend, with a substantial increase in 2015 and 2019. However, 2020 marked a notable downturn, likely due to global disruptions. A rebound occurred in the subsequent years, and by 2023, the production value stood at 38.82 billion Swedish Kronas, a modest 2.37% year-on-year increase.
Looking at the forecast, the production value is expected to grow steadily, reaching 43.41 billion Swedish Kronas by 2028. The forecasted five-year CAGR from 2023 to 2028 is 1.81%, indicating moderate but consistent growth.
Future trends to watch for:
- Innovations in aerospace technology and sustainable practices.
- Potential global economic factors impacting production and demand.
- Strategic government policies and investments in the aerospace sector.
