ÌÇÐÄÆƽâ°æ

In 2024, the aerospace and defense sector in Europe employed just more than * people. Over the given period, employment in the industry experienced mainly a stable growth, despite 2021 when the aerospace and defense sector was negatively affected due to the coronavirus pandemic.

Revenue growth and sector breakdown

Alongside the employment growth, the European aerospace and defense industry also saw substantial financial gains. In 2024, the sector recorded its highest revenue of billion euros, continuing a trend of year-on-year growth that was only briefly interrupted by the pandemic in 2020. Civil Aeronautics contributed the largest share of this revenue at billion euros, while the space segment generated **** billion euros. This breakdown highlights the diverse nature of the industry and its various subsectors.

Global context and technological advancements

The European aerospace and defense sector's growth occurs within a dynamic global context. In 2024, there were *** orbital launches worldwide, with the United States leading at *** launches, followed by China with **. The industry has also seen significant developments in small satellite technology. Between 2014 and 2024, China's People's Liberation Army led government operators with *** small satellite launches, while NASA was the top civil government operator with ** launches.