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Aerospace Market Report Product Image

Aerospace Market Report

  • ID: 3474
  • January 1998
  • Region: United Kingdom
  • Key Note Publications Ltd

The apparent UK market for the aerospace industry in 1998 was estimated by Key Note to be £21.6bn. The importance of the aerospace industry in UK manufacturing can be gauged by the fact that aerospace contributes over 10% of the UK manufacturing gross domestic product (GDP) and some 2% of the total UK GDP. Military sales form around half of the total product sales of the UK aviation sector, with British Aerospace (BAe) military sales helping it become the UK's largest exporting company.

The aerospace market, as defined for the purposes of this report, includes airframe manufacture, aircraft components and engines, missiles, avionics, satellite equipment and refurbishment work. Avionics covers electrical and electronic control systems for use on aircraft, and also ground-based software and systems for flight management. Space equipment covers communications and earth observation satellites, but does not cover launchers. Refurbishment work includes maintenance work carried out by the major manufacturers where such work cannot be distinguished from the remainder of the company's turnover.

Technical excellence and exposure to market forces (compared to the government READ MORE >

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