France and China ahead of UK aerospace

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A new study of the global aerospace industry values it at $838bn but relegates the UK from second largest aerospace industry to fourth behind the US, France and China.

Methodologies and interpretations differ, but the research by Aerodynamic Advisory and Teal Group estimated the UK industry as being worth $48.8bn, which compares to the figure quoted by ADS (the UK aerospace, defence and security trade association) of £35bn (approx. $£45.6bn).

The study puts the US industry at $408.4bn, the French industry in second place on $69bn and China third on $61.2bn. It does however stress that there are extensive global holdings and work carried out globally by UK companies that is not included in its numbers.

The report characterises the UK as having a very high ratio of exports to domestic consumption, with a heavy presence on US and European platforms. The report adds that the UK is exiting its role as a military prime manufacturer but has a world-leading role as a risk-sharing partner.  

You can see the Aerodynamic Advisory and Teal Group report here

You can see the ADS 2018 industry facts and figures here

www.aerodynamicadvisory.com

www.tealgroup.com

www.adsgroup.org.uk

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