The employment trend in Italy's Aircraft and Spacecraft sector has shown steady growth from 2013 to 2023, with the number of employees rising from 30.43 thousand in 2013 to 50.76 thousand in 2023. This represents a Compound Annual Growth Rate (CAGR) of 2.14% over the last five years. Year-on-year growth has mostly remained positive, albeit modest, with an increase of 1.85% in 2023. The market experienced substantial growth between 2013 and 2019, though growth rates slightly tempered from 2020 onwards.
Looking forward, the forecast indicates continued growth in employment numbers, reaching 55.23 thousand by 2028, with a forecast 5-year CAGR of 1.34%. This suggests a moderately optimistic outlook, though at a slightly slower rate compared to previous years.
Key future trends to watch for include technological advancements in aerospace, new market entrants, potential government policies affecting the sector, and the broader economic climate impacting manufacturing and employment within the industry.
