The UK aircraft and spacecraft turnover has demonstrated a mixed trend, marked by significant growth from 2013 to 2017 followed by variability. The industry experienced its peak growth of 30.3% in 2016, followed by a corrective phase in 2018 with a -23.71% decline. Turnover rebounded in subsequent years with steady, albeit modest, growth, culminating at EUR 46.78 billion in 2023. The past two years saw growth rates of 2.39% from 2021 to 2022 and 2.28% from 2022 to 2023. Over the last five years, the average annual growth (CAGR) has been 4.41%. Forecasts indicate moderate growth, with the 5-year CAGR expected to be 1.58%, reaching EUR 51.7 billion by 2028, representing an 8.15% total growth.
Future trends to watch include technological advancements in aircraft materials and propulsion systems, the potential impact of regulatory changes on the industry's environmental footprint, and market dynamics influenced by geopolitical factors. Investment in sustainable aviation and increased R&D activities are likely to drive future turnover.