Based on the forecast data, the number of persons employed in the weapons and ammunition sector in Spain is expected to rise from 2.64 thousand employees in 2024 to 2.93 thousand employees in 2028. This represents a steady growth pattern, with an approximate year-on-year percentage increase of roughly 2.84%. From 2023 to 2024, the employment figures remained stable, indicative of a consistent sector performance even before significant projected growth. Furthermore, the Compound Annual Growth Rate (CAGR) for the period 2024-2028 is around 2.64%, indicating moderate yet consistent expansion in employment within the industry over these five years.
Future trends to watch for include potential impacts of technological advancements in manufacturing, geopolitical developments influencing defence budgets, and shifts in international arms trade regulations. These factors could directly affect employment patterns within the sector.
