UK Military Aviation - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029

UK Military Aviation - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029

The UK Military Aviation Market size is estimated at USD 1.13 billion in 2024, and is expected to reach USD 1.29 billion by 2029, growing at a CAGR of 2.68% during the forecast period (2024-2029).

Key Highlights

• Fixed-Wing Aircraft is the Largest Sub Aircraft Type : The country's focus on enhancing its combat capabilities by procuring technologically advanced combat aircraft drives the market growth.
• Transport Aircraft is the Largest Body Type : The ability to carry heavy payloads in short unprepared, and semi-prepared airstrips is driving the country to procure transport aircraft.

UK Military Aviation Market Trends

Fixed-Wing Aircraft is the largest Sub Aircraft Type

• According to the recently released Defense Equipment Plan for 2021-2031, the United Kingdom intends to upgrade its armed forces by procuring advanced military platforms to prepare for potential threats. Over the following 10 years, beginning in 2021, the country aims to spend USD 321 billion on the purchase and support of equipment. The country is allocating a significant amount of funds to its military to achieve this goal. The defense budget for 2021 was USD 68.37 billion, a rise of 13% over 2020, out of the total government spending. The country is also committed to its NATO goal to devote 2% of its annual GDP to defense. Currently, the country dedicates a little more than 2% of its GDP to the military.
• The United Kingdom's rising military spending is driving the purchase of new-generation aircraft that may strengthen aviation capabilities. On this note, the United Kingdom ordered 123 fixed-wing aircraft, which include F-35B (114) combat aircraft, under the Future Combat Air System to replace the country's Eurofighter Typhoon fleet. The country also ordered two Airbus A400M transport aircraft, two P-8A Poseidon, and three E-7A special mission aircraft.
• The UK is also procuring 54 helicopters, which include AH-64E (40) multi-mission rotorcraft and CH-47 (14) transport helicopters. All the rotorcrafts are scheduled for delivery by 2028. These helicopters are procured to modernize the country’s armed forces and counter any emerging threats in the future. On this note, the AH-64E will replace the Apache AH1, and the CH-47 will be upgraded to the latest Block II standard.

UK Military Aviation Industry Overview

The UK Military Aviation Market is fairly consolidated, with the top five companies occupying 100.00%. The major players in this market are Airbus SE, BAE systems, Lockheed Martin Corporation, MD Helicopters LLC. and The Boeing Company (sorted alphabetically).

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