UK Aerospace And Defense Mro Market Size & Outlook
UK aerospace and defense mro market, 2018-2030 (US$M)
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UK aerospace and defense mro market highlights
- The UK aerospace and defense mro market generated a revenue of USD 7,263.9 million in 2021 and is expected to reach USD 9,482.9 million by 2030.
- The UK market is expected to grow at a CAGR of 3% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Line is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace and defense mro market data book summary
| Market revenue in 2021 | USD 7,263.9 million |
| Market revenue in 2030 | USD 9,482.9 million |
| Growth rate | 3% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, UK accounted for 6.8% of the global aerospace and defense mro market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK aerospace and defense mro market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 8,415.8 million by 2030.
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Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK aerospace and defense mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 36.71% in 2021. Horizon Databook has segmented the UK aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
The UK aerospace MRO market is a high-growth, high-value market driven by innovation. The country exhibits significant capabilities to design, build, and maintain advanced helicopters. The government and industry leaders have launched the Aerospace Growth Partnership (AGP) and Reach for the Skies initiative, with an aim to maintain and increase the UK's share in the global aerospace market.
The UK is facing stiff global competition with not only established aerospace nations, but also an increasing number of developing aerospace countries who are investing heavily in technology, skills, and supply chains, with strong support from their governments to acquire a larger market share.
However, relationships between the UK and other countries, particularly the US, coupled with future trade agreement negotiations, will play a significant role in resolving concerns and opportunities confronting the UK's A&D industry.
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Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into UK aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK aerospace and defense mro market size, by product, 2018-2030 (US$M)
UK Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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