A recent report shows that 69% of aerospace and defence executives say they have prioritised anticipating and responding to supply-chain events in order to protect the customer experience. COVID-19 has emphasised the need for more resilient, flexible and adaptable supply chains for the industry. Executives overwhelmingly agree emerging technologies like AI, internet of things, automation and wearables have accelerated the pace of automation over the past three years.
60% of industry executives are also making investments for long-term remote work a priority for the next six months. This indicates the increasing importance of digital transformation within the aerospace, aviation and defence sectors. AI is also being used to deliver personalised travel experiences to passengers in order to generate the maximum customer satisfaction. A new market study predicted a CAGR of 46.4% for AI in the aviation market by 2023.
As part of Dubai Airshow 2021, aerospace companies from across the world will launch and exhibit their latest technologies and innovations to promote the sector’s growth in the region and the world. The event will also include conference programmes dedicated to the topics of AI, 5G, and cybersecurity.
New ideas, innovation and higher customer expectations have created a prime opportunity for start-ups within the aviation, defence and aerospace sectors. Co-located with Dubai Airshow will be a new launch event called VISTA – a start-up hub giving innovators within the aerospace and defence fields a rare chance to access venture capitalists and investors who are increasingly looking for disruptive new entrants that can out-hustle the big players. In a regional first, VISTA will feature a number of sub-events in partnership with Gothams, a leading accelerator that is helping to build the next generation of aerospace and defence start-ups.