As you look across the horizon, today it is nothing less than a wonder to see airplanes
flying back and forth for domestic as well as international flights. This is nothing less than a miracle. The aerospace industry indeed has come across a long way and has paved its success by overcoming several stages of challenges and struggle.
Given the current scenario, aerospace industry as a whole is likely to expand. The civil aviation segment has witnessed an increase in travel in this stage of a developing economy. At the same time, the defense sector too is governed by the increased focus on worldwide military investments. Records and surveys suggest that the global aerospace industry has surpassed the $100 billion USD benchmark.
Today, eminent global engineering services companies dealing in aerospace engineering are fast realizing the financial gains of outsourcing engineering services that has exceeded $15 billion USD. The Indian share in this about 30 percent.
These companies today are capable of understanding the challenges and requirements of the aerospace enterprises and other end users. They efficiently combine manufacturing with engineering services that allow in designing that helps the clients meet their requirements. Greater focus is given on quality services and value addition through each single aero engine product. The areas worked on are as follows:-
Today the aerospace companies are facing a mix of challenges as well as scopes of development. As the price of the fuel is increasing, increasing globalization and security issues aerospace engineering enterprises tries to make profits by coming up with new ways to improve their business and engineering methodologies. Eminent service providers of aerospace engineering and manufacturing, also deals in oil and gas engineering services.