World News: 14:41 GMT Monday 27th May 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, May 27, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
The global commercial aerospace market saw a year of growth in 2018 as the supply chain was pushed to the limits. 2019 is not going to offer any relief for the supply chain as OEMs scramble to capitalize on the strong demand, especially in the APAC region where the market for commercial aircraft is witnessing exploding growth.
One OEM is expected to make a large announcement early next year in terms of a future airframe that will bridge the next-gen airframes to futuristic platforms. Opportunities are evident for suppliers who can keep up with any means possible, as OEMs are exploring vertical integration and joint ventures, and even embedding strategic leadership within supply houses in hopes of securing the desired outcome.Emerging technologies including advanced composite materials, additive manufacturing, digitalization and electrification will continue to disrupt the design and construction of aircraft platforms.Boeing continues to explore a design for customers and end users through efforts to identify the perfect platform to fill the void in mid-market platforms. Airbus, however, contends that this void has already been filled by its higher-end A320 family of jets.This outlook consolidates 2019 projections for aircraft deliveries and tallies up the scorecard from 2018. Global regions are profiled by aircraft type - namely, wide-body, narrow-body and regional jets; airlines; as well as countries that are taking deliveries of new aircraft. Major platforms, including backlog data and lifecycle status, are also profiled.Digitalization in aerospace has grown to a $1.5 billion business impacting every facet of the industry. OEMs, suppliers and third parties are attempting to capture a share of the convoluted array of products. 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 due to outsourcing.
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Related Topics: Commercial Aerospace
Globe Newswire: 14:41 GMT Monday 27th May 2019
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