2016 has been another very good year for the aerospace industry. At the Farnborough Airshow alone [they] saw US$123.9 billion of deals recorded. The global A&D market continues to enjoy huge revenue momentum, with historically high backlogs for Tier 1 suppliers, and the industry has to try to keep up with this demand.
Airbus and Boeing are now at the point where they are no longer competing in the same way. There are now too many orders for both combined, and the new battleground moving into 2017, will be fought in their factories, as they race to see who can increase production rates to match their commitments. To tackle this, Boeing and Airbus have targeted 25-30% increases in production. Keeping pace with this will be a significant challenge for both companies and their supply chains, and we are seeing a huge drive for innovations that can support progress here.
But this is far from the only obstacle that the industry faces in 2017 and beyond. In this article, the author will also explore developments that are happening in the aftermarket, how technology is transforming this and the manufacturing side of aerospace, as well as potential new entrants from the far East that could transform the market in decades to come.
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Aerospace, The Fastener Museum