Unifor's Aerospace Industry Policy
Unifor
Aerospace Sector
Building for the Next Generation: A Workers’ Strategy for Canada’s Aerospace Industry
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Canada's aerospace industry by the numbers
The civil aircraft market alone is expected to generate $3.9 trillion (USD) of economic activity between now and 2042. Experts predict that the space industry will grow to $1.8 trillion by 2035 as it moves from a niche market to holding a ubiquitous, if often invisible, presence in the lives of Canada’s people. All of this while the global defence industry continues to expand. Canada’s Department of National Defence has committed $73 billion over the next 20 years to defence capabilities and activities that will include aerospace-related equipment.
Canada is in a unique position to benefit from these developments but as the global competitive landscape transforms it must do more to protect its industrial assets and ensure it is well positioned to take advantage of future opportunities.
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In order to fully harness this potential, Canada’s actions must be informed by a dedicated strategic framework that it currently does not have. The country needs a national aerospace industrial strategy that identifies gaps, sets clear and attainable goals, channels resources towards priorities based on key strengths, and fosters collaboration among stakeholders.
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Canada’s aerospace industry ranks 6th in the world.
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Montreal ranks 3rd in the world as an aerospace industrial hub.
