New report highlights pathway for aerospace manufacturers
December 9, 2024
The UK aerospace sector has continued to demonstrate robust growth and innovation, contributing significantly to the national economy and maintaining its position as a global leader in advanced manufacturing and technology. Launched today by ADS’ Aerospace Export Focus Group and Achieving the Difference, the Global Aerospace Outlook highlights critical trends and opportunities in the aerospace sector…
In 2023, the UK aerospace sector recorded a £30.5 billion turnover, with exports contributing £20 billion, employing 104,000 people, including 6,000 apprentices. In 2024, global passenger air traffic exceeded 2019 pre-pandemic levels, rejuvenating business optimism despite geopolitical risks. The UK aerospace targets net-zero emissions by 2050 using sustainable aviation fuels (SAF) and innovations like the Aerospace Technology Institute’s Hydrogen Capability Network.
Digital transformation integrating AI and data analytics is optimising manufacturing, maintenance, and operations. In civil aerospace, Airbus and Boeing near-term focus is on supply chain management and certifying derivative products like the 777X and A321XLR, with positive long-term growth prospects. Geopolitical uncertainties drive increased military aerospace spending, highlighting the Global Air Combat Programme program opportunities. SAF is deemed crucial, with IATA estimating it will contribute 65% towards net-zero goals by 2050. Innovative propulsion technologies like Rolls-Royce’s UltraFan and CFM International’s RISE project efficiency gains. Hybrid-electric and hydrogen propulsion developments are pivotal, with Airbus aiming for hydrogen-powered aircraft by 2035.
Airframe advancements include Boeing’s ‘transonic truss-braced wing’ and Airbus’ Wing of Tomorrow. While clean sheet large commercial aircraft developments are unlikely soon, growth forecasts show business jets stabilising with 8,500 projected deliveries over a decade. Helicopter markets are poised for growth through programs like the UK’s New Medium helicopter acquisition. Rising defence budgets reflect global instability, with projections of continuing increases. Air travel surges in high-growth markets like China and India, whereas mature markets like North America and Europe grow slowly. Fleet expansion in emerging markets requires deliveries for growth, contrasting with aircraft replacement needs in mature markets.
Deutsche Aircraft, backed by Sierra Nevada Corporation, is modernizing the Dornier 328 into the D328eco™. The aircraft is slated for 2026 service with increased capacity and SAF to reduce emissions, utilizing PW127S engines. The US military’s Future Vertical Lift (FVL) program features aircraft like the FLRAA, awarded to Bell Textron for V-280 Valor development, with the first flight expected in 2025. Boom Technologies is working on the Boom Overture, a Mach 1.7 supersonic airliner, anticipating a 2027 inaugural flight. The UK Aerospace Growth Partnership and Defence Growth Partnership aim for leadership in sustainable technologies and defence export-led growth.
Aerospace equipment and supplier partnerships feature contributions across various platforms. Nabtesco collaborates with Liebherr and Collins Aerospace on actuator systems. GE Aerospace and Collins Aerospace supply power systems. Collins Aerospace and CTT Systems provide environmental systems, while Meggitt and Astronics PECO focus on detection systems. Contributions for the ES-30, D328eco™, and V-280 Valor include key roles from companies across Europe, the USA, and more. Boeing’s 777X awaits certification planned for 2025. The text details significant aerospace trends, forecasts, and developments across aircraft programs, timelines, and supplier roles.
Commenting on the report, Balaji Srimoolanathan, Director for Aerospace, Space and the Aerospace Growth Partnership said:
“The Global Aerospace Outlook is designed to assist and guide your organisation’s ongoing contribution to the success of the global aerospace sector. I would like to thank the contributors of the Outlook, including Achieving the Difference and members of the ADS Aerospace Export Focus Group.
ADS remains dedicated to supporting our members and promoting the growth and success of the UK aerospace sector. Together, we will continue to drive innovation, enhance global connectivity, and contribute to a safer, more sustainable world.”
Clive Lewis, Managing Director of Achieving the Difference commented:
“Achieving the Difference is proud to have worked with ADS and Aerospace Export Focus Group to deliver every edition of the Global Aerospace Outlook since 2009. Members of the UK aerospace supply chain express how much they value the report for understanding key market trends and specific business development opportunities. It is great to be able to help them succeed in this exciting global market.”
