The Aerospace Report
28 July 2015
The UK has the world’s second largest aerospace sector, owning 17% of the global market share. With airline traffic growth of almost 5% predicted over the next 20 years, will the UK be in a strong position to respond to increased productivity demands?
We recently partnered with The Institution of Mechanical Engineers (IMechE) to analyse the sentiment, challenges and changing macro landscape for UK aerospace companies.
Our findings revealed strong positive sentiment in the aerospace sector, but the bald numbers belie some serious concerns about the UK’s position. Issues with long term agreements, productivity levels, availability of correctly skilled people and the rise of Asia as an aerospace powerhouse, conspire to negate any complacency.