In June 2023, AIAC and Innovation, Science and Economic Development Canada jointly released The State of the Aerospace Industry: 2022 Report, which contains updated data and analytics for the Canadian aerospace industry.
Canada’s Aerospace Industry
All data is from 2022 unless otherwise stated.
- Defence activity represented 17% of total Canadian aerospace revenues in 2020, with Canada’s aerospace defence revenues outperforming the global sector in 2018–2020
- In 2022, the Canadian aerospace industry contributed over $27B in GDP and close to 212,000 jobs to the Canadian economy, an increase of 14,400 jobs from the previous year
- More than 80% of aerospace manufacturing revenues were export oriented in 2022
Global Value Chain
- In 2022, over 60% of exported aerospace manufacturing revenues were supply chain related
- Canada is the only country that ranked in the top 5 across civil flight simulator, engine, and aircraft sub-segments in 2022
- The Canadian aerospace manufacturing industry exported to 196 countries in 2022
- In 2022, the Canadian aerospace manufacturing industry exported close to $18.7B
- A diverse product portfolio and strong participation in global value chains continue to be key features of the Canadian aerospace manufacturing industry
Innovation and Skills
- The Canadian aerospace industry maintained its #1 R&D ranking among all Canadian manufacturing industries in 2022
- Aerospace manufacturing R&D intensity and share of STEM employment were over 2X higher than the manufacturing average
- The aerospace industry invested $683M in R&D in 2022
Sources: Forecast International, 2023; ISED’s economic model estimates based on latest revised data from Statistics Canada (2019–2022), 2023; Teal Group, 2023; ISED’s economic model estimates (GDP in 2012 chained dollars) based on Statistics Canada’s latest (2019) Input-Output multipliers, 2023; ISED estimates based on latest revised data from Statistics Canada (2022) and firm administrative data, 2023; Flight Global Civil Simulator Census (2021) 2023; S&P Global, Global Trade Atlas (2022), 2023.