The production of air and spacecraft and related machinery in France has experienced significant growth from 2013 to 2023, with a value of €82.64 billion in 2023. Over these years, we saw year-on-year variations and compound annual growth rates (CAGR) ranging from 1.58% to 16.04%, although a notable downturn occurred in 2020. The recovery post-2020 maintained an upward trajectory, reflecting an 8.94% increase in 2022 and a more modest 3.31% in 2023.
Looking forward, the forecasted data from 2024 to 2028 suggest a slower yet steady growth, with a 5-year CAGR of 2.45%, culminating in a projected value of €96.24 billion by 2028. This implied growth rate is 12.86% over the next five years, indicating continued expansion but at a reduced pace compared to the earlier years.
Future trends to watch for include:
- Technological advancements in the aerospace sector
- Increased investment in sustainable and green technologies
- Shift towards more efficient production processes
- Geopolitical and economic factors affecting global supply chains
