The Aerospace Industry in Germany (Source: Germany Trade and Invest)

The Aerospace Industry in Germany

The German aerospace industry has enjoyed unprecedented success over the last two decades.

Since the mid-90’s, industry revenues have more than quadrupled – to over EUR 37 billion in 2016. During the same period, the sector has recorded annual average growth of more than seven percent. Employing a workforce of over 108 thousand (of which more than 50 percent are engineers or highly qualified professionals), the aerospace sector spent around 11 percent of 2016 turnover (EUR 4 billion) on R&D – making it one of the country’s most innovative industries.

 

GTAI

Germany Trade & Invest (GTAI) is the economic development agency of the Federal Republic of Germany. GTAI supports German companies in their international business activities and foreign companies looking to locate to Germany. www.gtai.de