Top 10 Aviation Technology Consulting/ Services Companies – 2019
Aviation is amongst the most high-profile industries in the world, as it facilitates a significant portion of world trade, global investments, tourism, and economic growth making it the epicentre of globalization. Being a capital-intensive business, having actionable insights into the market and a right partner to assist in various task involved, becomes quintessential, as it will not only help airline companies to boost their revenue generation process but also improve customer experience. This is where aviation engineering services providers come into the picture. They assist airline companies in delivering actionable business insights, things such as supplying aircraft parts and accessories, relaying the current market trends, and more. Additionally, provide consultation to devise a sound strategy that comprehensively maximizes opportunities for airlines.
Aviation Engineering Services are transforming to offer tailor-made solutions to meet the growing demands in the sector. The organizations are facing a shortage of relevant skills and look for an expert engineering solution. The easiest way to do it is through outsourcing. According to Accenture Engineering Services in Aerospace and Defense Survey, the two benefits of outsourcing are better control of cost and managing a lack of resources and skills.
Contributing to the growth of the sector is the growing defense expenditure across the globe. With geopolitical tensions rising, countries are leaving no stone unturned to better their arsenal, by heavily investing in the air defense. Countries are focused on aligning their solutions to local requirements, resulting in the increased demand for affordable and off-shelf equipment. APAC region, in particular, has registered stupendous growth in the last five years and there is a growing network of commercial research, design, productions, and operational support by defense equipment manufacturers.
The focus for the year 2019 will be towards adopting artificial intelligence, augmented and virtual reality, data analytics, as well as IoT and concerning advanced sensors. Moreover, aviation requirements are spread across many departments such as fuel suppliers, ground handling services, IT providers and more. According to a report from Deloitte, the commercial aircraft order backlog is at its peak of more than 14,000 – with about 38,000 aircraft expected to be produced globally over the next 20 years. To assist the airline companies with these requirements, there are myriad of service providers available in the market coming out with innovative solutions. Nevertheless, to choose a partner that understands the business needs and identifies the pain points, followed by effectively formulating the right strategies is often a challenge.
Hence, to assist organizations in choosing the right partner, the editorial board at CIOReview has selected a handful of most promising aviation engineering services providers after evaluating their technical prowess. We have considered the vendor's ability in delivering services, keeping in mind the factors like the expertise in the domain, skills, and competencies. This edition sheds light on a few of the promising service providers that are accelerating at a fast pace with their services in the aviation industry.
We present to you CIOReview's "10 Most Promising Aviation Engineering Services Providers – 2019."