In 2023, the number of enterprises in the UK's passenger air transport sector stood at 425. The forecast data from 2024 to 2028 demonstrates a consistent year-on-year decline, with the number of enterprises reducing by approximately 2-3% annually. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates a downward trend, averaging about 2.6% reduction per year in this period.
Key future trends to watch for include:
- Potential consolidation in the sector, where smaller enterprises may merge with larger firms to sustain operations.- Impact of stricter environmental regulations and evolving consumer preferences on enterprise sustainability.- Technological advancements that could lead to efficiency gains and influence the number of market players.