Outstanding consulting expertise for the aerospace industry

The aerospace industry is a complex and technology-intensive sector that encompasses the development, manufacture and operation of aircraft and spacecraft. It plays a crucial role in areas such as transport, defense, science and technology and is a key driver of economic growth and innovation. According to Statista, the turnover of the European aerospace industry amounted to around 128 billion euros in 2020, compared to around 40 billion euros in Germany, Austria and Switzerland.

The largest companies in the aerospace industry in the DACH region and in Europe include multinational corporations such as Airbus, Safran and Rolls-Royce, which supply a wide range of products and services in the civil and military sectors. There are also many medium-sized and smaller companies operating in specific sectors or regional markets.

The aerospace industry faces a number of challenges, including increasing competition, the rising cost of research and development, compliance with safety standards and regulations, the need for digitalization and sustainability, and adapting to the changing global political and economic landscape. External consultancies can make a valuable contribution to overcoming these challenges. They offer expertise and support in areas such as strategic planning, project management, technology implementation, quality control, sustainability strategies and market research.

One example of the role of consulting in the aerospace industry is a project in which a consulting firm helped a large aerospace company optimize its production processes and improve efficiency, resulting in cost savings and improved delivery times. Another example is a consultancy that supported a small aerospace company in the development of a new satellite system by providing technical advice and project management services. A third example is a consultancy that helped an aerospace company develop and implement a sustainability strategy that both reduced the company's environmental impact and improved its competitive position.

Current trends in the aerospace industry include the growing use of artificial intelligence and autonomous systems, the development of greener technologies and fuels, the growth of the commercial space sector and the digitalization of operations and maintenance processes. Consulting firms can help identify and leverage these trends to unlock new business opportunities, improve operational efficiency and drive the shift to more sustainable and responsible business practices.

The aerospace industry is an exciting and dynamic sector that offers a wealth of opportunities and challenges. By utilizing the expertise and support of consulting firms, companies in this sector can overcome these challenges, achieve their goals and contribute to the progress and growth of the industry. It is expected that the role of consulting in the aerospace industry will continue to grow in the future as companies look for ways to stay innovative, increase competitiveness and make a positive contribution to society.