<img height="1" width="1" style="display:none;" alt="" src="https://px.ads.linkedin.com/collect/?pid=1448210&amp;fmt=gif">

Digitalization Spending by Aerospace Manufacturers

Checking your access...

SOURCE RESEARCH

Digital Transformation and the Aerospace Industry

Presentation | 4Q 2024 | PT-2531

Get The Report

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.