The Italian aircraft and spacecraft maintenance sector saw fluctuating production from 2013 to 2023. The value reached 197.8 million Euros in 2023, showing a minor 0.46% increase from the previous year. The Compound Annual Growth Rate (CAGR) for the last five years until 2023 was -7.32%, reflecting a general decline. Overall, 2020 marked a severe decline of -23.17%, mainly due to the pandemic's impact. Forecasts suggest the downturn will continue, with the production value expected to drop steadily to 156.9 million Euros by 2028, evidenced by a -3.68% average annual decrease over the next five years.
Future trends to watch for:
- Increased adoption of advanced technologies and automation in maintenance processes.
- Potential rebound due to growth in air travel and space exploration activities.
- Government initiatives and investments in aerospace could alter long-term forecasts.
