BROWSE THROUGH OUR TRADE FAIRS IN UK FOR DEFENSE INDUSTRY

The United Kingdom, or the UK, is among the leading countries in the global defense industry. This is due to the country featuring a comprehensive, time-honoured and high-value sector. It comprises various types of businesses that represent the entire value chain. They range from manufacturers to service providers. They include suppliers, exporters, importers, distributors, et cetera. Independent contractors, SMEs, and extensive, time-honoured firms represent such sections. This results in an industry that features high turnovers and a significant workforce. For example, the sector has spent a total of 45 900 000 000 GBP in recent years, equating to 2.3% of the country’s GDP. It has generated a turnover of 22 800 000 000 GBP and has reached a market value of 62800000000 USD (49 509 255 328 GBP). It additionally has the third most extensive defense budget globally at 72 000 000 000 USD (56 762 203 561 GBP). This results in the support of around 219 000 direct and indirect work positions. The UK is additionally among the leading innovation hubs of the global industry. This is due to the sector placing a chief focus on researching and instating novel solutions. For example, in recent years, it has invested 1 800 000 000 GBP in research and development. It is also committed to investing at least 4 800 000 000 GBP more in the upcoming years. Additionally, a further 242 000 000 000 GBP are expected to be invested. These will be used for equipment procurement and support as part of its ongoing 10-year plans. Often, the sector displays its latest innovations during annual trade exhibitions. Such events, hosted in diverse cities like London, attract tens of thousands of attendants.