The job market for aerospace engineers is considered to be a "boom and bust" market, meaning that it experiences periods of high demand followed by periods of low demand. Currently, the job outlook is positive with an expected growth rate of 3% from 2019-2029, which is about average compared to other occupations.
The demand for aerospace engineers is heavily influenced by the state of the economy, government spending and policies, and the overall health of the aerospace industry. During times of economic downturn or reduced government funding, there is less demand for new aircraft and spacecraft, leading to a decrease in job opportunities for aerospace engineers.
Aerospace engineers typically need a bachelor's degree in aerospace engineering or a related field. They should also have strong analytical, critical thinking, and problem-solving skills, as well as proficiency in computer-aided design (CAD) software.
Some potential benefits of working as an aerospace engineer include the opportunity to work on cutting-edge technology, the potential for high salaries, and the satisfaction of contributing to advancements in the aerospace industry. However, the job can also be high-stress and require long hours, and job stability may be affected by the boom and bust nature of the market.
One way to increase job stability is to diversify skills and knowledge beyond a specific area of aerospace engineering. This can make an engineer more versatile and valuable to employers. Additionally, staying updated on industry developments and networking with professionals can provide opportunities for job growth and stability.