The aeronautical industry is one of the EU's key high-tech sectors in the global market. The industry directly employs 500 000 people in high quality jobs (1 million adding indirect jobs) and consists of an ecosystem of large and small companies covering the entire spectrum of aeronautics. (Source: ASD Facts and Figures)
The EU aeronautical industry is a technological leader in its field and currently has a market share of about one third of the global market. The industry provides a positive contribution to the EU trade balance (EUR 46 billion in EU exports). (Source: ASD Facts and Figures)
This leadership should not be taken for granted since the industry faces many challenges.