The ongoing development of electric, vertical take-off and landing (“VTOL”) vehicles designed mainly for commuting presents both challenges and opportunities for OEMs and suppliers in the aerospace sector. For many players, the biggest challenge is to evaluate how such developments will shape the sector in the long term.
Should future growth strategies include concepts that help ease congestion or, say, improve urban living?
In terms of opportunities, the rising demand for aircrafts offers plenty of potentials for aerospace companies in the short term. In particular, the ability of suppliers to satisfy rising production rates for new generation aircraft that incorporate cutting-edge technology to improve avionics, cabin management and communication.
As players in the aerospace industry digest current technological developments both from within and outside of the sector, discover the 3 key opportunities that could prove to be game changers:
- Understanding levels of connectivity to ensure aircraft systems are better integrated and connected
- Nurturing or acquiring expertise to capture essential capabilities.
- Adopting a business strategy that not only takes account of advances in technology, but also to understand what clients want
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