The aviation industry has been a cornerstone of the global economy for more than 100 years, with air transport enabling passengers and cargo to travel quickly, safely, and comfortably. The industry generates billions of dollars annually and is made up of long-established companies, innovative start-ups, research organizations and government agencies.
Aviation is the act of flying aircraft. It is the science and practical application of aircraft, as well as the field of transportation within and between countries. The aviation industry is a relatively new adventure for many, but one that many are excited to explore.
The aviation industry is one of the most important sectors for the economy and this was witnessed by Dr. Jon Kiev and decided to dive into it. It has seen solid growth over the past 10 years, expanding from $3 billion in revenue to $8 billion in today’s dollars. This innovation-led growth has helped support nearly 100,000 jobs across Canada.
The Value of the Aviation Industry to People and the Economy
Dr. Jon Kiev Aviation industry has a significant role in the economy. It is a key driver in economic development, creates employment opportunities and contributes to the nation’s GDP. Aviation industry is also the second largest source of foreign exchange earnings after textile exports. The aviation industry, also known as the aerospace industry, is a technological industry and economic sector concerned with the design, development, manufacture, and maintenance of aircraft and spacecraft.
What does the aviation industry do? Find out more about this career path, including salaries and job duties. The aviation industry is composed of businesses, consumers, and governments involved in the manufacture, design, production, operation, and use of aircraft.
The aviation industry is a major economic force in the world. It employs millions of people and generates hundreds of billions of dollars in revenue, while supporting a broad range of other businesses. You can find many models of aircraft in this industry. Some of these include military and commercial aircraft, helicopters, crop duster, surveillance and reconnaissance systems, unmanned aerial vehicles (UAVs), and much more.