The aerospace industry is a massive field that has many different aspects to it. People often think about the big airplanes and rockets when they hear the word “aerospace,” but there are so many more components of this industry that you may not have been aware of before.
In this blog post, we will discuss 7 facts you didn’t know about the aerospace industry, including how it impacts your life daily.
The Industry Is Growing
The aerospace industry is growing rapidly, with new companies and products emerging all the time. The global market for aerospace products and services is expected to grow from $643.73 billion in 2017 to $777.68 billion by 2022. This growth is being driven by several factors, including rising demand for air travel, the increasing popularity of drones and other unmanned aerial vehicles (UAVs), and the development of advanced new technologies. AS9100C certification is also helping to fuel the growth of the aerospace industry, as more and more companies are seeking to meet the rigorous quality standards set by this internationally recognised standard. When it comes to the as9100 audit, these companies are required to provide proof of their R&D efforts, as well as their commitment to quality and safety. Aerospace companies are also investing heavily in research and development (R&D), which is helping to fuel this growth. For example, Boeing spent more than $14 billion on R&D in 2017, while Airbus Group invested over €13 billion ($15.24 billion) in R&D during the same year.
A Competitive Industry
The aerospace industry is one of the most competitive in the world. The top companies spend billions a year on research and development to gain an edge over their competitors, which means that if you aren’t investing as much as possible into your business, it can be difficult to keep up. In addition, many organisations have been around for decades so they have well-established connections within the industry (and sometimes even illegal connections).
Additionally, the aerospace industry is highly regulated. There are countless rules and regulations that companies need to follow to stay in compliance, and any mistake can be costly. This also makes it difficult for new businesses to enter the market, as they need to make sure they are up-to-date on all of the latest regulations before starting operations.
Dynamic and Diverse Field
The aerospace industry is a dynamic and diverse field with many opportunities for engineers, scientists, and technicians. There are many different types of jobs in the industry, from designing aircraft to maintaining and repairing them.
Many different companies work in the aerospace industry, including large manufacturers like Boeing and Airbus, as well as smaller companies that specialise in certain aspects of aerospace engineering. This variety makes it an exciting place to work and ensures that there are always new challenges to tackle.
The Most Important Sectors In Terms Of Economic Output
The aerospace industry is very important to the world economy, which makes sense when you consider how many sectors are affected by it with everything from airlines to engine manufacturers being heavily influenced by what happens in this area of technology. Also, because we need a relatively functional and efficient means of transportation that can be used for both people and cargo then there will always come about new developments that improve on these areas as well as other factors like safety and fuel efficiency. This makes the aerospace industry one of the largest employers in terms of GDP created, which is why it’s so important to focus on this area if you are interested in finding a career that will always be needed.
NASA Is a Huge Consumer of Aerospace Products
NASA is a huge consumer of aerospace products and services. The agency spends about $17 billion annually on space-related activities. This makes NASA one of the world’s largest purchasers of aerospace goods and services.
A large portion of this spending goes towards contracting commercial providers to transport astronauts and cargo to and from the International Space Station. NASA also relies on private companies to develop new technologies for use in space exploration. This reliance on commercial providers has led to a surge in innovation within the aerospace industry, as businesses compete for contracts from NASA. This increased competition has resulted in lower costs and faster turnaround times for new technology development.
Impacts Your Life Daily
Did you know that the aerospace industry impacts your life daily? From aircraft to drones, aerospace products are everywhere, and they impact you daily. Drones are being used more and more for civilian purposes like package delivery, infrastructure inspection, and search and rescue. Aircraft noise is regulated by the Federal Aviation Administration (FAA) to protect people on the ground from excessive noise levels.
As the world becomes more globalised, it is important to remember that aviation helps connect people worldwide through trade and tourism. The aerospace industry provides products necessary for these activities such as airplane engines, avionics equipment (in-flight entertainment systems), lighting equipment used in airports, airport construction services, cargo transport vehicles (planes), security equipment (metal detectors) needed at airports, plus many other goods essential for supporting international travel.
Many Aerospace Careers Are In High Demand
Aerospace careers are in high demand due to the growing industry. There are many different types of jobs within the aerospace industry, and they all offer great salaries and benefits. If you’re looking for a challenging and rewarding career, then the aerospace industry may be perfect for you.
One of the careers you can choose from is an aerospace engineer. Aerospace engineers design and develop aircraft, spacecraft, and missiles. They also work on the systems that support these vehicles, such as engines, controls, and communications. Aerospace engineers usually have a bachelor’s degree in aerospace engineering or a related field. However, some employers may require a master’s degree. Another career option within the aerospace industry is an air traffic controller. Air traffic controllers direct the movement of aircraft in the sky and monitor their safety. They must be able to think quickly and make decisions under pressure. Air traffic controllers typically need a high school diploma or equivalent and they must pass a rigorous training program.
The aerospace industry is fascinating and complex, with a long and storied history. It’s always exciting to learn new things about it, and here are seven interesting facts that you might not have heard before.