20 Most Promising Aerospace Solution Providers - 2015
The global aerospace market is foreseeing a growth of $352.5 billion by 2023. The major drivers for this growth are increased aircraft size, high replacement rate, and the constantly changing security programs that force companies to embrace newer technologies on and off the ground in planes. Yet, in recent years, aerospace industry has suffered fatal difficulties in the execution of major programs. With rising challenges in operational costs, lack of infrastructure, Maintenance Repair and Overhaul (MRO), value chain and many others, IT departments within aerospace today must do more than just send, receive and store communications. Adding to these, there is a requirement to upgrade tools for designing, procuring, manufacturing, and supporting aerospace products.
With workflows being digitized and contemporary means being adopted to test aircraft parts and machines, the aerospace sector is on the fast lane of embracing technology. Guiding, tracking and communication systems such as GPS, Automatic Dependent Surveillance-Broadcast (ADS–B), Aircraft Communications Addressing and Reporting System (ACARS) and many others are assisting in flight control and flight management.
With these developments, there are a multitude of opportunities for the technology providers in the aerospace industry. In the last few months, CIO Review's editorial board has looked at hundreds of firms in the aerospace arena and shortlisted the ones that are at the forefront of tackling the challenges in the industry.
The companies featured in this list showcase extensive business process knowledge, integrated and innovative strategies combined with talent base across locations. A distinguished panel comprising of CEOs, CIOs, CTOs, and analysts including CIO Review editorial board has selected the final 20.
We present to you CIO Reviews’ 20 Most Promising Aerospace Technology Solution Providers 2015