2015 A&D Market Survey Report
Author:CSC and AIA
The 2015 A&D Market Survey includes A&D leaders’ perspectives on business, technology and regulatory trends. The 14th annual survey polled senior executives and senior managers at A&D companies serving both commercial and government sectors.
The 2015 covers a wide range of market trends including spending priorities, macro-forces, research and development, technology modernization, cybersecurity and the impact of regulations. Download the report to learn more about key trends including product innovation,technology modernization, defense spending, government regulations and more.
The recovery of the global economy and increased demand for commercial aircraft are lifting the aerospace and defense industry out of a challenging market. A&D companies are continuing to invest in product innovation and technology modernization for commercial operations, while government and defense contracts are focused on cost control and more targeted capital investments, according to the survey.
In response to pricing pressures and lower government spending, A&D companies are becoming more selective in their R&D investments and are more focused on product innovation, continuous improvement, cybersecurity and technology modernization.
However, for the commercial sector to address the growing backlog for aircraft, organizations need to invest in process improvements, global collaboration and technology modernization. At the same time, the A&D industry continues to look for ways to attract and retain skilled workers, against a background of growing cybersecurity needs and emerging issues such as BYOD.
Investments in the government sector are declining at alarming rates, exacerbated by uncertainty in defense spending and costly government procurement regulations. Contractors are making more selective investments in critical areas such as cybersecurity and UAVs; however, the key to success in the defense sector is designing more flexible aircraft and weapons systems that can readily adopt new technologies.
As the recovery of the global economy continues to lift the A&D industry out of a challenging market, continued investments in products, people and technology will help companies create competitive advantage and ensure long-term, sustainable growth.
To learn more, watch the Town Hall with CSC and AIA.