The way Aerospace and Defense firms service their customers, engage with partners, and bring ideas and solutions to the market is changing rapidly due to new market forces. The cost of numerous raw materials and other input expenditures is increasing, reducing the industry’s profitability. Limited capacity is one of the challenges that aerospace engineers encounter. As aerospace firms grow, engineers frequently find themselves competing for local shop capacity, raising costs as demand grows. Delays and expenses increase as a result of these capacity issues. To stay afloat, aerospace manufacturers must evaluate the need to minimize expenses and enhance efficiency.
Digitization of Manufacturing (DOM) will significantly change the aerospace manufacturing process and its product lifecycle. One of the major themes around which aerospace firms and startups must develop their future strategies will be Industry 4.0. Certain components of it can already be visible, as evidenced by the rise of IoT, 3D printing, and Big Data as key fields influencing market dynamics in the aerospace industry. These will have a significant impact on how businesses operate in the aerospace industry and aid in aerospace manufacturing evolution.
To address capacity issues, aerospace manufacturers can adopt additive manufacturing as the production method and 3D printing methods such as direct metal laser sintering. Manufacturers that diversify their supply chains by adding new manufacturing facilities can also boost innovation while lowering expenses.
At this juncture, various aerospace manufacturing solution providers are entering the market to cater to the diverse needs of enterprises. To help them choose the solution that best fits their requirement, CIOReview has compiled a list of the most promising aerospace manufacturing solution providers. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for aspiring CIOs.
We present to you CIOReview’s ‘Top 10 Aerospace Manufacturing Solution Providers - 2021’.
