The UK's air and spacecraft and related machinery sector is forecasted for steady growth from 2024 to 2028, rising from £10.58 billion in 2024 to £11.35 billion in 2028. This represents a year-on-year growth of approximately 1.9% for each subsequent year. The compounded annual growth rate (CAGR) over this five-year period is about 1.78%. As of 2023, the actual value stood at £10.40 billion.

Future trends to watch for:

Global demand for sustainability and advancements in technology could drive further innovation in the sector.
Potential impacts from geopolitical shifts and international trade policies.
Development in space exploration and investment in commercial spaceflight ventures could provide additional growth opportunities.