The number of employees in the air and spacecraft, as well as related machinery sector in Canada, is expected to grow steadily from 2024 to 2028. The data shows a consistent year-on-year increase in employment, with a growth rate approximately around 1.5% annually. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be around 1.65%. These trends illustrate a stable expansion of the workforce in this sector.
Future trends to watch for include:
- Technological advancements requiring specialized skills which may affect the workforce demand.
- Global market conditions impacting exports and thereby influencing job growth in the sector.
- Government policies and investments in aerospace innovation and sustainability initiatives.