How big is the UK Defense Market?

The UK Defense Market size is expected to reach USD 64.55 billion in 2024 and grow at a CAGR of 3.12% to reach USD 75.27 billion by 2029. Read More

What is the current UK Defense Market size?

In 2024, the UK Defense Market size is expected to reach USD 64.55 billion. Read More

Who are the key players in UK Defense Market?

Lockheed Martin Corporation, Airbus SE, BAE Systems plc, Leonardo S.p.A. and THALES are the major companies operating in the UK Defense Market. Read More

What years does this UK Defense Market cover, and what was the market size in 2023?

In 2023, the UK Defense Market size was estimated at USD 62.54 billion. The report covers the UK Defense Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the UK Defense Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the future trends expected in the UK Defense Market?

Future trends that are expected in the United Kingdom Defense Market are a) Increased investment in AI and cybersecurity b) Adoption of unmanned systems c) Focusing on sustainability in defense operations Read More

UK Defense Market Share

Statistics for the 2023 & 2024 UK Defense market share, created by Mordor Intelligence™ Industry Reports. UK Defense share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of UK Defense Industry

The UK defense market is fragmented and nurtures open competition policies that seek the best defense equipment for the best value. The MoD acquires defense equipment from foreign sources when the advantages of performance, cost, and delivery schedule outweigh the benefits of buying the British alternative. Airbus SE, Lockheed Martin Corporation, BAE Systems PLC, Leonardo SpA, and THALES are prominent players in the UK defense market, expected to hold a significant share even during the forecast period. BAE Systems is one of the prominent tier-1 suppliers for the F-35 program. Furthermore, BAE Systems is developing Tempest.

A consortium consisting of the UK Ministry of Defense, BAE Systems, Rolls-Royce, Leonardo SpA, and MBDA is developing the aircraft. It plans to induct the aircraft in 2035, replacing the Eurofighter Typhoon aircraft service in the Royal Air Force and the Italian Air Force (AMI). Similar partnerships for various government development and procurement programs are expected to help the companies increase their share in the market in the coming years.