UK Aerospace Parts Manufacturing Market Size & Outlook

The aerospace parts manufacturing market in UK is expected to reach a projected revenue of US$ 71,003.9 million by 2030. A compound annual growth rate of 3.7% is expected of UK aerospace parts manufacturing market from 2023 to 2030.
Revenue, 2022 (US$M)
$53,151.2
Forecast, 2030 (US$M)
$71,003.9
CAGR, 2023 - 2030
3.7%
Report Coverage
UK

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 2022USD 53,151.2 million
Market revenue in 2030USD 71,003.9 million
Growth rate3.7% (CAGR from 2022 to 2030)
Largest segmentAircrafts manufacturing
Fastest growing segmentAvionics
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationEngine, Aircrafts Manufacturing, Cabin Interiors, Equipment, Safety & Support, Avionics, Insulation Components
Key market players worldwideRolls-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.

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Aerospace Parts Manufacturing Market Companies

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

UK Aerospace Parts Manufacturing Market Outlook Share, 2022 & 2030 (US$M)

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

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