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Aerospace Engineering Services Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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:

  • Hardware
  • Software
     

Breakup by Service:

  • Design and Engineering
  • Manufacturing Support
  • Security and Certification
  • After-Market Services
     

Breakup by Location:

  • On-Shore
  • Off-Shore
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • 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


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