As of 2023, the actual number of employees in the air and spacecraft and related machinery sector in the US stood at approximately 533,000. The forecast from 2024 to 2028 shows a gradual year-on-year increase. The sector is expected to grow from 535,000 employees in 2024 to 544,000 in 2028. This represents a consistent annual growth rate, indicating a stable expansion trend within this industry.
Year-on-year growth percentages from 2024 to 2028 are minimal, hovering just above 0.3% annually. When considering a five-year compound annual growth rate (CAGR), the industry sees a modest growth, averaging slightly above 0.4% per year over this period.
Future trends to watch include technological advancements in aerospace, increased demand for environmentally sustainable aircraft, and potential impacts of international trade policies which may affect workforce requirements and innovation priorities in this sector.
