Market Size of uk aviation Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 7.81 Billion |
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Market Size (2030) | USD 7.60 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | -0.44 % |
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Fastest Growing by Aircraft Type | General Aviation |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
UK Aviation Market Analysis
The UK Aviation Market size is estimated at 7.81 billion USD in 2024, and is expected to reach 7.60 billion USD by 2030, growing at a CAGR of -0.44% during the forecast period (2024-2030).
7.8 B
Market Size in 2024 (USD)
7.6 B
Market Size in 2030 (USD)
816
Total Deliveries in the Historic Period (2017-2023)
873
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
73.47 %
value share, Commercial Aviation, 2023
Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, are driving the commercial aviation market.
Largest Market by Sub-Aircraft Type
56.10 %
value share, Passenger Aircraft, 2023
Strong recovery in domestic air travel and gaining momentum in international traffic act as a catalyst for the growth of the passenger aircraft market in the country.
Leading Market Player
41.99 %
market share, Airbus SE, 2022
The company provides an extensive range of products across commercial, military, and general aviation sectors through Airbus, Airbus Helicopters, and Airbus Defence and Space.
Second Leading Market Player
34.36 %
market share, The Boeing Company, 2022
The company's wide range of commercial and military aircraft is responsible for its market penetration in the country, making it the second-largest market player.
Third Leading Market Player
5.03 %
market share, Embraer, 2022
The company is the third leading player in the market with a wide range of technologically innovative and advanced products, along with a strong customer support network.
The commercial aviation industry is expected to experience substantial growth in the future
- In the United Kingdom, the GDP of the aviation industry, including airlines and their supply chains, is projected to be USD 86 billion. An additional USD 34 billion, totaling USD 120 billion of the country's GDP, is supported by international visitor spending. The inputs to the air transport industry and foreign visitors who arrive by air contribute 4.5% to the country’s GDP.
- General aviation employs around 12,000 people in the United Kingdom. About 96% of the 21,000 civilian aircraft registered in the United Kingdom are used for general aviation, and the GA fleet logs between 1.25 million and 1.35 million hours of flight time yearly. There are 10,000 certified glider pilots and 28,000 people with Private Pilot Licenses (PPL). The use of more accessible aircraft, such as microlights, locally built airplanes, and smaller helicopters, saw a rise in the past 20 years.
- The country's military budget for 2022 was USD 68.5 billion, a rise of 3.7%. Out of the total government spending, the country has allocated 2.2% of its share to the military. Its NATO membership commits the United Kingdom to devote 2% of its annual GDP to defense. Currently, the United Kingdom dedicates more than 2% of its GDP to the military. The country is buying new-generation aircraft to improve its aviation capabilities, thus resulting in increased military spending.
- UK airlines are procuring new aircraft to cater to the demand generated by the rising rates of air travel and to replace aging aircraft with fuel-efficient models. Easyjet has ordered 128 A320neo and 33 A321neo models. Virgin Atlantic has ordered 15 Airbus A330-900neo and five A350-1000 aircraft. British Airways ordered 40 aircraft, comprising five A320neo and nine Boeing 787-10 aircraft.
Understand The Key Trends Shaping This Market
