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Switzerland

Introduction to the Swiss aerospace industry

The Swiss Confederation (Switzerland) has a significant role in the aerospace industry. It is due to the sector's predominant position in the country's economy. It encompasses significant contributions to the state's GDP. For example, it has contributed as much as 6% of the GDP in specific periods. Additionally, the business aviation segment has recently generated 15 billion CHF. These include contributions from airports such as Flughafen Zurich. It features an annual added value of 7 billion CHF.

Overview of the Swiss aerospace industry

It includes a high concentration of SMEs. Similarly, it incorporates branches of pre-eminent companies. It includes Fortune 500 ones. As a result, the sector employs around 190,000 professionals. They operate in approximately 500 enterprises. Also, the country's aerospace sector incorporates various research institutions and service providers.

Is the sector innovative?

The segment focuses on the production of highly innovative original equipment products. It is especially true for four subdivisions of the country's aerospace industry. These include the civil and military aerospace segments. They also incorporate the business aviation segments. Likewise, the maintenance, repair, and organization segment is part of it. The country's annual industry-related trade expos present such innovative wars. These attract tens of thousands of participants to diverse cities. It includes Geneva.