Regulatory Scrutiny and Commercial Necessity Fuels Growth in Aerospace Manufacturers' Digitalization Spend; Reaching US$54 Billion in 2034
NEW YORK, March 26, 2024 /PRNewswire/ -- The dramatic images of a hole appearing in a Boeing aircraft operated by Alaskan Airlines put a sharp focus on the need to follow aircraft assembly, testing, and maintenance procedures rigorously. Global technology intelligence firm ABI Research forecasts that aerospace manufacturers will spend US$53.8 billion on digital technologies in 2034, up from US$30 billion in 2022.
- Global technology intelligence firm ABI Research forecasts that aerospace manufacturers will spend US$53.8 billion on digital technologies in 2034, up from US$30 billion in 2022.
- "Aerospace firms are under pressure from airlines positive about the demand for air travel and are looking to refresh their aircraft roster.
- "It is not just individual components that need certification; individual tools used to perform tasks must be certified, too.
- This report is part of the company's Industrial and Manufacturing Markets research service, which includes research, data, and ABI Insights.