The aerospace industry has been at the forefront of embracing new tech, but the best is yet to come in the age of IoT, blockchain, reality technologies, and more. While rapid growth in the commercial aerospace industry is driving revenues for OEMs, suppliers, and operators, the accompanying challenges can prove to be a showstopper. Growing demands also imply increased pressures to reduce cost and turnaround time for aircraft design and development, optimize fuel efficiency, rectify supply chain issues, improve technical training, and minimize maintenance costs. Smart players in aerospace are turning to digital technologies such as IoT, big data analytics, blockchain, and additive manufacturing to meet address concerns that afflict the industry and stay ahead of the curve.
