Growth Opportunity Outlook in the Aerospace & Defense Industry

Top growth opportunities in the Aerospace & Defense program area cover the commercial aviation, spacecraft, unmanned systems, and defense markets. Technologies and services often overlap, and industry participants will have opportunities with civilian and military customers in 2023. The commercial aviation industry is on the rebound, with increasing numbers of passengers and new aircraft orders. Opportunities include the need for fuel-efficient aircraft, managed virtual interlining solutions, and the new concept of unbundled fares for business-class travel. The space market is experiencing tremendous growth, especially in satellite sustainability and information and communications technology (ICT). Many opportunities exist in unmanned systems, driven by last-mile delivery and environmental monitoring. Defense market opportunities for 2023 will focus on Joint All-Domain Command and Control (JADC2), radio frequency positioning, and cloud computing. As with other industries, advances in embedded computing, sensors, artificial intelligence, and mobile networks will provide a variety of new growth opportunities in 2023.