UK aviation industry is expected to see a CAGR of 3.3% during the period (2019-2025). The aviation sector contributes significantly to boosting economic activity in UK. According to the IATA, in 2019, this sector provided 1.56 million jobs, and $110 billion of gross value to the GDP, which accounts for 4.5% of UK GDP. Due to the COVID-19 pandemic, the UK aviation industry significantly impacted, affecting passenger traffic, air cargo demand, airport workforce, and incoming revenues. According to the World Bank, 124 million and 165 million people traveled by air in UK in 2014 and 2018 respectively, with an increase of 33% in air traffic.

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UK aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. The cargo airline segment in North America is showing the highest CAGR of 4.8% during the forecast period.

Virgin Atlantic, British Airways, Easy Jet, and Jet2.com are among the major airlines that are operating their businesses in the country. Amid the COVID-19 pandemic, all the booked tickets were canceled or rescheduled, the staff was allowed to work from home and the airports were shut down. The shutdown of the airports and ban on air travel had created a deviation in the earlier forecasted number related to the aviation industry. Several annual air passengers, demand new airplanes their parts, staff, and so on are the major parameters that are being affected by the spread of the COVID-19 pandemic.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the UK aviation industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of different regions and countries and the effect of COVID-19 on the aviation industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of UK aviation industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting UK aviation industry.
• Insights about market determinants which are stimulating UK aviation industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.