The UK Manufacture of Air and Spacecraft and Related Machinery sector is projected to see a steady increase in employment from 2024 to 2028. In 2023, the sector employed approximately 108.72 thousand workers. From 2024 to 2028, the sector is expected to experience a consistent year-on-year growth of about 1% to 1.5%. Over this period, the compound annual growth rate (CAGR) in employment is anticipated to be around 1.2%.
Future trends to watch for include:
- Technological advancements and automation demand affecting workforce needs.
- Impact of global market shifts, such as trade policies or environmental regulations.
- Potential for increased investment in green aviation and space exploration.