In 2023, the UK had 875 enterprises in the manufacture of air and spacecraft and related machinery sector. From 2024 to 2028, forecasts indicate a consistent upward trend, with enterprises expected to grow annually, from 891 in 2024 to 956 in 2028. The year-on-year growth from 2024 to 2025 is approximately 1.9%, and similar rates are maintained each subsequent year, reflecting stable expansion. The compound annual growth rate (CAGR) over the five-year forecast period stands at around 1.8%.
Future trends to watch include technological advancements, regulatory changes, and shifts in global demand for aerospace products, all of which could impact growth in this sector.
