In 2023, there were 740 enterprises in the UK engaged in freight air transport and space transport. The forecast for 2024 is 765 enterprises, marking a 3.4% increase from 2023. From 2024 to 2028, the sector is expected to grow annually by approximately 3.3% on a compounded annual growth rate (CAGR) basis, reaching 871 enterprises by 2028. Year-on-year growth remains consistent with each successive year increasing slightly over 3%, reflecting steady expansion.
Future trends to watch include:
- The accelerated growth of commercial space transport ventures.
- Technological advancements in air freight logistics.
- Regulatory changes impacting enterprise operations.