Market Overview:
The global aerospace engineering services market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for new aircraft and rising passenger traffic across the globe. In addition, the increasing adoption of digital technologies in the aerospace industry is also contributing to the growth of this market. The global aerospace engineering services market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into new product development, design support, software engineering, and process engineering. New product development is expected to witness highest growth duringthe forecast period owingto increased demand for new aircrafts across different regions worldwide. Design support services are also anticipatedto grow at a significant rate due tobusiness expansion by existing players in various regionsand introductionofnew products by start-ups in this domain overthe next few years .
Product Definition:
The term "aerospace engineering services" generally refers to the provision of engineering design and analysis services for aircraft, spacecraft, missiles, and related systems. The importance of aerospace engineering services in airlines is that they are responsible for ensuring that all aircraft meet safety requirements and perform as intended. Additionally, they may be involved in the development of new aircraft or modifications to existing ones.
New Product Development:
New Product Development (NPD) is a phase in which a company develops new products and services. It's major goal is to introduce new and differentiated products in the market with an aim to increase its market share. NPD has been growing significantly over the past few years, owing to technological advancements, globalization of businesses, rise of internet marketing etc., which has led aerospace engineering service providers into uncharted territories.
Design Support:
Design support is a tool that helps in reducing the time and cost required to develop a product or solution. It provides comprehensive documentation of the design, which includes all the inputs and outputs. The main objective of this service is to provide an exhaustive list of requirements along with their complete description so that it can be used by any person involved in designing or developing any part/product for another company. This service also covers all aspects including electrical, mechanical, software etc.
Application Insights:
The commercial aerospace engineering services in airlines market, by application, is segmented into passenger travel and logistics. The passenger travel segment dominated the overall industry with a revenue share of over 60% in 2017. The growth can be attributed to increasing air travelers across the globe coupled with rising disposable income levels among consumers. Furthermore, governments around the world are making efforts to increase tourism which will further boost demand for aircrafts and related services over the forecast period.
The industry has witnessed significant advancements in recent years owing to technological developments such as Global Positioning System (GPS) navigation and inertial navigation systems that have revolutionized its operations at an operational level by providing accurate information about location which is crucial for all aircraft movements including take-off and landing procedures.
Regional Analysis:
North America accounted for the largest revenue share in 2017. The region is expected to continue its dominance over the forecast period owing to increasing investments by airlines in aircraft maintenance, modification and new product development activities. Europe aerospace engineering services market is anticipated to grow at a significant rate over the forecast period owing to increasing demand from manufacturers of components and systems used in commercial aircraft manufacturing.
Asia Pacific regional market for aerospace engineering services is projected to exhibit a CAGR of XX% during the same period, on account of rapid growth experienced by emerging economies such as India and China. In addition, expansion plans laid out by major airlines including Singapore Airlines Ltd., Malaysia Airlines Berhad (MAS), Garuda Indonesia, Air India Express Limited are likely drive regional growth over next few years.
Growth Factors:
- Increasing demand for air travel: The global airline industry is expected to grow at a CAGR of 5.8% during the forecast period, owing to the increasing demand for air travel. This will create opportunities for aerospace engineering services in airlines market.
- Technological advancements: The aviation sector is witnessing rapid technological advancements, which is resulting in the development of new and innovative aircrafts. This will create opportunities for aerospace engineering services providers in the market.
- Expansion of low-cost carriers: There has been a significant expansion of low-cost carriers (LCCs) across the globe in recent years, owing to their affordable fares and convenience offered to passengers travelling on short-haul routes. This is expected to drive demand for aerospace engineering services in airlines market over the forecast period..
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Engineering Services in Airlines Market Research Report
By Type
New Product Development, Design Support, Software Engineering, Process Engineering
By Application
Commercial, Industrial
By Companies
Altran, Alten Group, AVL, Tata Consultancy Services Limited, Accenture PLC, Wipro Limited, Thompson Aero Seating Ltd., Akka Technologies, Happiest Minds Technologies, HCL Technologies Limited, International Business Machines Corporation, Capgemini
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Engineering Services in Airlines Market Report Segments:
The global Aerospace Engineering Services in Airlines market is segmented on the basis of:
Types
New Product Development, Design Support, Software Engineering, Process Engineering
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Altran
- Alten Group
- AVL
- Tata Consultancy Services Limited
- Accenture PLC
- Wipro Limited
- Thompson Aero Seating Ltd.
- Akka Technologies
- Happiest Minds Technologies
- HCL Technologies Limited
- International Business Machines Corporation
- Capgemini
Highlights of The Aerospace Engineering Services in Airlines Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- New Product Development
- Design Support
- Software Engineering
- Process Engineering
- By Application:
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Engineering Services in Airlines Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace engineering services are a type of service that airlines offer to their customers. These services include designing, building, and maintaining aircraft.
Some of the major companies in the aerospace engineering services in airlines market are Altran, Alten Group, AVL, Tata Consultancy Services Limited, Accenture PLC, Wipro Limited, Thompson Aero Seating Ltd., Akka Technologies, Happiest Minds Technologies, HCL Technologies Limited, International Business Machines Corporation, Capgemini.
The aerospace engineering services in airlines market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Engineering Services in Airlines Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Engineering Services in Airlines Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Engineering Services in Airlines Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Engineering Services in Airlines Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Engineering Services in Airlines Market Size & Forecast, 2018-2028
4.5.1 Aerospace Engineering Services in Airlines Market Size and Y-o-Y Growth
4.5.2 Aerospace Engineering Services in Airlines Market Absolute $ Opportunity
Chapter 5 Global Aerospace Engineering Services in Airlines Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aerospace Engineering Services in Airlines Market Size Forecast by Type
5.2.1 New Product Development
5.2.2 Design Support
5.2.3 Software Engineering
5.2.4 Process Engineering
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aerospace Engineering Services in Airlines Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aerospace Engineering Services in Airlines Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Engineering Services in Airlines Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Engineering Services in Airlines Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aerospace Engineering Services in Airlines Analysis and Forecast
9.1 Introduction
9.2 North America Aerospace Engineering Services in Airlines Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aerospace Engineering Services in Airlines Market Size Forecast by Type
9.6.1 New Product Development
9.6.2 Design Support
9.6.3 Software Engineering
9.6.4 Process Engineering
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aerospace Engineering Services in Airlines Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aerospace Engineering Services in Airlines Analysis and Forecast
10.1 Introduction
10.2 Europe Aerospace Engineering Services in Airlines Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aerospace Engineering Services in Airlines Market Size Forecast by Type
10.6.1 New Product Development
10.6.2 Design Support
10.6.3 Software Engineering
10.6.4 Process Engineering
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aerospace Engineering Services in Airlines Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aerospace Engineering Services in Airlines Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aerospace Engineering Services in Airlines Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aerospace Engineering Services in Airlines Market Size Forecast by Type
11.6.1 New Product Development
11.6.2 Design Support
11.6.3 Software Engineering
11.6.4 Process Engineering
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aerospace Engineering Services in Airlines Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aerospace Engineering Services in Airlines Analysis and Forecast
12.1 Introduction
12.2 Latin America Aerospace Engineering Services in Airlines Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aerospace Engineering Services in Airlines Market Size Forecast by Type
12.6.1 New Product Development
12.6.2 Design Support
12.6.3 Software Engineering
12.6.4 Process Engineering
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aerospace Engineering Services in Airlines Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aerospace Engineering Services in Airlines Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aerospace Engineering Services in Airlines Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aerospace Engineering Services in Airlines Market Size Forecast by Type
13.6.1 New Product Development
13.6.2 Design Support
13.6.3 Software Engineering
13.6.4 Process Engineering
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aerospace Engineering Services in Airlines Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Engineering Services in Airlines Market: Competitive Dashboard
14.2 Global Aerospace Engineering Services in Airlines Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Altran
14.3.2 Alten Group
14.3.3 AVL
14.3.4 Tata Consultancy Services Limited
14.3.5 Accenture PLC
14.3.6 Wipro Limited
14.3.7 Thompson Aero Seating Ltd.
14.3.8 Akka Technologies
14.3.9 Happiest Minds Technologies
14.3.10 HCL Technologies Limited
14.3.11 International Business Machines Corporation
14.3.12 Capgemini
