From 2024 to 2028, the number of weapons and ammunition enterprises in the UK is forecasted to decline annually, starting at 90 in 2024 and decreasing steadily to 81 by 2028. This represents an overall negative compound annual growth rate (CAGR), signaling a consistent contraction in the industry. Year-on-year, the percentage decrease narrows, reflecting a potential stabilization in the rate of decline.
Future trends to watch for include:
- Potential regulatory changes impacting the sector.
- Shifts in defense spending that could influence enterprise numbers.
- Technological advancements driving efficiency might reduce the need for multiple enterprises.