The Aircraft and Spacecraft sector in the UK employed 109.05 thousand persons in 2023. Over the last decade, employment has shown a general upward trend despite year-to-year fluctuations, peaking significantly in 2016 before moderating. From 2014 onwards, the sector experienced marked growth, with a notable spike in 2016 (17.63%) followed by stabilization. In recent years, the employment growth rate has slowed, maintaining a steady 1.04% increase in 2023 with an average CAGR of 1.02% over the past five years.
Future projections suggest a moderate but consistent rise in employment. By 2028, employment is expected to reach 114.33 thousand, with a forecast CAGR of 0.75% and an overall growth rate of 3.79% from 2023. This projection indicates steady, albeit modest, growth in the sector.
Future trends to watch include technological advancements, shifts in global aerospace demand, and policy changes impacting the industry. Increased focus on sustainable aviation and space exploration will also influence employment trends in the coming years.
