Uk Aerospace SectorEssay Preview: Uk Aerospace SectorReport this essaySummaryThe UK aerospace industry is currently the second largest in the world, with a turnover in 2004 of $31.8 billion. This represents approximately 13% of the worldwide aerospace market. The sector is forecast to grow by 8% per year from 2003 to 2008 largely due to the growth in the Maintenance, Repair and Overhaul (MRO) market. Increasing demand for air travel underpins this growth, despite high global oil prices. For example, air transport movements at UK airports increased by 5% from January 2005 to January 2006.

The UK is home to several leading British and European companies in the sector, including BAE Systems, Rolls-Royce and Airbus. Defense aerospace represents much of this sectors activity, driven by projects such as Eurofighter Typhoon and F35. Global defense sales of $16.2 billion account for just over half of the industrys output. However, civil aerospace turnover rose to $15.6 billion in 2004 and is expected to continue to grow in the coming years.

U.S. manufacturers are well represented in the UK, including Honeywell, Raytheon, Rockwell Collins, Lockheed Martin and Goodrich. Transatlantic relations are critically important to the UK aerospace sector. According to the Society of British Aerospace Companies (SBAC), UK aerospace companies employ over 30,000 people in the U.S. and are responsible for creating over $6.6 billion in revenue annually. Similarly, around one-fifth of SBACs members are U.S.-owned. In 2005, U.S. companies exported $5.2 billion in aerospace products and parts to the UK, the highest level since 2001. Aircraft, propulsion, and aircraft parts comprise the great majority of these exports.

Market DemandAerospace is an important contributor to the UK economy, directly employing some 114,000 people nationwide. Much of this activity is concentrated in the South West, South East and North West of England. Over 2,500 small and medium-sized enterprises (SMEs) are said to be involved in the UK aerospace industry, emphasizing the importance of the sector and its contribution to the national skills base. As one government report noted in 2003, aerospace is “second only to pharmaceuticals in terms of value added per head in the manufacturing area”. The worldwide success of UK companies such as BAE Systems and Rolls-Royce further underlines the strategic significance of aerospace to the national economy.

Permanent National Status For many years, there have been some strong national economic factors, such as the creation of an EU market mechanism to protect UK manufacturers as well as providing a “national security interest” within the European Union. However, for many years, there are not large-scale national economic factors like: • any domestic investment of money. • any trade liberalisation under EU rules – as well as the strengthening of the ‘UK’s EU membership’ by European Union members. • the ability of EU countries’ leaders and governments to impose and maintain a strong national economic policy at home and its ability to exert pressure in the European market to ensure a safe and sound financial system. • the ability of large, highly skilled companies, especially in the aerospace space sector, to bring jobs there. • the growing potential of UK industry. • the increased ability of British companies to adapt to market conditions in Europe.

British Government Research and Innovation

The UK is a major leader in research and development. Research and development is a crucial part of the government’s UK government activities, such as: • establishing, promoting, strengthening and protecting research and technology centres and research and technology funding; • providing UK companies with a key role in supporting commercialisation, investment and strategic partnership frameworks, and to attract investment opportunities across the UK research and development sector; • developing national national infrastructure to sustain and support UK research into new industries, particularly high tech, and industrial sectors, such as automotive and aerospace; • promoting, accelerating and maintaining Britain’s international competitiveness; • establishing robust national infrastructure to support UK industry and deliver jobs for overseas trade; • enhancing public sector and public infrastructure support; • safeguarding the quality of access to and access to research and development in the UK for British industry and our colleagues in research, IT, social and trade policy systems. The UK is one of three major global ‘leading international players’ at the European/ASA level within the aerospace, defence, business and industry sectors.

Industry Overview and Research Programmes

There is an increasing acceptance of UK expertise in the sector. Research and development courses are being introduced to offer students the means to access high-value career opportunities, such as technical jobs, as they take a range of skills: • designing, building, testing, refining and evaluating complex technical concepts; • understanding and mastering complex industrial and technical systems; • developing integrated knowledge of the various applications and characteristics of specific components and processes; • developing applications that are both novel and diverse with a focus on commercial and industrial applications. • mastering an essential knowledge of the fundamentals of design and building. *

The Centre of Advanced Materials’s (CAM) CERT (Assessment of Structural Chemistry) Programme (CHEM) will take place in 2017. This programme provides the opportunity for an academic education free of all ethical, institutional or other restrictions on teaching and learning.

Learn More About Our CAM Program

For more information about the CAM Program, please see our CAM Online Course Information page at CAM.uk

CAM (Central Committee for Professional Standards)

Chichester Branch for Advanced Materials

The Centre for Advanced Materials (CAEM) provides a comprehensive, independent body dedicated to the development, application and implementation of advanced materials to meet our needs for quality products, services and manufacturing. We are funded by industry, the local community, charities, industry and governments, with the support of our local councils, manufacturers and government agencies.

CAEM can identify and support key stakeholders in the industry, the CAM has many members from various disciplines, including the Royal Society, the Professional Standards, the UK Council for Chemistry, the Royal College of Dental Engineers, the UK Medical Association and and the Department of Chemistry.

Learn More About The CAAM CAM Online Course Information page

The Centre for Advanced Materials (CAM) has partnered with several groups including the International Quality Assurance Associations (QSI), the European Institute of Mechanical Engineers (EIEM), the University of Basel, and the European Commission.

These organisations recognise and work with CAM and offer a range of expertise and experience to our programme participants. With more than 1,500 members, CAM and the Centre for Advanced Materials support a national target of around 15,400 people per week by offering a range of courses to students.

Learn More About The CAM Online Course Information Page

Want to read more of our research? If you have questions about how CAM works, how you can contribute to our community or provide feedback, you can use these links:

http://cam.uk/

*To read more detailed information about CAM, please contact the CAM Research Committee about the CAM programme.

The Centre of Advanced Materials’s (CAM) CERT (Assessment of Structural Chemistry) Programme (CHEM) will take place in 2017. This programme provides the opportunity for an academic education free of all ethical, institutional or other restrictions on teaching and learning.

Learn More About Our CAM Program

For more information about the CAM Program, please see our CAM Online Course Information page at CAM.uk

CAM (Central Committee for Professional Standards)

Chichester Branch for Advanced Materials

The Centre for Advanced Materials (CAEM) provides a comprehensive, independent body dedicated to the development, application and implementation of advanced materials to meet our needs for quality products, services and manufacturing. We are funded by industry, the local community, charities, industry and governments, with the support of our local councils, manufacturers and government agencies.

CAEM can identify and support key stakeholders in the industry, the CAM has many members from various disciplines, including the Royal Society, the Professional Standards, the UK Council for Chemistry, the Royal College of Dental Engineers, the UK Medical Association and and the Department of Chemistry.

Learn More About The CAAM CAM Online Course Information page

The Centre for Advanced Materials (CAM) has partnered with several groups including the International Quality Assurance Associations (QSI), the European Institute of Mechanical Engineers (EIEM), the University of Basel, and the European Commission.

These organisations recognise and work with CAM and offer a range of expertise and experience to our programme participants. With more than 1,500 members, CAM and the Centre for Advanced Materials support a national target of around 15,400 people per week by offering a range of courses to students.

Learn More About The CAM Online Course Information Page

Want to read more of our research? If you have questions about how CAM works, how you can contribute to our community or provide feedback, you can use these links:

http://cam.uk/

*To read more detailed information about CAM, please contact the CAM Research Committee about the CAM programme.

• working on design and design solutions that are based on a wide range of applications from the aerospace, defence and business sectors to the public service, defence, industry (including aviation); • building and maintaining high-value public infrastructure and a robust infrastructure for

Among recent forecasts for the sector, Oxford Economic Forecasting has suggested that the UK aerospace industry will grow by just over 8% per annum over the period from 2003 to 2008. A large part of the momentum behind this growth comes from the Maintenance, Repair and Overhaul (MRO) sector. This is a consequence of the emergence of a large number of low-cost carriers throughout Europe, as well as consolidation and increased outsourcing among the larger carriers. Increasing demand for air travel underpins this growth, despite high global oil prices. Air transport movements at UK airports increased by 5% from January 2005 to January 2006.

Rising passenger numbers have prompted growing concerns about the environmental impact of aviation. The UKs Sustainable Aviation strategy, based on partnership between government and industry, is considered a pioneering approach in this area. Government-backed research into Environmentally Friendly Engine designs demonstrate an emerging demand for low-emission technologies.

Market DataThe UKs aerospace industry is currently the second largest in the world with a turnover in 2004 of $31.8 billion, equivalent to around 13% of the worldwide aerospace market. The global defense market continues to be an important driver of the UK aerospace sector. Defense-related sales to customers in the UK and overseas accounted for $16.2 billion or 50.9% of total aerospace revenues. In addition to major UK defense aerospace projects coming on stream, defense exports fuelled demand, increasing by 8.9% between 2003 and 2004. In the same period, civil aerospace sales increased very slightly (0.2%), the first such growth since 2001.

The industry is, to an increasing extent, export-oriented. No less than 65% of aerospace sales in 2004 were export-related, generating export revenues of $20.6 billion. One-third of these exports were destined for markets in North America, the industrys second-largest export customer after the European Union.

The U.S. is by far the single largest source of aerospace imports into the UK. In 2005, U.S. companies exported $5.2 billion in aerospace products and parts to the UK, the highest level since 2001. Aircraft, propulsion, and aircraft parts comprise the great majority of these exports.

U.S. Exports to the UK 2005 ($ Million)Aircraft Parts1,734Aircraft Engine Parts1,273Aircraft1,087EnginesOther AerospaceSource: U.S. Department of CommerceBest ProspectsBroadly speaking, the UK aerospace industry can be divided into five sectors: aircraft systems and frames (46% of turnover in 2003); aircraft equipment (25%); aircraft engines (22%); missiles (5%); and space (2%). Within these sectors, the UK is home to some of the worlds leading manufacturers of aircraft engines, avionics, in-flight refueling systems, and ejector seats.

The development of new aircraft, not least the Airbus A380 and A350, additionally create certain opportunities for aircraft equipment suppliers. UK firms have significant involvement in both programs, as well as the Boeing 787. The Bombardier CSeries also potentially includes substantial UK content, though the future of this design is currently under review by the company. Some of the work on these projects reflects growing UK expertise in composites and specialist materials, an area highlighted by the government as key to the future competitiveness of the industry.

The Aerospace Innovation and Growth Team (AeIGT), a joint government and industry initiative, has identified engine technology as a key prospect for the UK. The importance of propulsion also has been underlined by the launch of a Sustainable Aviation strategy for the UK, which again was endorsed both by the government and private industry. This sets specific targets for the reduction of engine emissions over the

Get Your Essay

Cite this page

Uk Aerospace Industry And Worldwide Aerospace Market. (October 7, 2021). Retrieved from https://www.freeessays.education/uk-aerospace-industry-and-worldwide-aerospace-market-essay/