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The problem here isn't selling planes. It's making planes. The number of overall orders have increased heavily. In the context of high-growth, companies in this sector are faced with a large number of challenges: securing production ramp-ups, integrating new technologies and the digitization of services and processes. Burgeoning competition across space and defense, particularly between the US and Europe, is fostering innovation and investment.
We see three key trends in this sector for the coming years:
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Airlines are struggling to meet capacity and building increasing numbers of aircraft to meet continually-rising consumer demand. Airbus delivered more than 600 aircraft in 2016. Boeing’s worldwide fleet will have more-or-less doubled between 2015 and 2035.
Yet the challenges of ramping up and meeting deadlines are enormous, with airline companies waiting ten years on average between contract and delivery. The costs associated with delays, interruptions or forces majeures can be astronomical.
Meanwhile, we have to organise to face the future. With the market turning from supersize passenger aircraft to mid-size - and airports competing to be passenger hubs - key innovations will come in improving the passenger experience. Mid-air connectivity, cabin layouts and facilitating greater airport capacity will be crucial.
We can provide sophisticated customer services and support across the passenger experience. We can also step in when it comes to Maintenance and Repair Operations, providing research and development for IT services and reviewing and testing new product developments.
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Further up - above the stratosphere - the privatisation of space continues at warp speed. Funding of NASA fell from 4.5% to 0.5% of the Federal Budget in the 50 years to 2014. Private companies are receiving commissions from the Agency to pick up the slack.
The creation of reusable rockets and shuttles for consumer and commercial space activities has escalated over the last five years, launched primarily by the efforts of private enterprise.
The engineering challenges involved in making sustainable, private space programmes are significant, from the design and manufacture of new rockets and passenger modules to the development of new materials to ensure safety and comfort.
We have a global network of close to 30,000 Colleagues with cross-domain expertise in manufacturing engineering and IT services. Our Colleagues can mobilise rapidly to help your business approach the design, testing and roll-out of innovative new designs and products.
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