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.
UK Defense Market Leaders
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Lockheed Martin Corporation
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Airbus SE
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BAE Systems plc
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Leonardo S.p.A.
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THALES
*Disclaimer: Major Players sorted in no particular order
