United Kingdom: Spacecraft Market 2025

Spacecraft Market Size in the UK

For the third consecutive year, the UK spacecraft market recorded decline in sales value, which decreased by -99.6% to $X in 2022. Over the period under review, consumption recorded a precipitous decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Spacecraft Production in the UK

In value terms, spacecraft production rose sharply to $X in 2022 estimated in export price. Overall, production showed prominent growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 280% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Spacecraft Exports

Exports from the UK

In 2022, shipments abroad of civil spacecraft, satellites and launch vehicles increased by 14,566% to X units for the first time since 2018, thus ending a three-year declining trend. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spacecraft exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for spacecraft exports from the UK, with a 91% share of total exports. It was followed by Hong Kong SAR (X units), with a 2.9% share of total exports. The third position in this ranking was taken by Ireland (X units), with a 1.6% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+760.1% per year) and Ireland (+151,550.0% per year).

In value terms, France ($X) emerged as the key foreign market for civil spacecraft, satellites and launch vehicles exports from the UK, comprising 89% of total exports. The second position in the ranking was held by Germany ($X), with a 0.5% share of total exports. It was followed by Hong Kong SAR, with a 0.1% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-29.2% per year) and Hong Kong SAR (+101.2% per year).

Export Prices by Country

The average spacecraft export price stood at $X per unit in 2022, falling by -81.1% against the previous year. In general, the export price saw a precipitous decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 352%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Ireland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+24.7%), while the prices for the other major destinations experienced a decline.

Spacecraft Imports

Imports into the UK

After three years of decline, overseas purchases of civil spacecraft, satellites and launch vehicles increased by 11,983% to X units in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2018 when imports increased by 12,545%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, spacecraft imports skyrocketed to $X in 2022. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 150,398% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) was the main spacecraft supplier to the UK, accounting for a 93% share of total imports. Moreover, spacecraft imports from Belgium exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+50.0% per year) and Italy (-65.9% per year).

In value terms, the United States ($X) constituted the largest supplier of civil spacecraft, satellites and launch vehicles to the UK, comprising 40% of total imports. The second position in the ranking was held by Belgium ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +53.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (0.0% per year) and Italy (-77.8% per year).

Import Prices by Country

In 2022, the average spacecraft import price amounted to $X per unit, shrinking by -91.6% against the previous year. In general, the import price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the average import price increased by 2,473%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+2.6%).

Source: IndexBox Platform

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