Aerospace Engineering Services Outsourcing Market Size, Shares, Regions, Trends, History, Key Players & Forecast 2019 to 2025

SEP 10, 2019: The global aerospace engineering services outsourcing market size is anticipated to reach USD 188.24 billion by 2025, registering a CAGR of 25.9% over the forecast period, according to a new report by Radiant Insights, Inc. The increased demand for the replacement of aging and outdated aircraft and the intensifying need to reduce operational costs are expected to drive the increased global demand for aerospace engineering services outsourcing (ESO) over the forecast period. Owing to the increasing engineering and technological complexities in the industry, Original Equipment Manufacturers (OEMs) are facing the growing need to outsource some of their services to specialized aerospace Engineering Service Providers (ESPs). Outsourcing a variety of engineering services can help manufacturers reduce their operating expenses and simultaneously harness the domain-specific skills of these ESPs.

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Factors such as a flourishing middle-class population, increasing per capita incomes, and positive GDP outlook in emerging economies of Asia Pacific, particularly India and China, are generating more demand for air mobility. Countries in the region are investing in aircraft manufacturing and aftermarket maintenance, repair and overhaul (MRO) services to address this increasing demand for civil aviation. Owing to this, the region is anticipated to witness a substantial increase in fleet and MRO spending, thereby driving the market.

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The growing deployment of connected devices in aircraft has introduced the risk of intellectual property theft and cybersecurity concerns. OEMs, worldwide, are taking measures for data security and are expected to continue emphasizing on safeguarding crucial business information. Managing the innate vulnerabilities, which are a by-product of growing digitization, is also of utmost importance from the point-of-view of aerospace OEMs. As a result of this, security & certification services offered by ESPs are anticipated to witness significant traction over the forecast period.

Further key findings from the report suggest:

• Businesses are increasingly leveraging the benefits of outsourcing services to control costs, improve the overall quality of their products and services, and enhance their expertise across a range of competencies

• In terms of service, the aerospace ESO market has been segmented into design & engineering, manufacturing support, security & certification, and after-market services. The design & engineering service segment is projected to register the highest CAGR over the forecast perio

• The Asia Pacific and MEA regional markets for aerospace ESO are expected to witness a substantial rise in growth prospects over the forecast period. This can be attributed to the increasing number of low-cost carriers in developing economies and growing investments being done to boost outsourcing of services

• Leading vendors in the aerospace engineering services outsourcing market are increasing usage of composite materials for manufacturing aerostructures and components due to their robustness and better stiffness-to-density ratios, in addition to further focus on the optimization of turboprops.

Table of Contents

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definition

1.3. Information Procurement

1.3.1. Purchased database

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

2.3. Competitive Insights

Chapter 3. Aerospace ESO Market Variables, Trends & Scope

3.1. Market Introduction

3.2. Industry Value Chain Analysis

3.3. Market Dynamics

3.3.1. Market Driver Analysis

Chapter 4. Aerospace ESO Market: Service Estimates & Trend Analysis

4.1. Definitions & Scope

4.2. Service Market Share Analysis, 2018 & 2025

4.3. Segment Dashboard

4.4. Global Aerospace ESO Market, by Service, 2014 to 2025

4.5. Market Size & Forecasts and Trend Analysis, 2014 to 2025 for the following,

4.5.1. Design & engineering

4.5.1.1. Market estimates & forecasts, by region, 2014 – 2025 (USD Billion)

Continued…
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About Radiant Insights:Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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