The Aerospace and Defense industry is marching towards innovation to develop new technologies and solutions, expand growth opportunities, and create new markets. Rapid evolution and commercialization of new technologies and processes is helping improve efficiencies by reducing costs.
Digitalization is crucial for this industry to stay agile in a shifting business environment. Digitizing operations involves applying technology by linking all aspects of aerospace, defense, airports, and space services. Advancements in technologies such as rapid prototyping and space services should drive the growth of the space industry.
This industry experienced increased public pressure, especially in commercial aerospace, to implement environmentally sustainable manufacturing practices and promote a significant shift toward lowering carbon emissions. The industry players are focusing on technological improvements to develop new systems and alternatives to fuel to reduce carbon emissions.
Innovation and Research & Development is at the core of this industry. Our market-leading data and reports provide actionable and customized solutions to stakeholders across the value chain within this industry.