The value added of air and spacecraft and related machinery in Sweden has shown varied trends from 2013 to 2023. The value stood at 18.85 billion Swedish Kronas in 2023, with an overall increase from 12.98 billion in 2013. Year-on-year variations exhibit significant fluctuations, with the greatest increases seen in 2013 (67.15%) and large decreases in 2018 (-19.71%). The compounded annual growth rate (CAGR) over the past five years stands at 6.01%, indicating a more modest but steadily positive growth. Future projections up to 2028 forecast a CAGR of 1.9%, reflecting moderate growth with a forecasted value of 21.27 billion in 2028.
Trends to watch for:
The industry's future trends to observe include advancements in aerospace technology, global market dynamics, and national policy changes affecting innovation and investments. Sustainability and environmental regulations will also play a pivotal role in shaping the growth trajectory of this sector.
