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COVID-19

Aerospace and Defense Market in UK Expected to Grow with Top Players: Boeing, Airbus, GE Aviation, Lockheed Martin

Strategic Insights

— 2 min read

The UK's aerospace and defense market is poised for healthy growth, driven by the COVID-19 pandemic, according to a recent report by The Business Research Company. The market size is expected to increase significantly over the next few years, with key players like Boeing, Airbus, GE Aviation, and Lockheed Martin leading the charge. The report highlights the growing demand for defense equipment manufacturing, particularly in the UK, driven by the country's increasing military spending.

Key Takeaways:

  • The UK's aerospace and defense market is expected to grow at a healthy CAGR, driven by the COVID-19 pandemic and increasing demand for defense equipment manufacturing.
  • The market size is expected to increase significantly over the next few years, with key players like Boeing, Airbus, GE Aviation, and Lockheed Martin leading the charge.
  • Additive manufacturing, also known as 3D printing, is becoming increasingly popular in the aerospace industry, enabling manufacturers to produce complex parts and components with greater precision and efficiency.
  • 3D printed parts are 25% lighter, simpler, and offer more design features than conventional parts, enabling manufacturers to create high-performance aircraft engines and components.
  • The report breaks down the market by region, country, and segment, providing a comprehensive overview of the market's historic and forecast growth.
  • The major regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Statistics:

  • The UK's aerospace and defense market size is expected to increase from $X billion in 2020 to $Y billion by 2023, growing at a CAGR of Z%.
  • The market size for defense equipment manufacturing in the UK is expected to reach $X billion by 2023, growing at a CAGR of Y%.
  • 3D-printed parts are 25% lighter, simpler, and offer more design features than conventional parts, enabling manufacturers to create high-performance aircraft engines and components.
  • The report covers 60 geographies, providing a comprehensive overview of the market's historic and forecast growth.
  • The market is expected to grow at a healthy CAGR, driven by the COVID-19 pandemic and increasing demand for defense equipment manufacturing.

Sources:

  • The Business Research Company, "Aerospace and Defense Global Market Report 2020: COVID-19 Impact and Recovery"
  • https://www.thebusinessresearchcompany.com/report/aerospace-and-defense-global-market-report-2020-30-covid-19-impact-and-recovery
  • The Business Research Company, "Aerospace and Defense Market in UK"
  • https://www.thebusinessresearchcompany.com/report/aerospace-and-defense-global-market-report-2020-30-covid-19-impact-and-recovery
  • M2 PressWIRE, "The Business Research Company: Covid-19 Update: Aerospace And Defense Market In UK Is Expected To Grow At A Healthy CAGR With Top Players: Boeing; Airbus; GE Aviation; Lockheed Martin"

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