The global commercial aviation industry is embracing sustainability, with a focus on developing energy-efficient aircraft. Aircraft OEMs are investing in increased electrification and sustainable aviation fuel compatibility. This emphasis on sustainability creates opportunities for startups, particularly in technologies like hydrogen fuel and electric vertical takeoff and landing (EVTOL) aircraft. However, navigating certification from aviation regulators remains a time-consuming and capital-intensive challenge for these innovative ventures.
Over the next decade, urban air mobility is anticipated to become a reality, shaping a distinct subsector in commercial aerospace. EVTOL design, development, and aftermarket services will differentiate from traditional jet engine-based aircraft.
Additive manufacturing is revolutionizing the commercial aerospace industry, especially in the development of aftermarket parts. Advances in this technology are expected to drive increased adoption over the next 5 to 10 years. Additionally, the commercial unmanned market is experiencing significant growth, driven by technological advancements and diverse applications. Key segments witnessing high demand and substantial improvements in drone systems are pivotal to this growth.
Sustainability will remain a driving force in the drone market, with increased adoption aimed at reducing carbon emissions across various sectors. Security concerns related to conventional drones in warfare are prompting investments in counter-drone technology by governments and security agencies.
Logistics segments stand to benefit significantly from these advancements. Last-mile drone deliveries, gaining traction during the pandemic, are poised to expand into new markets as regulations ease, and technology enables safer and longer flights. The development of heavy-lift drones will further enhance the capabilities of drone deliveries, overcoming limitations posed by the weight of components and weak propulsion systems.
In 2024, autonomous features in drone systems will play a crucial role. Rising labor costs associated with drone pilots present challenges, especially in infrastructure inspection. To address this, drone OEMs are integrating autonomous features to facilitate smoother adoption, enabling workers with minimal drone experience to leverage the technology fully. Comprehensive drone-in-a-box solutions capable of collecting and processing data with minimal operator input are also being developed, streamlining workflows and reducing the training required.
The article outlines the Top 15 Growth Opportunities in Commercial Aviation and Aerospace, 2024.
Top 15 Growth Opportunities
- Big Data Platforms for Improved Operations and Merchandising
- Hydrogen Combustion Turbine Development for Better Performance Characteristics
- More Electric Aircraft for Improved Energy Efficiency
- Electric Ground Support Equipment to Reduce Carbon Emissions
- Utilizing Sustainable Aviation Fuel to Reduce Carbon Footprint
- Large-scale Biometric Implementation for Faster Passenger Processing at Airports
- Total Airport Management for Optimal Efficiency
- Blockchain Technology for Aircraft Parts and Component Status Monitoring
- Additive Manufacturing in the MRO Sector for Reducing Delays in Sourcing Critical Parts
- Installation of Remote Towers to Manage Small Airport Clusters
- Last-mile Delivery
- Emission Monitoring
- Drones for Infrastructure Inspection
- Drone-in-a-Box Solutions
- Heavy-lift Drones
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