The UK's aircraft and spacecraft production value exhibited significant variability from 2013 to 2023, standing at 45.18 billion Euros in 2023. The industry saw both peaks and troughs, with a notable decline in 2018 and subsequent recovery, achieving a 2.21% year-on-year increase in 2023. The past five-year CAGR sat at 4.22%, reflecting moderate growth. Forecasts predict steady increments, with values expected to reach 50.16 billion Euros by 2028 and an average annual growth (CAGR) of 1.7%.
Trends to watch include technological advancements, sustainability initiatives, and potential shifts in global demand. Monitoring these factors will be essential for future strategic planning.