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Manufacturing Technology Insights | Wednesday, February 16, 2022
The outlook for commercial air travel and customer activity is optimistic. In addition, trends in the aerospace and defense (A&D) industry are looking up—a positive sign for the industry.
FREMONT, CA: The defense and aerospace industry is set to develop new technologies and solutions, create new markets, and expand growth opportunities in the next 12 months. Below are seven trends that will drive new opportunities:
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1. Innovative Deployment of Smart Factory and Digital Thread to Drive Efficiencies
An A & A&D product’s end-to-end life cycle is connected by a digital thread, collecting live feedback from the initial design to the final product. These insights help speed up the time to market, reduce overall service costs, and meet customers’ ever-changing demands. Similarly, more industry players will likely connect their machines, people, data, and value chains to build and scale smart factory networks.
2. Improvement in Air Travel to Drive Focus on Digital Innovation for Growing Aftermarket Revenues
Improving engineering data visibility and production by digital platforms, plus maintenance and other service offerings, could help aerospace manufacturers enhance customer experience and gain a competitive edge.
3. Leveraging Innovation by Defense Contractors for Building Advanced Military Capabilities
Defense companies should also emphasize building their capabilities in fighter aircraft, shipbuilding, space resilience, and cybersecurity to drive growth.
4. Accelerating Growth in the Space Market Through Innovation
Developments in three core areas—the launch industry, satellite trends, and new technology—will push growth in space-based services to offer tangible value for businesses, society, and consumers. In addition, innovation should continue to go down the cost to access low-Earth orbit (LEO).
5. AAM Companies to Start Adopting New Innovative Business Models
Advanced air mobility (AAM) boosts momentum, especially as companies developing electric vertical takeoff and landing (eVTOL) aircraft continue to receive funding. In addition, government agencies are taking leading roles in key research and policy areas.
6. Encourage Decarbonization Through Innovative Technologies and Solutions
Technological and operational improvements and developing new systems and alternatives to jet fuel to reduce emissions significantly should be the industry's top priority. Sustainable manufacturing will see an increased focus across the value chain.
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