The business enterprise expenditure on R&D in the UK's aerospace industry is projected to increase from $2.466 trillion in 2024 to $2.617 trillion by 2028. This reflects a steady year-on-year growth, with the forecasted compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 being approximately 1.5%. As of 2023, the actual value was slightly below the 2024 forecast, underscoring an ongoing positive trend in investment within the sector.
Future trends to watch for include technological advancements such as the development of sustainable aviation technologies, which could further accelerate R&D investments. Additionally, geopolitical developments and regulatory changes might impact funding and project directions in aerospace R&D.
