According to our new research report, canadian aerospace industry future outlook, canada with its cad 22. With record growth in 2017, the 2018 aerospace industry outlook is strong. Aerospace industry email list aerospace industry mailing. On a solid profitable growth path 2018 global aerospace. Pdfmaker addin for outlook 2016 microsoft community. Our aerospace and defense practice our aerospace and defense team brings innovative thinking and executable strategies to.
Prior to his current role, he spent 22 years at the neptec design group, a space flight engineering company renowned for its work with nasa, including six years as president and ceo. Industry overview growth with an anticipated cagr of 5. Boeing resumes max deliveries in early 2020 our current base case assumes boeing receives approval from at least the faa to resume deliveries of the max by january 2020. Pdf the philippines in the aerospace global value chain. Global aerospace outlook 2015 informing uk aerospace. Uk aerospace outlook report 2017 posted on june 14, 2017 by nicholas altham the uks aerospace industry is making a major contribution to continued growth and prosperity in every part of the country, setting an example to follow in boosting productivity and competing successfully around the world. Moreover, bae announced earlier this year that its engineers had manufactured and flown a 3d printed metal part for the first time onboard a tornado fighter jet. Commercial aerospace structural growth and threats. Despite some global trade uncertainties created as a result of the u.
Aerospace and defense organizations to growth their business, defend their markets and secure competitive advantages. Market share the boeing company is the leading company i the field of aerospace has been investigated for millennia, but modern aerospace began with the first. In october 2014, we conducted a second survey of senior executives from aerospace and defense companies around the globe to take the pulse of the industry and its outlook for the next three years. Iain christie is the executive vice president at the aerospace industry association of canada. Aerospace is one of the 16 broad zacks sectors within the zacks industry classification. What is the version of pdfmaker addin installed before enabling pdfmaker make sure it is compatible with outlook 2016. The lions share of the aerostructure market is captive for aircraft oems. June 2017 the aerospace and defense company is charting a course to software and services, focusing on creating new datadriven models to complement its hardware platforms. But learning what factors are affecting the industry moving forward will help you to target your priorities to align with the most important drivers of growth in 2018 and beyond. Jun 14, 2017 uk aerospace outlook report 2017 posted on june 14, 2017 by nicholas altham the uks aerospace industry is making a major contribution to continued growth and prosperity in every part of the country, setting an example to follow in boosting productivity and competing successfully around the world. This paper presents an industrial view on the use of additive manufacturing for production of aircraft components and provides research examples that show the direction of related development. Dec 12, 2017 the 2018 outlook is favorable for the defense and aerospace industries, although pentagon acquisition reform could pressure contractors, says a new report.
However no warranty condition or representation of any kind is made, given or implied in. This is due mainly to the use of more efficient air and spacecraft, the streamlining of airplane routes and improving technologies. Aerospace industry outlook implications for composite. Aviation industry outlook, insights, trends, analysis. Exports in the industry continue to increase, having jumped 26% from 2012 to 2017. Aerospace and defense industry outlook april 2017 april 5. Aerospace manufacturers are highly dependent on sales to airlines and the government, especially the u. This report will focus principally on the civiliancommercial aerospace. Rating trends across the global aerospace and defense industry have remained stable on increased defense spending in the u. Aerospace lauded as the aerospace city of the future, singapore boasts one of asias largest and most diverse ecosystems with over aerospace players. Increase in deliveries bodes well for aerospace outlook. The industry is a source of wellpaid jobs and maintains a large trade surplus. More than onethird of the respondents are clevel executives, while most others hold positions as senior vice. Pwcs team of aerospace and defense specialists help you forecast issues and chart new territory despite turbulent times.
This past year offered a fair share of intrigue in aerospace, from first flights to notable mergers and acquisitions and partnership deals. Industry participants are expected to somewhat temper aggressive shareholder return initiatives, and merger and acquisition activity is expected to continue. This is especially true for commercial aerospace companies and. Rating trends across the aerospace and defense industry remain mostly stable, supported by increased defense spending in the u. Whats the employment outlook in the aerospace industry. The recent reductions in oil price appear to be longterm trends, which will reduce the drive for flight efficiency. Anyone looking for a slowdown in 2018 is probably going to be disappointed, because our little world of big ideas has a lot going on, and savvy aerospace marketers will stay on top of and ahead of it all. Sep 14, 2016 aerospace manufacturing is one of the few manufacturing industries where the u. It remains a global success story, with increasing numbers of high skill, high value jobs and rising exports. Aerospace is further subdivided into three industries at the expanded level. We also host a growing satellite industry with more than 30 firms, which includes leading players like ses and inmarsat and space startups like astroscale. January 1, 2019 a set of paradigm shifts is forcing companies to. While the defense sector has continued to soar, growth in the commercial aerospace. High demand creates growth in aerospace industry the combined results of a strong global growth of both passenger and freight air transport demand followed by strong demand for new aircraft and increasing competition between aircraft manufacturers should point to a robust aerospace market for years to come.
Potentially, additive manufacturing has huge upside for the aerospace and defence industry. Production workers in the aerospace industry earn higher pay than the average for all industries. Aerospace manufacturing is one of the few manufacturing industries where the u. Industry overview and prospects congressional research service 1 introduction like other manufacturing industries, the worldwide recession is weighing heavily on aerospace manufacturing. Forecasted 2020 percentage of canadian workforce in the aerospace industry 92 figure 61. Hi don, thank you for posting your query in microsoft office community. There is hardly a company in the sector that is not looking to diversify its products and services into other adjacent verticals. The aviation industry is witnessing a great transformation amidst increasing significance of environmental awareness and green power. The uks aerospace industry has delivered another year of growth. Global aerospace market outlook and forecast october, 2010 aiac phase 3 report. Global aerospace outlook 2015 informing uk aerospace disclaimer reasonable efforts have been taken to ensure the accuracy of the content of this document.
While the defense sector has continued to soar, growth in the commercial aerospace sector has slowed. Aerospace industry outlook implications for composite demand. The first major demographic trend is the retirement of the baby boom generation. Bombardier commercial aircraft market forecast 20142033. The economic slowdown has had a negative impact on the industrys growth in 2009 with aircraft and parts orders cancellation from the us and the eu markets. We help find opportunities within the key trends shaping your industry. The average salary in the aerospace industry is 44% above the national average. Aerospace manufacturers are highly dependent on sales to airlines and the government, especially the. The impact of the economic collapse in 2008 has weighed heavy on. The aerospace industry mailing list contains the names and contact details of all the decision makers and practitioners flying aircraft, designing aircraft, and encompassing the atmosphere. Navigate the storyboard tabs and hover or click on the graphics to interact with the workbook for a detailed look at the future of the aviation market. Dec 05, 2016 despite some global trade uncertainties created as a result of the u.
However no warranty condition or representation of any kind is made, given or implied in any case as to the sufficiency, accuracy or fitness for purpose of such. Employment in the aerospace industry is expected to be mostly stagnant between 2012 and 2022. Employment in the aerospace products and parts manufacturing industry is expected to decrease by 18 percent over the 20022012 period, compared with the 16percent growth projected for all industries combined. Fueled by a huge surge in stock prices, the aviation industry is showing signs of great future with conglomerates planning billions of investment, rise of batteryfueled and electric jet planes and the emergence of commercial space travel. Aerospace is further subdivided into three industries at.
The defense sector has sustained its growth in 2019 as security threats have intensified. Our aerospace and defense practice our aerospace and defense team brings innovative thinking and executable strategies to the complex challenges you face. The 2018 outlook is favorable for the defense and aerospace industries, although pentagon acquisition reform could pressure contractors, says a new report. This growth rate is expected to be driven by the commercial segment due to a more positive economic outlook, rising income levels and the booming commercial aviation segment. The outlook for 3d printing in aerospace and defence defence iq. On a solid profitable growth path 2018 global aerospace and. Industry top trends 2018 aerospace and defense overview ratings outlook. Aerospace industry report aerospace industry association. Trends that will transform the aerospace industry outlook. Aerospacedefense sector outlook improving despite global.
1012 502 185 403 179 1203 1008 1525 932 1195 1343 906 1462 888 1425 1053 949 752 795 990 73 1320 31 981 1100 96 1258