Aircraft, Engine & Parts Manufacturing in the UK - Market Research Report (2014-2029)

Experiencing turbulence: Existing orders for aircraft parts are elevating revenue in 2022-23

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The Aircraft, Engine and Parts Manufacturing industry revenue is forecast to fall at a compound annual rate of 3.4% to £34.5 billion over the five years through 2022-23, including an estimated revenue growth of 3.5% in the current year aided by orders of 250 Airbus aircraft from Air India. The UK industry is the second-largest in the world after that of the US. It's a major source of investment, research and development, and is particularly renowned for the production and assembly of aircraft wings and manufacture of aircraft engines. Orders for aircraft and aircraft equipment are typically placed years in advance, meaning deliveries continue even in periods of economic uncertainty.

Businesses in this industry manufacture complete aircraft and spacecraft, engines, propulsion units and other related equipment and parts, including military and civil aircraft and guided missiles.