UK Aerospace Parts Manufacturing Market Size & Outlook, 2030

Revenue, 2022 (US$M)

$53,151.2

Forecast, 2030 (US$M)

$71,003.9

CAGR, 2023 - 2030

3.7%

Report Coverage

UK aerospace parts manufacturing market, 2018-2030 (US$M)

Related Markets

Global Aerospace Parts Manufacturing Industry Outlook

North America Aerospace Parts Manufacturing Market Outlook

U.S. Aerospace Parts Manufacturing Market Outlook

Canada Aerospace Parts Manufacturing Market Outlook

Mexico Aerospace Parts Manufacturing Market Outlook

Europe Aerospace Parts Manufacturing Market Outlook

Germany Aerospace Parts Manufacturing Market Outlook

France Aerospace Parts Manufacturing Market Outlook

Italy Aerospace Parts Manufacturing Market Outlook

Netherlands Aerospace Parts Manufacturing Market Outlook

Asia Pacific Aerospace Parts Manufacturing Market Outlook

Japan Aerospace Parts Manufacturing Market Outlook

China Aerospace Parts Manufacturing Market Outlook

Australia Aerospace Parts Manufacturing Market Outlook

Indonesia Aerospace Parts Manufacturing Market Outlook

Malaysia Aerospace Parts Manufacturing Market Outlook

Philippines Aerospace Parts Manufacturing Market Outlook

Latin America Aerospace Parts Manufacturing Market Outlook

Brazil Aerospace Parts Manufacturing Market Outlook

MEA Aerospace Parts Manufacturing Market Outlook

UK aerospace parts manufacturing market highlights

The UK aerospace parts manufacturing market generated a revenue of USD 53,151.2 million in 2022 and is expected to reach USD 71,003.9 million by 2030.
The UK market is expected to grow at a CAGR of 3.7% from 2023 to 2030.
In terms of segment, aircrafts manufacturing was the largest revenue generating product in 2022.
Avionics is the most lucrative product segment registering the fastest growth during the forecast period.

Aerospace parts manufacturing market data book summary

Market revenue in 2022	USD 53,151.2 million
Market revenue in 2030	USD 71,003.9 million
Growth rate	3.7% (CAGR from 2022 to 2030)
Largest segment	Aircrafts manufacturing
Fastest growing segment	Avionics
Historical data	2018 - 2021
Base year	2022
Forecast period	2023 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Engine, Aircrafts Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components
Key market players worldwide	Rolls-Royce Holdings PLC, Safran SA, Woodward Inc, Martinrea International Inc, Eaton Corp PLC, Lockheed Martin Corp, GE Aerospace, MTU Aero Engines AG, RTX Corp, Honeywell International Inc, Mitsubishi Electric Corp, Kawasaki Heavy Industries Ltd, Subaru Corp, IHI Corp, Deutsche Lufthansa AG, Liebherr Group, Hexcel Corp, Ducommun Inc, Rockwell Automation Inc, Spirit AeroSystems Holdings Inc Class A, Panasonic Holdings Corp, Thales, Dassault Systemes SE, Parker Hannifin Corp, Basf SE, Airbus SE, Danaher Corp, Triumph Group Inc, Curtiss-Wright Corp, Magellan Aerospace Corp, Bridgestone Corp

Other key industry trends

In terms of revenue, UK accounted for 5.9% of the global aerospace parts manufacturing market in 2022.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
In Europe, France aerospace parts manufacturing market is projected to lead the regional market in terms of revenue in 2030.
Germany is the fastest growing regional market in Europe and is projected to reach USD 90,973.2 million by 2030.

Aircrafts manufacturing was the largest segment with a revenue share of 40.93% in 2022. Horizon Databook has segmented the UK aerospace parts manufacturing market based on engine, aircrafts manufacturing, cabin interiors, equipment, safety & support, avionics, insulation components covering the revenue growth of each sub-segment from 2018 to 2030.

Aerospace industry in UK is focused on increasing its carrier fleet for tackling the future conflict across the globe. The aircraft deliveries are likely to increase in production rate by manufacturers around the world. In addition, there is a development in the production of airplanes that satisfy requirements for cleaner and fuel efficient planes.

There is an increase in the business type of aircrafts in the UK market due to introduction of on-demand air taxi services for the freight and passengers to travel around the country. These factors estimated to boost the aerospace parts manufacturing industry in the country in order to cater to the increased demand of aircraft manufacturers.

Key Regions: U.S. , Japan , Brazil , Canada , Mexico