Germany’s aerospace industry has established itself as an influential force across Europe that is marked not only by high-profile achievements, but also a stable growth trajectory. It all started in the 90s, when the country reunified, and since then revenue has skyrocketed surpassing its value four times. The latest numbers from 2022 valued the sector’s revenues at EUR 39 billion, which naturally positioned Germany at the forefront of the entire continent.
Germany falls back on its remarkable manufacturing background to establish itself as a thriving hub for aerospace development. Whether you're in need of equipment, materials, components, engines or complete systems, Germany has the necessary facilities. The aerospace sector's robust manufacturing infrastructure extends to research and development, design, recycling and supply facilities. This comprehensive value chain creates a fertile ground for collaboration and countless business opportunities. In effect, the country has become an enticing prospect for global investors.
Innovation is the cornerstone of Germany's aerospace industry. In 2022, 7% (equivalent to EUR 3 billion) of annual revenue was allocated to research and development, ensuring that the sector remains at the cutting edge of technology. The industry's labor force also continues to expand with over 100,000 professionals. In 2022, experts reported that over 5000 new jobs were created – a clear sign Germany is here to stay as the leader of the pack. Germany is home to over 200 companies and related institutions. With an export rate of 73%, Germany's aerospace industry has cemented its role as an invaluable player on the international stage.
In conclusion, Germany's aerospace industry is not just taking flight; it's soaring to new heights. With a powerful manufacturing base, a relentless pursuit of innovation and impressive growth figures, this sector exemplifies Germany's overall reputation in manufacturing and technologies. The aerospace industry here is not just a regional player; it's a global contender.