United Kingdom Defense Market Report and Forecast 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