What to Expect from the Aerospace and Defense Industry
Although the last several years have been slow for the aerospace and defense industry with mild growth, many are predicting a change in the status quo. Defense executives are not only looking forward to a positive change; they are optimistic about growth overall. In addition, 2016 offered more jobs in this sector than in prior years, which meant an unprecedented level of growth.
When it comes to new technology, nothing is poised to grow faster than 3D printing. Companies such as Boeing, GE, Honeywell International, and Airbus are key vendors of aerospace 3D printing technology. Other players are AERIA Luxury Interiors, JBRND, Moog, MTU Aero Engines, Norsk Titanium, and Pratt & Whitney.
3D printing works by synthesizing layers of materials on top of each other, creating a component or object while being supported by computerized control technology. This type of printing enables manufacturers to produce a variety of smaller sized objects in varying shapes. By doing this, the parts weigh less, are more cost effective and offer faster turnaround times.
3D printing isn’t the only area for growth on the horizon. According to the FAA Aerospace Forecast for 2016 - 2036, the mainline carrier fleet in the U.S. is also poised to grow. Currently, there are just under 4,000 jets and that number is expected to grow to approximately 5,350. That translates to roughly 65 per year. This is an important transition because many of the older jets that are less fuel efficient are going to be replaced by more streamlined models.
These are just a few examples of change we’re expecting in the aerospace and defense industry. As designers, manufacturers, and developers of high-precision machined components, sub-assemblies, injection molding and tooling, automated work cells, machine tool spindles, and specialty machines, we are excited to be a part of this new technology that will further develop and enhance the industry.