Spain's aircraft and spacecraft production value reached €12.23 billion in 2023, showcasing an 8.91% year-on-year increase from 2022. Over the last two years, the production value exhibited robust recovery and growth, with a cumulative increase of approximately 20.66%. The average annual growth rate over the last five years stood at 4.26% CAGR, reflecting steady sectoral expansion post-pandemic.
Looking ahead, the sector is forecasted to grow at a rate of 3.1% CAGR, with the total production value expected to reach €14.87 billion by 2028, representing a cumulative growth rate of 16.47% over the five-year period. Future trends to watch include technological advancements, increased demand for sustainable aviation solutions, and potential new entrants in the space sector that could further propel industry growth.
