“Atlantic Canada is the fastest growing region in aerospace manufacturing and MRO”

Industry Sales Chart

PEI Industry Statistics

  • Employ close to 1000 directly and 1350 indirectly
  • 1 of 4 priority sectors for economic development in PEI
  • 2nd largest export sector in PEI
  • Total sales generated from the industry for 2014 – $405.7 M
  • Total provincial GDP generated by sales – $128.5 M
  • Direct and indirect employment – 1,364
  • Direct and indirect labour income – $68.5 M
  • Total taxes generated on PEI – $29.0 M
  • Taxes as a percentage of GDP – 19.5 %

National Statistics

Economic Impact

The Canadian aerospace industry is a strategically important contributor to the Canadian economy in terms of employment, innovation, productivity, R&D, GDP and trade. Among important facts:

  • Made up of over 700 companies of all sizes from coast to coast, the industry is responsible for the employment of more than 172,000 Canadians.1
  • Aerospace contributes $28B of GDP to the Canadian economy annually and reached $25.1B in direct revenues in 2013.
  • 70% of the industry’s activity is dedicated to manufacturing while Maintenance, Repair and Overhaul (MRO) service providers represent 30%.

Canadian Aerospace Activity

  • Canada ranks third in terms of global civil aircraft production activity
  • Canada’s civil aircraft production growth is forecasted to outpace the global market for the 2014-2021 period (22% for Canada versus 11% for the global civil aircraft production)i
  • The Canadian aerospace defence sector represents 25% of the total Canadian defence sector and is responsible for close to 60% of the total R&D investment
  • A very diversified space systems manufacturing sector with close to 50% of the revenues dedicated to commercial and industrial activities
  • Manufacturing Advantage

    Canada’s aerospace industry is a national leader in twenty-first century manufacturing, driving the jobs, innovation and skills of the future. Compared with Canada’s total manufacturing average, the aerospace industry provides:

    • 64% more value-added per employee;2
    • 46% more skilled labour;
    • 28% higher wages;
    • 5 times the R&D intensity;
    • 2.4 times more productive (2007-2012);
    • 2.1 times the export diversity index;
    • 1.9 times the export intensity.

    International Perspective

    When compared with other OECD countries, Canada’s aerospace industry ranked:3

    • No. 1 in terms of productivity
    • No. 1 in terms of strategic importance over total manufacturing4
    • No. 3 in terms of R&D intensity2
    • No. 5 in terms of GDP and revenues

    One of Canada’s largest exporters, the Canadian aerospace industry exports nearly 80% of its products to highly diversified markets and product segments.