The repair and maintenance of aircraft and spacecraft hours worked in Austria have experienced fluctuations from 2013 to 2023. In 2023, the value stood at 472.1 thousand hours, marking a 5.28% year-on-year increase, following a 5.63% increase in 2022 and 5.9% in 2021. Over the past two years, the value grew consistently and showed a Compound Annual Growth Rate (CAGR) of 11.9%. The significant slump in 2018 and subsequent recovery denote volatility in the industry. The forecast for 2024-2028 predicts a 3.44% CAGR, with an 18.44% growth rate over the five years, indicating steady growth.
Future trends to watch for include advancements in aerospace technology, increased outsourcing of maintenance activities, and the evolving regulatory environment which might impact labor requirements. These factors could contribute to further industry expansion or adaptation.
