The United Kingdom’s aerospace industry continues to dominate the world. The sector forms the cornerstone of the UK’s economic strength, both domestically and on the global stage. The UK’s aerospace industry, the second largest in the world after the United States, is truly export-driven. In 2021, civil aerospace alone contributed $32 billion in turnover. Despite not producing large civil aircraft, we still see that 98% of domestic aerospace production finds its way to international markets. In addition, the UK's space industry is making strides, generating $22 billion in turnover and $8 billion is attributed to exports. Although the sector is emerging, the country has shown a great deal of ambition by setting targets to explore Mars and nearby satellite constellations.
The UK’s aerospace supply chain is mature, housing world-class facilities working in engine design, helicopter production, wing manufacturing and aircraft systems. The UK is renowned for designing and producing wings for Airbus aircraft platforms. The thriving Maintenance, Repair, and Overhaul (MRO) sector further supports the nation's aerospace endeavors as it serves a vast number of military and civil aircraft passing through or originating from the UK each year.
With over 3000 aerospace companies operating in the UK, the sector boasts the largest number of Small and Medium-sized Enterprises in Europe. Together they secure consistent employment opportunities for a total of 282,000 people. Household names like BAE Systems, Rolls-Royce and GKN coexist with global juggernauts such as Boeing, Airbus, Lockheed Martin and GE Aviation Systems. These companies drive innovation, competitiveness and quality in the UK’s aerospace industry, which in turn lay down the foundation for a stable growth over the following decade. With innovation at the forefront, the UK’s aerospace industry is poised to continue its domination on the global scene.