Digitalization Spending by Aerospace Manufacturers
Source Research:
Digital Transformation and the Aerospace Industry
Presentation | 20 Feb 2024 | PT-2531
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Spending by aerospace manufacturers (commercial aircraft, military aircraft and missiles, as well as space launch vehicles and satellites) on digitalization is forecast to reach US$53.8 billion in 2034. The market is forecast to grow by a 4.8% CAGR, increasing from US$33.6 billion in 2024 to US$53.8 billion by 2034. Aerospace manufacturers in North America are by far the biggest drivers of digitalization spending, with the Inflation Reduction Act being a factor. While large aerospace manufacturers have been using digital technologies to support their operations further down the supply chain, digitalization will be a priority as part traceability becomes essential.
