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Aerospace

AEROSPACE & DEFENCE

MORGAN RYDER ASSOCIATES | DEDICATED TO WORLD-CLASS MANUFACTURING, ENGINEERING, AND THIRD-PARTY LOGISTICS

The global aerospace & defense materials market is expected to grow from $21.61 billion in 2020 and to reach USD $30.03 billion by 2028.  In 2021, the sector is expected to have grown by 2.8% crossing the $2 trillion mark.

The UK has a 17% global market share in the sector, the largest in Europe and #2 globally. In 2019, total UK civil aerospace turnover totaled over $45.5 billion. The UK aerospace industry is the crown jewel for UK exports and, even though the UK does not produce large civil aircraft, 90% of domestic aerospace production is exported. 

The UK has a reputation as a global center of excellence for the design and production of engines, helicopters, wings, structures, and aircraft systems (including landing gear).  Rolls-Royce-manufactured engines power more than 35 types of commercial aircraft, and the company has over 13,000 engines in service around the world. The UK also designs and manufactures wings for all Airbus aircraft platforms.   In addition to manufacturing, the UK has a thriving maintenance, repair, and overhaul sector (MRO), that provides services to the huge numbers of military and civil aircraft that fly through and from the UK every year.  It is estimated that there are over 1,300 companies involved in the MRO and logistics sector in the UK with a combined turnover of over $195 billion and employing over 57,000 people. The aerospace industry is a major market for U.S. exports in the United Kingdom.

The UK commercial space industry is rapidly growing, it produced a turnover of over $18.7 billion in 2019 and has the ambition to capture 10% of the global space market by 2030. With $714 million invested in Research and Development, the Space industry is 6 times more R&D intensive than the UK average. Accelerating growth year on year, the UK is a world leader in nano and small satellites.  The commercial space sector is likely to see steady investments in new and existing space technologies and services, with funding coming primarily from industry and venture capital with government support.  The market can be broken down into four main components.  Over two-thirds of the market's total income is derived from Space Applications, followed by the smaller components of Space Operations, Space Manufacturing, and auxiliary services.

Our Aerospace & Defence client portfolio spans the following environments:

  • OEM Assembly / Sub Assembly

  • Aero-Structures - Precision Machining & Fabrication

  • Propulsion Systems - Manufacture & Assembly 

  • M.R.O (Maintenance, Repair and Overhaul)

  • Avionics / Electronic

  • Metals Treatment

  • Composite Components

  • Communications

  • Survival Equipment

  • Countermeasures

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