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France

Introduction of the French aerospace industry

The French Republic (France) is one of the leading markets in the aerospace industry. It is a country with a diverse and well-developed aerospace sector. It includes the development and production of various segments. These include civil passenger aircraft, defence vehicles and avionics. Helicopters and other aerospace goods are also included. The wares are the result of 210,000 specialists, resulting in turnovers of €70.2 billion. It also results in trade contributions totalling €23.5 billion.

Overview of the French aerospace industry

It is because the country attaching significant importance to the sector. For instance, the country’s government frequently provides investment funds for the industry. For example, it annually invests 300 million EUR to promote the sector's sustainability. The country has also designated a notable area for the sector's development. It is the Aerospace Valley. It is one of the country's leading aerospace industrial areas. It includes engineering companies and research centres located in Occitanie and Nouvelle-Aquitaine. These form a significant part of the more than 1,000 aerospace companies in the country. Among them are several outstanding companies, including Fortune 500 enterprises. Likewise, the country has time-honoured links with the global industry.

Is the sector innovative?

It includes the development of various innovations around 1905. As a result, the segment is one of the country’s major contributors. For example, during a biannual trade exhibition, 150 billion USD was generated. It was due to the hundreds of thousands of participants who attended the event. Among them were many members of the global industry who conducted high-value deals.