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COVID-19 Pandemic Rebound Driven by the Model-based Enterprise Creates Growth Opportunities
28-Jan-2021
Global
Market Research
K45E-01-00-00-00
AE01457-GL-MT_25213
The commercial aerospace industry, common to its rich technology history, will be the leading edge in emerging technologies that will continue to shift its trajectory. This study is a deep dive into how the Fourth Industrial Revolution is shaping Aerospace 4.0 and transforming aerospace systems and the aftermarket landscape over the next decade.
The industry saw unprecedented years of growth toward the end of the last decade. This growth exposed weaknesses as the supply chain was pushed to the limits and operators scrambled to attract enough talent to sustain the labor force. The COVID-19 pandemic shook up the industry; as recovery is revealed, winners and losers will emerge and companies that have not addressed these dormant opportunities could perish.
Emerging technologies in aerospace covered in this study include:
• High-tech batteries
• Blockchain
• Wearables
• Big Data and predictive analytics
• Tracking technologies
• Advanced materials
• High-tech coatings
• Additive manufacturing
• Robotics and cobots
• Predictive maintenance
• Smart hangars and smart factories
• Artificial intelligence
• Augmented, virtual, and mixed reality
• Connectivity
• Gamification
• The Industrial Internet of Things
• Holographic and screenless displays
• Digital twins
Digitalization in aerospace has grown to a $1.5 billion business impacting every facet of the industry. OEMs, operators, suppliers, and third parties are attempting to capture a share of the convoluted array of products. The 2020s will be a decade of integration as a focus to a higher level of the business will be needed by all organizations. Gleaning best practices and embedding them into these digital systems will be the key to success.
Joint ventures, consolidations, and outright takeovers have been evident in the past few years as manufacturers embrace vertical integration in hopes of gaining back some control lost because of outsourcing.
Key Issues Addressed
- Which technologies pertain to my business?
- What top opportunities will require focus for business to grow?
- What top trends will drive the commercial aerospace market in the 2020s?
- What impact will these trends have on the market?
- What is the impact of emerging technology market growth?
- What opportunities are available for commercial aerospace vendors (aftermarket and OEMs) in the 2020s?
Author: Timothy Kuder
What You Need to Know First
Trends You Need to Know
COVID-19 Impact on World GDP Growth
COVID-19 Impact on Key Regions
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Commercial Aerospace Industry
Growth Environment
Key Competitors for Commercial Aerospace
Commercial Aerospace Market Segmentation
Disruptive Technologies to Impact Aerospace by 2035
Technology Commercialization and Maturation Timeframe
Key Technologies through 2035
Key Technologies through 2035 (continued)
Key Technologies through 2035 (continued)
Key Technologies through 2035 (continued)
Technology Convergence
Growth Opportunity 1: High-Tech Batteries
Growth Opportunity 1: High-Tech Batteries (continued)
Growth Opportunity 2: Blockchain
Growth Opportunity 2: Blockchain (continued)
Growth Opportunity 3: Wearables
Growth Opportunity 3: Wearables (continued)
Growth Opportunity 4: Big Data and Predictive Analytics
Growth Opportunity 4: Big Data and Predictive Analytics (continued)
Growth Opportunity 5: Tracking Technologies
Growth Opportunity 5: Tracking Technologies (continued)
Growth Opportunity 6: Advanced Materials
Growth Opportunity 6: Advanced Materials (continued)
Growth Opportunity 7: High-Tech Coatings
Growth Opportunity 7: High-Tech Coatings (continued)
Growth Opportunity 8: Additive Manufacturing
Growth Opportunity 8: Additive Manufacturing (continued)
Growth Opportunity 9: Robotics/Cobots
Growth Opportunity 9: Robotics/Cobots (continued)
Growth Opportunity 10: Predictive Maintenance
Growth Opportunity 10: Predictive Maintenance (continued)
Growth Opportunity 11: Smart Hangar/Smart Factory
Growth Opportunity 11: Smart Hangar/Smart Factory (continued)
Growth Opportunity 12: Artificial Intelligence
Growth Opportunity 12: Artificial Intelligence (continued)
Growth Opportunity 13: Augmented/Virtual Reality
Growth Opportunity 13: Augmented/Virtual Reality (continued)
Growth Opportunity 14: Connectivity
Growth Opportunity 14: Connectivity (continued)
Growth Opportunity 15: Gamification
Growth Opportunity 15: Gamification (continued)
Growth Opportunity 16: Industrial IoT
Growth Opportunity 16: Industrial IoT (continued)
Growth Opportunity 17: Holographic and Screenless Displays
Growth Opportunity 17: Holographic and Screenless Displays (continued)
Growth Opportunity 18: Digital Twin
Growth Opportunity 18: Digital Twin (continued)
Growth Opportunity 19: Digitalization and Outcome-based Solutions
Growth Opportunity 19: Digitalization and Outcome-based Solutions (continued)
Growth Opportunity 20: Research, Development, and Innovative Technologies
Growth Opportunity 20: Research, Development, and Innovative Technologies (continued)
Growth Opportunity 21: Lease Return Opportunities
Growth Opportunity 21: Lease Return Opportunities (continued)
Conclusion
Aerospace, Defense, and Security (ADS) Research Areas/Capabilities
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- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
Key Issues Addressed
- Which technologies pertain to my business?
- What top opportunities will require focus for business to grow?
- What top trends will drive the commercial aerospace market in the 2020s?
- What impact will these trends have on the market?
- What is the impact of emerging technology market growth?
- What opportunities are available for commercial aerospace vendors (aftermarket and OEMs) in the 2020s?
Author: Timothy Kuder
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Timothy Kuder |
| Industries | Aerospace, Defence and Security |
| WIP Number | K45E-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9000-A1 |
Disruptive Technologies Transforming the Global Commercial Aerospace Industry Through 2035
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