Aerospace industry poised for growth: report

Aerospace is a growing, highly innovative, research-intensive, highly skilled industry in Canada, and it is set to grow even more rapidly in the next six years as it enters into the lucrative global large jet market. This is according to a new State of the Aerospace Industry report released by the Aerospace Industries Association of Canada (AIAC), in partnership with Industry Canada. The industry encompasses civil and defence activities, including maintenance, repair and overhaul (MRO) as well as the manufacture of space systems, including satellites.

Two-thirds of aerospace revenue today is derived from commercial aircraft and rotorcraft production, and aircraft structure-related activities. Business jets are the main sources of aircraft production revenue. However, Canada is expected to enter the much bigger large jet market in 2015 with the Bombardier CSeries jets. Large jets account for 76 per cent of global aircraft production. Large jet production is forecast to generate “close to 20 per cent” of aircraft production revenue in Canada by 2021.

R&D-aerospace-Canada-manufacturing-aircraft-commercial-MRO-civil-aviation-defence-production-EDIWeekly
Source: Aerospace Industries Association of Canada/Industry Canada

The report says that “leading independent international research firms” rank Canada third in the world in terms of civil aircraft production revenues, and it is expected to grow twice as fast as the global market between now and 2021.

In 2013, there were 172,000 jobs in aerospace, in more than 700 companies, and the industry contributed nearly $28 billion to the Canadian economy. Most of the industry’s activity is manufacturing (70 per cent), the remainder being MRO. The majority of the manufacturing is done in Quebec and Ontario.

It is also one of Canada’s most R&D and export-intensive industries, spending $1.7 billion annually, five times the manufacturing average. More than 50 per cent of those working in aerospace are engineers, researchers, scientists and technicians. Nearly 80 per cent of aerospace products are exported.

Did you miss this?

Other Popular Stories

  • Major job losses predicted on oil spending slump
  • Little certainty about toxicity of BPA in food cans despite new report
  • Corporate profits up 8.8 per cent over last year: Statistics Canada
  • Canadian Governement should do more to have U.S. tarriffs removed say ministers in both Ontario and Quebec
  • Some industry support for new water heater regulations
  • First Electric Car Day held at Queen's Park
  • Research: What is the temperature effect on battery backs in Electric Vehicles: charging up to 3 times longer in coldest temperatures
  • U.S. and Mexico resume talks for NAFTA auto agreement — door open for Canada to return to negotiations
  • World's largest offshore wind turbines would mimic palm trees to withstand winds
  • Natural gas industry outlines challenges, opportunities in Canada
  • Israeli aluminum-air electric car battery to be tested in Montreal
  • Inter Pipeline will spend $2.6 billion to transport bitumen to oil sands projects
  • Bombardier to build MRO facility in China
  • SPACE 1971 vs today: looking back on the anniversary of Apollo 14's landing on the moon; with new landings planned, how much have we advanced?
  • LNG Canada moves ahead with BC project as China and Russia sign huge gas deal
  • LNG activity heating up in BC as Petronas seeks export licence
  • Diesel emissions fallout continues: US. to sue Chrysler Fiat if talks fail
  • Zero-emissions vehicle strategy by 2018 for Canada with major boost to zero emissions infrastructure
  • Pressure Used to Control Properties of Graphene Transistors
  • Regina refinery will reuse all water with GE wastewater technology
Scroll to Top