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United Kingdom Defense Market Size, Price, Trends, Forecast: By Armed Forces: Army, Navy, Air Force; By Type: Fixed-wing Aircraft, Rotorcraft, Ground Vehicles, Naval Vessels, C4ISR, Weapons and Ammunition, Protection and Training Equipment, Unmanned Systems; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
United Kingdom Defense Market Outlook
The United Kingdom defense market size reached approximately USD 17.78 billion in 2023. The market is further projected to grow at a CAGR of 3.1% between 2024 and 2032, reaching a value of USD 23.33 billion by 2032.
Key Trends in the Market
Defense refers to the military capabilities of a country across aerospace, land, and naval domains. The organisation protects the country and its interests against national and international threats. Defense systems include naval vessels, ground vehicles, weapons, and protective equipment, among others.
- Rising regional conflicts and international terrorism, among other geopolitical challenges have increased security concerns in the United Kingdom, resulting in the rising requirement for a strong and capable defense force in the country. Growing need for stability and safeguarding the national interests are also boosting the United Kingdom defense market demand.
- The government of the United Kingdom is investing heavily on the digital infrastructure such as cybersecurity as the defense force of the country relies heavily on advanced technologies and digital sources. The cybersecurity protects sensitive data, the military network, and the critical infrastructure from cyber threats.
- Modernisation and advancements in military technology are other major factors supporting the market expansion. The key players are designing and developing advanced weaponry, autonomous systems, and unmanned systems, among other cutting-edge technologies to enhance the defense infrastructure of the country.
United Kingdom Defense Market Analysis
Based on armed forces, the market is divided into army, navy, and air force. By type, the market is categorised into fixed-wing aircraft, rotorcraft, ground vehicles, naval vessels, C4ISR, weapons and ammunition, protection and training equipment, and unmanned systems.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United Kingdom defense market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- The Boeing Company
- Airbus SAS
- Northrop Grumman Corporation
- BAE Systems plc
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- L3Harris Technologies, Inc.
- Thales Group
- Leonardo S.p.A.
- General Dynamics United Kingdom Limited
- MBDA
- Others
Market Share by Armed Forces
Navy is expected to account for a significant United Kingdom defense market share in the coming years. Government of the United Kingdom is taking steps to strengthen its maritime security by establishing cross governmental coordination bodies such as joint maritime security centre. They are heavily investing on the addition of new surface ships, weapons, submarines, and technologies, boosting the segment growth.
Market Share by Type
Naval vessels are anticipated to observe a rapid growth over the forecast period owing to rising investments in the development of naval vessels and growing strategic importance of the navy. Increasing demand for aircraft carriers, submarines, and destroyers, among other surface combatants is further supporting the United Kingdom defense market growth. The presence of a large number of commissioned and non-commissioned ships in the British armed forces is yet another major factor aiding the segment growth.
Competitive Landscape
The Boeing Company was founded in 1916 and is headquartered in Virginia, United States. The multinational aircraft company designs, manufactures, and sells rotorcraft, satellites, airplanes, rockets, and missiles, among other equipment.
Airbus SAS is an aircraft manufacturing company that was founded in 1970 and is headquartered in Blagnac, France. The company is known for designing, producing, and delivering commercial aircraft, defense, space, and security products.
Northrop Grumman Corporation was established in 1994 and has its headquarters located in Virginia, United States. The aerospace and defense company manufactures large weapons and provides military technology across the globe.
Other United Kingdom defense market key players include BAE Systems plc, Lockheed Martin Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., Thales Group, Leonardo S.p.A., General Dynamics United Kingdom Limited, and MBDA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Armed Forces |
|
| Breakup by Type |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Defense Market Overview
8.1 Key Industry Highlights
8.2 Global Defense Historical Market (2018-2023)
8.3 Global Defense Market Forecast (2024-2032)
8.4 Global Defense Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 United Kingdom Defense Market Overview
9.1 Key Industry Highlights
9.2 United Kingdom Defense Historical Market (2018-2023)
9.3 United Kingdom Defense Market Forecast (2024-2032)
10 United Kingdom Defense Market by Armed Forces
10.1 Army
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Navy
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Air Force
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 United Kingdom Defense Market by Type
11.1 Fixed-wing Aircraft
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Rotorcraft
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Ground Vehicles
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Naval Vessels
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 C4ISR
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Weapons and Ammunition
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Protection and Training Equipment
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Unmanned Systems
11.8.1 Historical Trend (2018-2023)
11.8.2 Forecast Trend (2024-2032)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyer’s Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 The Boeing Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Airbus SAS
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Northrop Grumman Corporation
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 BAE Systems plc
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Lockheed Martin Corporation
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Raytheon Technologies Corporation
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 L3Harris Technologies, Inc.
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Thales Group
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Leonardo S.p.A.
13.2.9.1 Company Overview
13.2.9.2 Product Portfolio
13.2.9.3 Demographic Reach and Achievements
13.2.9.4 Certifications
13.2.10 General Dynamics United Kingdom Limited
13.2.10.1 Company Overview
13.2.10.2 Product Portfolio
13.2.10.3 Demographic Reach and Achievements
13.2.10.4 Certifications
13.2.11 MBDA
13.2.11.1 Company Overview
13.2.11.2 Product Portfolio
13.2.11.3 Demographic Reach and Achievements
13.2.11.4 Certifications
13.2.12 Others
14 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Defense Market: Key Industry Highlights, 2018 and 2032
2. United Kingdom Defense Market: Key Industry Highlights, 2018 and 2032
3. United Kingdom Defense Historical Market: Breakup by Armed Forces (USD Billion), 2018-2023
4. United Kingdom Defense Market Forecast: Breakup by Armed Forces (USD Billion), 2024-2032
5. United Kingdom Defense Historical Market: Breakup by Type (USD Billion), 2018-2023
6. United Kingdom Defense Market Forecast: Breakup by Type (USD Billion), 2024-2032
7. United Kingdom Defense Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 17.78 billion in 2023.
The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 23.33 billion by 2032.
The major market drivers include growing regional conflicts, increasing threats of terrorist attacks, and rising need to safeguard the interests of the country.
The key trends fuelling the growth of the market include rising investments on digital infrastructure and increasing modernisation of military technology.
The various types include fixed-wing aircraft, rotorcraft, ground vehicles, naval vessels, C4ISR, Weapons and ammunition, protection and training equipment, and unmanned systems.
The significant armed forces include army, navy, and air force.
The key players in the market are The Boeing Company, Airbus SAS, Northrop Grumman Corporation, BAE Systems plc, Lockheed Martin Corporation, Raytheon Technologies Corporation, L3Harris Technologies, Inc., Thales Group, Leonardo S.p.A., General Dynamics United Kingdom Limited, and MBDA, among others.
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