The number of self-employed people in the air transport sector in the UK showed significant fluctuations from 2013-2023. The value, standing at 2.14 thousand units in 2023, experienced substantial swings year-on-year with notable peaks in 2014 (83.17%) and 2020 (132.98%). However, years like 2015 (-52.37%) and 2021 (-62.82%) saw considerable declines. Over the last two years, 2022 and 2023, the sector saw a drop of 15.86% in 2022 followed by a robust recovery of 54.1% in 2023. The five-year CAGR until 2023 was -5.65%, indicating overall contraction despite intermittent growth.
Future trends to watch for include the relatively stable forecasted values from 2024-2028, maintaining at 2.14 thousand units with a minuscule five-year CAGR of 0.01%. This suggests a plateau, indicating the need for sector-specific strategic interventions to stimulate growth. Factors impacting future trends may include regulatory changes, technological advancements, and shifts in the global air transport industry's dynamics.
