ADS’ midpoint 2024 Industry Outlook survey reveals a buoyant and positive mood among the aerospace, defence, security and space industries.
When asked about their expectations for their business turnover, 80% of respondents to the trade association’s survey expect their turnover to increase in 2024 compared to 2023. Ten per cent expect turnover to remain the same, while the remainder are concerned about a decrease.
This is compared to a similar in-year check in by ADS in 2023, where just 60% of respondents reported positive expectations of business turnover increasing.
ADS asked businesses about their intentions for 2024 compared to 2023, revealing that almost three quarters (72%) of respondents intend to increase investment.
Comparatively, in 2023, respondents showed reduced appetite for in-year investment, at just 50% of respondents planning an increase.
As part of the 2024 mid-year survey, ADS asked where respondents had already made or were planning to make their investments. Investment in recruitment and investment in digital technology / IT and Cyber security ranked the highest, each securing 25% of responses.
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