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.
(Click here to read the News Release)
Canada’s Aerospace Industry
All data is from 2022 unless otherwise stated.
Economic Impact
- 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.