In 2023, employment in the German aerospace manufacturing sector was reported at 88.7 thousand full-time equivalents. The forecast from 2024 to 2028 shows a steady annual increase, with employment expected to rise from 89.56 thousand in 2024 to 93.43 thousand in 2028. This reflects a year-on-year growth of roughly 1-1.1% during the forecasted period. The compound annual growth rate (CAGR) over the five-year span is estimated at around 1.04%, which suggests a stable upward trend, indicative of the industry's resilience and capacity for growth.
Future trends to watch for include:
- The impact of technological advancements and automation on job demand.
- The influence of environmental regulations and the shift towards sustainable aviation on employment needs.
- Potential geopolitical factors affecting international trade and employment.
- Developments in alternative aircraft propulsion systems and their manufacturing implications.