Accenture highlights powerful market forces to consider as the Aerospace and Defense industry passes 100 years of commercial services.
Global defense acquisition spend of $461 billion is expected to grow by a very moderate 0.7 percent over the next five years.
New aircraft program durations have doubled from four to eight years.
Competition for science and technology talent comes from other, more visibly digital industries and demand for these skills are expected to grow at double the rate of other occupations.
The $738 billion airline industry is expected to grow by 6 percent or higher over the next few years.
Aircraft are generating unprecedented volumes of data raising demand for big data capabilities.
Slashed defense budgets mean that upgrades, rather than platform replacements, are taking priority. Commercial operators are seeking greater insight into operational data to fine tune support operations and reduce costs.
Accenture’s team of experienced aerospace and defense professionals leverage the full range of Accenture services – strategy, consulting, technology, digital and operations – to design and deliver customized solutions that address today’s industry priorities. Example of these solutions include:
As new digital technologies such as 3D printing and wearable technologies introduce altogether new ways to achieve efficiency and innovation, it’s an exciting time to be in aerospace and defense.See John Schmidt at the 2015 Paris International Airshow
The importance of software in aerospace and defense products and what makes them mission capable is more important than ever before.