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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.
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.
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:
Breakup by Location:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|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
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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)|
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