The production value of the repair and maintenance of aircraft and spacecraft in Norway stood at 469.1 million euros in 2023. Between 2013 and 2023, the sector saw fluctuating growth rates, with notable increases in 2017 and 2019, and a retraction in 2020 attributed likely to the global pandemic. The recent two years, 2022 and 2023, experienced marginal year-on-year growth rates of 0.5% and 0.49%, respectively. Over the last five years, the sector exhibited an average annual growth rate (CAGR) of 0.68%, indicating a period of modest growth.
Future trends to watch for include:
- Sustainability initiatives and innovations in green technologies within the aerospace industry.
- Potential impacts of geopolitical factors and global supply chain disruptions on the sector.
- Advancements in maintenance technologies, such as predictive maintenance and AI-driven solutions.
