The number of enterprises in the UK’s manufacture of weapons and ammunition sector is forecasted to decrease steadily from 91 in 2024 to 83 in 2028. This represents a year-on-year decline of approximately 2-2.3%. The calculated compound annual growth rate (CAGR) over the five-year forecast period indicates a consistent downward trend. Notably, the actual number for 2023 stood at 93 enterprises, accentuating the declining trajectory.

Future trends to watch for:

Potential impact of geopolitical shifts or defense policy changes on the sector.
Technological advancements might influence consolidation or diversification within enterprises.
Regulatory changes affecting the defense industry could alter the competitive landscape.