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The global aerospace industry is booming, with an estimated annual turnover of around $838 billion. The UK aerospace industry alone employs 95,000 people and exports 90% of what it produces. The largest aerospace manufacturing companies in the market include Boeing, Airbus, BAE Systems and Rolls-Royce. The industry largely operates within a climate of positivity currently, with an increasing demand for air travel, a backlog in aircraft orders, recovery in global Gross Domestic Product (GDP) growth, stable commodity prices and huge growth in emerging markets predicted over the coming decades. Research suggests that traffic in the Asia-Pacific region will increase three-fold by 2036 to become the world’s biggest air travellers. Challenges do exist however, including geopolitical issues, natural disasters and parts shortages.
If you work in the aerospace industry for an OEM, Tier 1, 2 or 3 supplier, Process Industry Forum brings you all the latest news regarding aerospace engineering, technology and business developments. Keep up to date with the latest trends, innovations and challenges affecting the aerospace industry. From predictive maintenance to big data, cyber security to the advanced manufacturing technology and processes fuelling the rise in advanced aircraft designs and the subsequent impact on supply chains, Process Industry Forum has all the big issues covered. Our incisive, finger-on-the-pulse journalism will keep you right up to date with all the ground-breaking news stories, legislation and technological advancements pertinent to aerospace manufacturing today.