Dubai PR Network, Online Press Release from Dubai and Middle East
 
Aviation, Airline & Aerospace(Travel & Tourism)
Filter PR by
  
30,000 Aircraft Needed in the Next 20 Years, say Experts at Global Manufacturing and Industrialisation Summit
 
  • No downturn in sight for the aerospace industry amidst increasing demand
  • Biofuels are being explored, but are not commercially feasible in a time of low oil prices
  • Automation can help aircraft manufacturers to cut corners in order to keep pace with demand

Abu Dhabi, UAE, March 30 2017:  As a major contributor to global Gross Domestic Product (GDP) – international air transport alone contributes US$2.7 trillion – the aerospace industry has enjoyed a sustained peak, driven by continued market demand. In a panel at the Global Manufacturing and Industrialisation Summit (GMIS), aerospace leaders discussed the future of an industry that supports 10 million people globally through direct employment, with an additional 63.5 million supported indirectly. 

The panel was composed of Jan Pie, Secretary General, Aerospace and Defence Industries Association of Europe (ASD), and Chairman Elect, International Coordinating Council of Aerospace Industries Associations (ICCAIA); Michel Peters, CEO, NLR (Netherlands Aerospace Centre); Robert S. Harward, Vice Admiral USN (Ret) SEAL and Chief Executive – UAE, Lockheed Martin International, and Tetsuro Hisano, Vice President and General Manager of Commercial Airplane Programs Management Office, Mitsubishi Heavy Industries. Axel Threlfall, Editor-at-Large, Reuters, moderated the conversation. 

While the outlook is rosy, there are still a number of challenges in the aerospace industry that need to be addressed – such as market demand growing at 45 per cent on an annual basis. There are around 17,000 aircraft currently flying with a capacity of at least 100 passengers or capable of carrying 10 tonnes of goods or more. In 20 years time, there will need to be around 30,000 aircraft available – and, according to Jan Pie, a number of the existing aircraft will no longer be in operation in 20 years, even with upgrades. 

“If we look backwards over the past few decades, or even the last century, this has been an industry that has seen a remarkable growth,” said Pie. “As we speak the order books are full for the two largest aircraft manufacturers, Boeing and Airbus, for the coming ten years. We can talk about the market’s next upturn, but we don’t yet know when the downturn will come.”

Michel Peters, speaking about the capacity requirements on original equipment manufacturers (OEMs), said: “To meet the demand of 30,000 aircraft in the next 20 years, the big OEMs, such as Boeing and Airbus, have to turn out approximately 60 aircraft a month. That’s  nothing special for an automotive manufacturer, but 60 aircraft a month is really something. That means that  lot of technology will be used, adapted from car manufacturers. Phasing manufacturing automation together with the design of the aircraft itself can cut some corners, whilst keeping up with the safety and quality standards.”

Other key issues the industry faces include safety, even though air travel today is safer than ever; connectivity, in terms of connecting all aspects of air travel – including aircraft, passengers, ground services and more; the introduction of pilotless drones to the market, and the total integration of drones into the environment without compromising on safety. Fuel, too, is a matter that the industry is looking at, given fluctuating prices of oil and further research into green alternatives.

There are people looking at green fuel substitutes, according to Tetsuro Hisano. “We have lots of very innovative companies that are looking at, for example, using sunshine to create fuel from forms of bacteria, and harnessing the energy produced to create oil. It is not yet commercially feasible. When oil prices are at $100 per barrel, then these ideas become more feasible, but in these days, when fuel goes down below $50 per barrel, it is less feasible … so oil price drives innovation in this field.” 

“In our profession, the military drives technology,” said Robert S. Harward, speaking on the influence of Fourth Industrial Revolution (4IR) technologies on aerospace, and referencing the push of the USA Chief of Naval Operations, Adm. John Richardson, to transform Navy fleets to be completely driven by biofuels. “That’s what forced industry to respond. I think those sorts of requirements then help drive the change quicker than industry would do it on its own.” On the matter of 4IR and the potential for job loss, Harward said that “technology puts people first; people stay ahead of the artificial intelligence curve.”  

The inaugural Global Manufacturing and Industrialisation Summit is being held at the Paris-Sorbonne Abu Dhabi University, UAE, until March 30, 2017. A joint initiative by the UAE Ministry of Economy and the United Nations Industrial Development Organization (UNIDO), and co-hosted with the Abu Dhabi Department of Economic Development, the Summit is held under the patronage of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Summit is the world’s first global gathering for the manufacturing community, bringing together decision-making leaders from governments, businesses and civil society organisations to shape a vision for the sector’s future.
 
The Summit is a global platform for participating attendees to learn from best practices from across the world. This unprecedented global gathering will spark new ideas and set the stage for debate and action – addressing ways in which manufacturing can shape and reshape the world, integrating activities between developed and emerging markets, and delivering on social responsibility towards future generations. Leaders from the public and private sectors, along with representatives from civil society organisations, will gather to discuss global challenges within the manufacturing sector, looking specifically at six themes: technology and innovation; global value chains; skills, employment and education; sustainability and environment; infrastructure; standards, and stakeholder alignment.

Posted by : Dubai PR Network Editorial Team
Viewed 6448 times
PR Category : Travel & Tourism
Posted on : Thursday, March 30, 2017  1:54:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Etihad Airways and Boeing Check on Biofuel Progress at Masda...
Next Story : Cathay Pacific achieves top travel accolade in the Middle Ea...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Revolutionary Mineral Based Skincare Brand Launches into the UAE [18727-Views]
Introducing Parfums De La Bastide, an Artisanal Maison de Parfum inspired by Provence. [17592-Views]
Gold Collagen® to Launch in Dubai, May 2017 [12255-Views]
Azraq, the world's first refugee camp powered by renewable energy [11291-Views]
LG showcases a future of multiple savings with trendsetting smart homes [10553-Views]
Kiko Milano Launches Tropic Heat - A Collection Full of Energy, Colour and Vibrancy [10138-Views]
Aab Modest Wear Launches in the UAE [9943-Views]
Ria Money Transfer Officially Launches Operations in GCC Countries and Announces Key Partn... [9052-Views]
LG Electronics Announces Google Home Compatible Appliances [7887-Views]
LG Signature OLED TV W marks its entry in the UAE with World's-First Wallpaper Design [7857-Views]
Brand New Flagship ZIPPY store Opens in Dubai Mall Today [7765-Views]
Esposa Privé's Ramadan Collection Lands in Dubai & Abu Dhabi [7716-Views]
Travel in style with these summer essentials from ban.do, Ted Baker, Tatty Devine & Happy ... [7558-Views]
Perfecting the Journey with TUMI 19 Degree Global Campaign [7424-Views]
Stunning New Collections from Jaguar and Land Rover [7344-Views]
Celebrate the Warmth of Ramadan With Graceful Shades from Baume & Mercier [7320-Views]
Sony Mobile Xperia XZ Premium available for pre-order online and in stores in UAE [6716-Views]
Dubai Chamber announces winners of Dubai Smartpreneur Competition [6057-Views]
Volvo Cars partners with Google to build Android into next generation connected cars [6033-Views]
Barwa Bank honored as “Leading Bank in Islamic Services and Products in Qatar” by the Worl... [6008-Views]
SAINT HONORE Charisma Twist [5990-Views]
Progressive Trends instrumental in shaping up the smartphone industry [5832-Views]
DeLaCour Crafts a Resplendent Salute to Women with the Passion [5789-Views]
The Modern Designs of West Elm's New Summer Collection Unveiled [5716-Views]
Nikai introduces the 75 inch Smart LED TV [5710-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories