4 Ways the Aerospace & Defense Sector Can Maximize the Rebound
2020 is a vital year for India’s Aerospace & Defense (A&D) sector, providing ample opportunities to leverage digital transformation and push for a competitive advantage on the world stage.
Prior to the pandemic, the sector was witnessing a period of record growth – with a compound annual growth rate (CAGR) of 19% in civil aviation alone. Now, with international traffic down by almost 90%, airlines would see the loss of passengers amid a restructuring. However, Aerospace & defense sector is still witnessing growth in defense and space segments.
Consider a five-fold plan for staying adaptable
To begin with, Dassault Systèmes’ Vice President for the Aerospace & Defense Industry, David ZIEGLER, shares his five imperatives for A&D companies.
“First comes passenger comfort and rebuilding passenger confidence [in civil aviation, which saw the most impact]. The second imperative is to drive down costs to ensure survivability and versatility over the long term. The third is to insert sustainable technology, also keeping safety and regulations in mind. The fourth one is about flexible manufacturing, making sure one can adapt to new industrial systems, new rates, and new production methods. Finally, we have to transform the supply chain to make it much more resilient, with the ability to tap into innovation,” says David ZIEGLER.
Implement a digital thread to streamline innovation
A digital thread connects disparate data flows from different stakeholders to enable a holistic view of a product/solution across its end-to-end lifecycle.
Simulate in a virtual environment for process optimization
As you can see, digital thread paves the way towards collaborating in a virtual environment. One of the large Indian PSU, mentioned why collaborating to optimize processes perfectly is so critical right now.
Companies can embrace simulation activities by taking advantage of a virtual environment, taking the results forward into project lifecycle management. This encompasses all major disciplines like aerodynamics, propulsion structures, materials, and aspects that affect direct operating costs, like performance, according to this company.
Explore disruptive use cases on an agile model
The digitalization of the A&D value-chain on a next-gen platform can empower startups to actualize disruptive ideas in an agile model. One field where this has proven effective is in UAV or drone development for use cases beyond defense
