The UK aerospace industry has increased by 2.9% to reach a value of nearly £19.2 billion (US$28.0 billion) in 2001.
The aerospace industry has been growing strongly with a total increase of 13.6% over the review period.
Technical excellence and exposure to market forces as compared to the government backing of certain European aerospace firms has resulted in a strong UK aerospace sector that has survived a period of severe defense budget cut-backs and civil airline order cancellations.
This report is part of Euromonitor’s highly successful Major Market Profiles series.
These briefings provide concise, up-to-date, accurate and affordable analysis of 156 commercial, industrial and service sectors in France, Germany, the UK and the US.