Global Aerospace Market Outlook for Manufacturers
ELK GROVE VILLAGE, IL, July 26, 2022 -
As the aerospace industry continues to recover from the pandemic, companies will look toward leveraging digital solutions, increasing production, and expanding MRO activity.
Trends in commercial air travel have shown a positive increase, working to reach pre-COVID levels. Aircraft manufacturers are focused on small and medium-sized aircraft bodies in order to be in strong positions to benefit from this demand. As such, their suppliers can expect an uptick in parts required for these planes. With air travel demand continuing to grow, the aftermarket could show a solid recovery by the end of 2022.
With air travel moving in a positive trend, this will also drive an increase in aftermarket activity. With higher utilization of aircraft a need for maintenance, repair, and overhaul (MRO) usually directly corresponds. MRO companies should look to optimize their production line and supply chain strategies in order to open new opportunities to expand their business.
Digital is Driving Growth
An increased shift towards digital in order to improve operational efficiencies will continue to be embraced. In doing so, the industry as a whole will gain critical component supply visibility and be able to increase production efficiency. By gaining access to insights and machine actions companies will be able to increase time to market, lower service costs, and be better positioned to meet customer demands. It is crucial for an aerospace business to remain agile during this growth period.
Innovative smart factory technologies will be seen as a main driver of revenue moving into the latter part of 2022 and into 2023. By providing proactive remote monitoring and predictive capabilities, OEMs, airlines, and MRO companies can set themselves apart from the competition. Smart factory capabilities will allow companies to utilize performance data to improve customer engagement, field service efficiency, and open up new growth opportunities.
Leverage Machine Tool Innovation
Shibaura Machine continues to support the aerospace industry as a global leader in precision machine tool solutions. Built specifically with the aerospace market in mind, machines are able to support complex shapes, large part sizes, and difficult-to-cut metals. Options such as built-in rotary tables are also purpose-built to machine large structural aerospace workpieces. Furthermore, by merging existing solutions with our machiNetCloud IIoT solution and advanced manufacturing methods, we are empowering companies to create a smart end-to-end production line while improving supply-chain efficiencies.
Despite significant challenges in the aerospace industry, the outlook is positive. Shibaura Machine is committed to providing innovative solutions to the industry to help rebuild lost revenue, increase operational efficiency, and serve changing market demands as it moves forward.
Contact the Machine Tool Sales Team to learn more.
Related Articles View All Machine Tools Articles
Shibaura Machine Featuring Unique Machine Tools and Industrial IoT Solution at IMTS 2022
ELK GROVE VILLAGE, IL, July 19, 2022 - This year’s International Manufacturing Technology Show (IMTS) is just weeks away (September 12-17 in Chicago). Shibaura Machine Company, America booth #339430 will be highlighting its wide product portfolio and displ...Read more
How 5-Face Cutting Is Expanding Your Double Column Machining Capabilities
ELK GROVE VILLAGE, IL, July 11, 2022 - Manufacturers today are challenged with requirements of tighter tolerances from complex, multi-surface parts and the need for increased capacity to stay competitive. Being able to meet these requirements requires a ma...Read more
Why High-Volume Coolant Provides a Cutting Advantage for Machine Tools
ELK GROVE VILLAGE, IL, June 28, 2022 - Coolants play an important role in machining. Reducing the amount of heat and friction when your tool point is cutting into a workpiece means it allows for higher cutting speeds and reduced tool wear. At lower volumes...Read more
Replacement Part Ordering Made Easy
ELK GROVE VILLAGE, IL, June 20, 2022 - Before purchasing a new machine tool there are a lot of questions to be asked. These can include “What is the rigidity of the machine?” to “Does the company have a good reputation?”. Often forgotten is the line of que...Read more
Looking Beyond Standard Maintenance to Improve Machine Tool Life
ELK GROVE VILLAGE, IL, June 14, 2022 - Your machine tool is a major investment and with that, you expect a long service life. While Shibaura Machine takes extensive measures to engineer world-class equipment, some still in use after 30+ years, it is also c...Read more
Simplifying Machine Tool Importation For Our North American Customers
ELK GROVE VILLAGE, IL, June 6, 2022 - Shopping for the right machine tool can be complex.From choosing a machine tool to meet production and budgetary requirements to ensuring importation procedures are met and machinery is compliant with North American re...Read more