Market Overview:
The global aerospace engineering services outsourcing market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Aerospace engineering involves designing, developing, testing, and producing aircraft, spacecraft, and associated systems and equipment. It relies on computer-aided design (CAD) systems for quick and simple drafting and modification of designs and 3D visualization of completed parts and assemblies. It assists in developing cutting-edge technologies and integrating them into aerospace vehicle systems, which are used for defense, transportation, communications, and exploration applications. At present, there is a rise in the demand for aerospace engineering services outsourcing (ESO) as the aerospace industry is facing numerous challenges, such as cost pressures, shortage of skilled resources, and an aging workforce.
Aerospace Engineering Services Outsourcing Market Trends:
The escalating demand for aircraft represents one of the key factors driving the market. Moreover, aerospace companies are outsourcing an increasing number and volume of designing and manufacturing-related services to reduce their operational costs. This, along with the rising number of partnerships between original equipment manufacturers (OEMs) and service providers for leveraging cost-effective access to domain-specific technical expertise and higher production capacities, is propelling the growth of the market. In addition, there is an increase in the utilization of innovative technologies and digital devices in the aerospace industry across the globe. As a result, there is a demand for specialized engineering skills and expertise, which can be challenging to acquire, retain, and develop internally. This, in turn, is contributing to the growth of the market. Besides this, the increasing air travel, coupled with the growing investments in the military and civil aviation sectors, is positively influencing the market. Apart from this, the rising demand for aerospace ESO for maintenance, repair and overhaul services (MROs), augmented reality (AR)-based or virtual reality (VR)-based training, and asset tracking and management is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global aerospace engineering services outsourcing market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, service and location.
Breakup by Component:
Breakup by Service:
- Design and Engineering
- Manufacturing Support
- Security and Certification
- After-Market Services
Breakup by Location:
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Akka Technologies (Adecco Group), Altair Engineering Inc., ALTEN Group, Bertrandt AG, Capgemini Engineering (Capgemini SE), Edison Welding Institute, Honeywell International Inc., L&T Technology Services Limited (Larsen & Toubro Limited) and Lisi SA.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Component, Service, Location, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Akka Technologies (Adecco Group), Altair Engineering Inc., ALTEN Group, Bertrandt AG, Capgemini Engineering (Capgemini SE), Edison Welding Institute, Honeywell International Inc., L&T Technology Services Limited (Larsen & Toubro Limited) and Lisi SA. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global aerospace engineering services outsourcing market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global aerospace engineering services outsourcing market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the service?
- What is the breakup of the market based on the location?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global aerospace engineering services outsourcing market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aerospace Engineering Services Outsourcing Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Service
7.1 Design and Engineering
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Manufacturing Support
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Security and Certification
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 After-Market Services
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Location
8.1 On-Shore
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Off-Shore
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Akka Technologies (Adecco Group)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Altair Engineering Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 ALTEN Group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Bertrandt AG
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Capgemini Engineering (Capgemini SE)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Edison Welding Institute
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Honeywell International Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.8 L&T Technology Services Limited (Larsen & Toubro Limited)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 Lisi SA
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
List of Figures
Figure 1: Global: Aerospace Engineering Services Outsourcing Market: Major Drivers and Challenges
Figure 2: Global: Aerospace Engineering Services Outsourcing Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Aerospace Engineering Services Outsourcing Market: Breakup by Component (in %), 2021
Figure 5: Global: Aerospace Engineering Services Outsourcing Market: Breakup by Service (in %), 2021
Figure 6: Global: Aerospace Engineering Services Outsourcing Market: Breakup by Location (in %), 2021
Figure 7: Global: Aerospace Engineering Services Outsourcing Market: Breakup by Region (in %), 2021
Figure 8: Global: Aerospace Engineering Services Outsourcing (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Aerospace Engineering Services Outsourcing (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Aerospace Engineering Services Outsourcing (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Aerospace Engineering Services Outsourcing (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Aerospace Engineering Services Outsourcing (Design and Engineering) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Aerospace Engineering Services Outsourcing (Design and Engineering) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Aerospace Engineering Services Outsourcing (Manufacturing Support) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Aerospace Engineering Services Outsourcing (Manufacturing Support) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Aerospace Engineering Services Outsourcing (Security and Certification) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Aerospace Engineering Services Outsourcing (Security and Certification) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Aerospace Engineering Services Outsourcing (After-Market Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Aerospace Engineering Services Outsourcing (After-Market Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Aerospace Engineering Services Outsourcing (On-Shore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Aerospace Engineering Services Outsourcing (On-Shore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Aerospace Engineering Services Outsourcing (Off-Shore) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Aerospace Engineering Services Outsourcing (Off-Shore) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: United States: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: United States: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Canada: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Canada: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Asia-Pacific: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Asia-Pacific: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: China: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: China: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Japan: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Japan: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: India: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: India: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: South Korea: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: South Korea: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Australia: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Australia: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Indonesia: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Indonesia: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Others: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Others: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Europe: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Europe: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Germany: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Germany: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: France: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: France: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: United Kingdom: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: United Kingdom: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Italy: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Italy: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Spain: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Spain: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Russia: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Russia: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Latin America: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Latin America: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Brazil: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Brazil: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Mexico: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Mexico: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Middle East and Africa: Aerospace Engineering Services Outsourcing Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Middle East and Africa: Aerospace Engineering Services Outsourcing Market: Breakup by Country (in %), 2021
Figure 72: Middle East and Africa: Aerospace Engineering Services Outsourcing Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Global: Aerospace Engineering Services Outsourcing Industry: SWOT Analysis
Figure 74: Global: Aerospace Engineering Services Outsourcing Industry: Value Chain Analysis
Figure 75: Global: Aerospace Engineering Services Outsourcing Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Aerospace Engineering Services Outsourcing Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Aerospace Engineering Services Outsourcing Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Aerospace Engineering Services Outsourcing Market Forecast: Breakup by Service (in Million US$), 2022-2027
Table 4: Global: Aerospace Engineering Services Outsourcing Market Forecast: Breakup by Location (in Million US$), 2022-2027
Table 5: Global: Aerospace Engineering Services Outsourcing Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Aerospace Engineering Services Outsourcing Market: Competitive Structure
Table 7: Global: Aerospace Engineering Services Outsourcing Market: Key Players