Aerospace Engineering Services Outsourcing Market Size, Share and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled "Aerospace Engineering Services Outsourcing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global aerospace engineering services outsourcing market size, share, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Aerospace Engineering Services Outsourcing Market

Aerospace engineering services outsourcing refers to the practice of hiring external companies to perform core aerospace engineering procedures on behalf of a client or an aerospace company. It involves developing cutting-edge technologies and integrating them into aerospace vehicle systems used for transportation, communications, exploration, and defense applications. It includes the designing and manufacturing of aircraft, spacecraft, propulsion systems, satellites, and missiles. It also focuses on testing and designing aircraft and aerospace products, components, and subassemblies. Furthermore, it enables aerospace companies to lower their operational costs, enhance component quality, reduce errors, and scale up production.

How Big Is the Aerospace Engineering Services Outsourcing Market?

The global aerospace engineering services outsourcing market size reached US$ 77.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 256.6 Billion by 2028, exhibiting a growth rate (CAGR) of 22.1% during 2023-2028.

Global Industry Trends and Drivers:

At present, the increasing demand for aerospace engineering services outsourcing, as it saves time and provides higher-quality products, represents one of the significant factors impelling the market growth. Besides this, rising practices of aerospace engineering services outsourcing, as it implements innovative technologies and uses advanced digital devices to carry out processes, are contributing to the growth of the market. In addition, the growing construction of airports to connect various locations around the world is offering a favorable market outlook. Apart from this, the increasing demand for specialized engineering skills and expertise, which are difficult to acquire, retain, and internally develop, is supporting the growth of the market. Additionally, the rising employment of aerospace engineering services outsourcing for prototyping, simulation, and system engineering of aerostructures and avionics is bolstering the growth of the market.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Component:

• Hardware
• Software

Breakup by Service:

• Design and Engineering
• Manufacturing Support
• Security and Certification
• After-Market Services

Breakup by Location:

• On-Shore
• Off-Shore

Breakup by Region:

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Akka Technologies (Adecco Group), Altair Engineering Inc., ALTEN Group, Bertrandt AG, Capgemini Engineering (Capgemini SE), Edison Welding Institute, Honeywell International Inc., L&T Technology Services Limited (Larsen & Toubro Limited) and Lisi SA.

Key highlights of the Report:

• Market Performance (2018–2023)
• Market Outlook (2023–2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape

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