Industry Analysis & Industry Trends
The UK Aircraft, Engine and Parts Manufacturing industry is the second-largest in the world, following the United States. The industry is a significant source of investment, research and development. The research investment creates a link between the civil, military and scientific sectors of the economy. However, aircraft manufacturing in the United Kingdom is declining; the industry is saturated, participation is falling and technological development is low. Competition from emerging economies is rising and production shifting to low production cost countries.
Nonetheless, industry revenue rose over the past five years due to cooperation with Airbus and Boeing... purchase to read more
Industry Report - Industry Products Chapter
The industry is heavily involved in manufacturing aircraft engines, with some 24.4% of total revenue coming from this segment. Over 600 airlines operate UK-made engines, with over 12,000 in service worldwide. Rolls-Royce is the engine manufacturing leader in the industry and worldwide; both Boeing and Airbus chose UK-built Rolls-Royce engines for their 787 Dreamliner and A380 programmes. The industry produces engines for both commercial and military aircraft, and the majority of these are exported. For example, UK firms are major suppliers of the Joint Strike Fighter engineer programmes in the United States.
The manufacture of large civil aircraft is dominated globally by Boeing and Airbus, both of which run production locally (i.e. in the United States and France, respectively)... purchase to read more