The aerospace industry exports in Austria reached $1.96 billion in 2023, a year-on-year increase of 9.72%. Over the past two years, the industry showed positive growth with significant year-on-year variations: a rise of 38.73% in 2022 followed by a stable growth in 2023. The 5-year CAGR leading up to 2023 stands at 1.85%, indicating moderate progression.

Future trends to watch for:

Forecasted steady growth in exports with a 5-year CAGR of 2.16% up to 2028.
Continuous improvements in aerospace technologies and potential market expansion into emerging economies.
Possible impacts from global economic conditions, geopolitical factors, and innovations in sustainable technologies.