The Japanese aerospace industry turnover in 2013 amounted to 1,699 billion yen, up 13.3% from last year’s 1,500 billion yen. The breakdown of the turnover is 1,417 billion yen for the aircraft sector and 282 billion yen for the space sector.
The value of production of Japan’s aerospace is centralized in providing aircraft components for commercial aircraft produced for overseas customers and defense aircraft. In this several years, the value of defense aircraft production is slightly growing, linking with Japanese Defense Budget, and the value of commercial aircraft production is increasing, due to the favorable order of Boeing777 and 787.
As a result, overall output has been increased compared with last year. We are expecting the increase of the production value quite certainly, based on the request and effort to raise production rate of Boeing787, and the delivery of P-1 Maritime Patrol Aircraft has started well.
The Japanese aerospace industry turnover is relatively small scale in comparison with that of the U.S. and EU. However, we anticipate that the export of airframes and engines for commercial aircraft will expand and that space-related production will grow.
*Source: Japonese Aerospace Industry 2015 by the Society of Japonese Aerospace Companies