The forecast for sold production of aircraft launching gear in the UK reveals fluctuating trends. Beginning at 615.57 million euros in 2013 and experiencing significant growths and dips, the value stood at 1092.2 million euros in 2023. Over the last two years, there's been a modest year-on-year increase: 7.17% in 2022 and 1.74% in 2023. The Compound Annual Growth Rate (CAGR) averaged 1.98% over the past five years. The data from 2024 onwards is forecasted, indicating a steady but slow growth with a 1.37% forecasted annual rate, culminating in a 7.02% total growth by 2028.
Future trends to watch for:
- Innovation in aircraft technology and increased demand for advanced launching systems.
- Potential geopolitical influences impacting the aerospace sector and production volumes.
- Environmental regulations and shifts towards more sustainable aviation solutions.