This briefing examines how the aerospace industry is performing globally and in the largest countries in terms of aircraft production. The report also provides data for production, market size, imports, exports, industry costs, industry profitability and number of companies. The industry and market overview provide benchmarks against other countries in the region.
This report comes in PPT.
Aerospace manufacturers are expected to further increase their focus on the Asia Pacific region by strengthening production and increasing collaboration with domestic suppliers. In addition, Asia Pacific countries continue to develop their own aircraft programmes, such as COMAC in China, which will provide growth opportunities for multinational companies.
Current aerospace technologies are approaching the end of their lifecycles. Aerospace companies are expected to increase investment in the modernisation of engine and flight control technologies in order to meet changing airline preferences and environmental regulations. Despite efforts being made, the modernisation process has proven to be quite slow, and supply disruptions will further add to the challenge.
Changes in the aircraft maintenance, repair and operations (MRO) industry are forecast to accelerate, as airlines will require more efficient maintenance solutions. Aerospace companies are expected to increase their investment in new monitoring and smart maintenance technologies which help to reduce complexity, and save time and costs for airlines. Smart materials is another key focus area for aerospace technologies. New materials and manufacturing methods, such as 3D printing, will help to manufacture more complex components at a lower cost.
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