The repair and maintenance hours worked for aircraft and spacecraft in Belgium have shown variability from 2013 to 2023, starting at 1.838 million hours in 2013 and standing at 1.7108 million hours in 2023. The CAGR over the last five years up to 2023 is 0.96%. Significant fluctuations include a notable decline in 2018 (-14.04%) and a post-pandemic recovery phase in 2021 with a 16.28% increase. The projected data from 2024 onwards suggest a steady decline, with the value anticipated to be 1.6148 million hours by 2028, indicating a forecast 5-year CAGR of -0.92%.
Future trends to watch for include:
- The impact of technological advancements on efficiency and automation in repair and maintenance work.
- The influence of global and regional aerospace market dynamics, including potential increases in travel demand post-pandemic.
- Policy changes and environmental regulations that could affect the industry’s operational and maintenance practices.
