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Frost & Sullivan Names Top Innovators In The Global Commercial Aircraft MRO Market

Frost & Sullivan Names Top Innovators In The Global Commercial Aircraft MRO Market

Frost & Sullivan reveals that the maintenance, repair, and overhaul (MRO) market experienced substantial growth in line with global fleet expansion. As the market worth $75 billion continues to increase for aircraft maintenance, MROs are adjusting capacity to meet the surging demand through the adoption of digital transformation, technology innovation, and unrivaled efficiencies as well as mergers, consolidations, buy-outs and alliances. Airlines are spinning their maintenance divisions off into separate MRO entities to produce fresh revenue streams as OEMs jockey for additional market share.

The recently released Commercial Aircraft Maintenance, Repair, and Overhaul Market Frost Radar provides results from an in-depth analysis built on a 360-degree research methodology where over 100 companies in the MRO industry were evaluated. The team of industry analysts identified 17 industry leaders excelling at innovation, poised for growth and ripe for investment, and recognises them in the Frost Radar with insight into their innovative offerings, projected growth rates, strengths and opportunities for the future.

The following companies were identified for demonstrated excellence in either growth, innovation, or both, with the ability to translate these qualities into proven solutions that benefit their clients: AAR Corp, Aeroman, AFI KLM E&M, Aviation Technical Services, Etihad Airways Engineering, Evergreen Aviation Technologies Corp. (EGAT), Flightstar, GAMECO, GMF AeroAsia, HAECO, Lufthansa Technik, Mexicana MRO, Sabena Technics, SR Technics, ST Engineering, TAP M&E, and Turkish Technic.


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PLM To Revolutionize Complex Processes Of Discrete Industries

PLM To Revolutionize Complex Processes Of Discrete Industries

Industrial Internet of Things (IIoT) in discrete manufacturing is transforming the entire manufacturing value chain, with manufacturers leveraging digital technologies, including product lifecycle management (PLM) solutions, to streamline their production planning. The higher demand for advanced PLM solutions and the proliferation of technologies and their applications within shop floor processes are expected to drive the $2.05 billion market toward $3.09 billion by 2022, at a compound annual growth rate (CAGR) of 8.5 percent.

“Manufacturers are actively looking to incorporate advanced technologies such as Big Data Analytics and 3D printing in their production and assembly line,” said Karthik Sundaram, programme manager, Industrial Automation & Process Control, at Frost & Sullivan. “Furthermore, rising customer demand for reduced time to market and mass customisation are prompting vendors to accelerate their manufacturing capabilities through system engineering and configuration management.”

“The US manufacturing industry, especially automotive, is an enthusiastic adopter of advanced technologies such as Artificial Intelligence and Digital Twin,” noted Sundaram. “Meanwhile, Asia-Pacific is positioning itself as a digital manufacturing hub on the strength of rapid urbanisation, industrialisation, and the economy’s shift to value-added manufacturing. Countries like Singapore, Japan, Thailand, and Hong Kong are especially exhibiting high industrial growth.”

PLM vendors are adopting various strategies for incorporating digital manufacturing products to remain competitive. Successful solutions providers will look to make the most of the growth opportunities offered by:

  • Partnering with companies providing digital solutions and collaborating with government agencies to unlock opportunities within discrete manufacturing.
  • Altering traditional pricing models so industrial manufacturers can penetrate niche markets.
  • Complying with regulatory standards to leverage disruptive technologies and adopting new business models that improve efficiency and factory performance.
  • Upgrading their technical capabilities to improve customer retention and foster long-term customer engagements.



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Renewed Competition Between Airbus And Boeing To Fuel Commercial Aircraft Production Growth In 2019

Renewed Competition Between Airbus And Boeing To Fuel Commercial Aircraft Production Growth In 2019

The revival of competition between Boeing and Airbus is expected to result in record delivery of the highly popular narrow-body platforms and a 9.4 percent year-on-year growth in the global commercial aircraft production in 2019. Boeing and Airbus will produce more than 1,750 aircraft this year, up from 1,606 units in 2018, and propel the market towards $258.95 billion, according to a new report from market analyst Frost & Sullivan.

Boeing will receive a boost once it finalises its deal for Embraer’s airliner business in 2019 to counter Airbus’s acquisition of Bombardier’s C Series programme; it will continue to develop its new mid-market aircraft (NMA) platform and position itself for growth in next-generation markets.

“Aircraft OEMs and suppliers will continue to focus on digitalisation of platforms for streamlining flight operations, planning and scheduling, sales and distribution, marketing, disruption management, and technical operations,” said Timothy Kuder, research analyst, Aerospace & Defence, at Frost & Sullivan. “Top aerospace companies as well as entrants are investing in R&D centred on electrical propulsion, generation, distribution, storage, and conversion.”

Kruder said Asia-Pacific will experience the highest growth in terms of aircraft deliveries and will sustain this position in the future. However, North America and Europe will continue to be the largest suppliers of aircraft. “In terms of technologies, advanced composite materials, additive manufacturing, and electrification will disrupt the design and construction of platforms, while digitalisation of aviation has already evolved into a $1.5 billion business,” he said.

For additional growth opportunities, aircraft suppliers and MRO facilities are expected to look to adopt digital technologies like blockchain, which can contribute to the mandated traceability requirements of many aerospace digital services; develop technologies such as fibre metal laminate (FML); seek opportunities to be vertically integrated with suppliers and OEM; and prepare for the servicing of next-generation airframes and engines.



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Smart Manufacturing, Digital Continuity To Provide More Visibility In Factories Of The Future

Smart Manufacturing, Digital Continuity To Provide More Visibility In Factories Of The Future

The Smart Manufacturing, Digital Continuity To Provide More Visibility In Factories Of The Future disruption in manufacturing value networks caused by the convergence of sensing, simulation, algorithms, cloud, and analytics is spawning new business models. Linear forms of manufacturing are giving way to circular and bi-directional models, which is resulting in a connected and an information-driven manufacturing ecosystem.

Meanwhile, technological advancements such as Industrial Internet of Things (IIoT), digital twins, and cyber-physical production systems are shifting manufacturers’ focus from siloed assets to digital platform solution offerings. They are increasingly combining physical functioning manufacturing with virtual planning and simulation to create new customer experiences.

“Data will be the new value-multiplier for the factory. Factory owners will strive to network various aspects of a plant (such as tools, assets, material, people, process, and services) on one digital platform. The level of integration and collaboration will offer customers unprecedented information visibility and subsequently generate value from domains that were generative before,” explained Mariano Kimbara, Industrial Group Senior Industry Analyst at Frost & Sullivan. “The digital continuity and intuitive customer experience will help customers drive smarter workflow collaboration, process optimization, and improved operational efficiencies. This will mark the beginning of an era of the collaborative manufacturing landscape.”

To make the most of the growth opportunities in the market, manufacturers need to transform their internal practices to support a collaborative manufacturing landscape, digital supply chain, changing business models, and workforce of the future. In a newly released thought leadership paper, titled Inspiring Manufacturing Transformation in the Digital Era, Frost & Sullivan notes that manufacturers can achieve the future state by adopting innovative collaborative processes and architectural transformations to achieve superior integrated business operations; shifting to digital, connected, and end-to-end manufacturing value networks; having a digital continuity platform approach to manufacturing smarter products to break down silos and foster collaboration, from design to service; fostering collaborative relationships instead of traditional vendor/customer models, while creating new channels for flexible and on-demand services; and embracing technologies such as 3D printing, artificial intelligence (AI), big data, augmented/virtual reality, and edge computing.


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Large Manufacturing Companies In Asia Pacific Could Lose US$10.7 Million Due To A Cyberattack

Large Manufacturing Companies In Asia Pacific Could Lose US$10.7 million Due To A Cyberattack

A Frost & Sullivan study commissioned by Microsoft found that a cyberattack can cost a large manufacturing organisation in Asia Pacific an average of US$10.7 million in economic loss with customer churn being the largest economic consequence of a cyber breach, resulting in US$8.1 million of indirect cost. For mid-sized manufacturing organisation, the average economic loss was US$38,000. Furthermore, cybersecurity incidents have also led to job losses across different functions in more than three out of five (63 percent) manufacturing organisations.

While the impact of data vulnerabilities and breaches can be costly and damaging to the manufacturing organisations, its supply chain and consumers, the study uncovered that half (51 percent) of the manufacturing organisations in Asia Pacific had either experienced a security incident or were not sure if they had had a security incident as they had not performed proper forensics or data breach assessment.

The study further revealed that instead of accelerating digital transformation to bolster their cybersecurity strategy to defend against future cyberattacks, almost three in five (59 percent) manufacturing organisations across Asia Pacific had delayed the progress of digital transformation projects due to the fear of cyberattacks. Delaying digital transformation not only limits the capabilities of manufacturing organisations to defend against increasingly sophisticated cyberthreats but also prevents them from leveraging advanced technologies, such as artificial intelligence (AI), cloud, and the Internet of Things (IoT), to dramatically increase productivity, empower their workforce and deliver new service lines.

These findings are part of “Understanding the Cybersecurity Threat Landscape in Asia Pacific: Securing the Modern Enterprise in a Digital World” study launched in May 2018. The findings aim to provide business and IT decision makers in the manufacturing sector with insights on the economic cost of cyberattacks and to help to identify any gaps in their cybersecurity strategies.

The initial study surveyed a total of 1,300 business and IT decision makers ranging from mid-sized organisations (250 to 499 employees) to large-sized organisations (>than 500 employees), of which 18 percent belong to the manufacturing industry.

In calculating the cost of cyberattacks, Frost & Sullivan created an economic loss model based on the insights shared by the respondents. This model factors in two kinds of losses which could result from a cybersecurity breach:

  • Direct: Financial losses associated with a cybersecurity incident including loss of productivity, fines, remediation cost, etc; and
  • Indirect: The opportunity cost to the organisation such as customer churn due to reputational damage.

“The frequency and severity of cyberattacks targeting manufacturing organisations have increased significantly in recent years, underscoring the need to protect the ever-growing volume of data generated by and made available to manufacturing organisations,” said Kenny Yeo, Industry Principal, Cyber Security, Frost & Sullivan. “By integrating security into every digital process and physical devices, manufacturing organisations can not only mitigate the loss of intellectual property (IP) and customer data but also minimise downtime as well as remediation cost resulting from cyberattacks.”


Key Cyberthreats And Gaps In Manufacturing Organisations’ Cybersecurity Approaches

For manufacturing organisations that have encountered a security incident, data exfiltration, ransomware and remote code execution are the biggest concern as these threats have the highest impact and often result in the slowest recovery time:

  • Remote code execution is a unique threat that manufacturing organisations face, and it poses a grave threat to these companies as cybercriminals can remotely access and control their operations. This allows malicious actors to disrupt production and sabotage the business.
  • As manufacturing organisations need to adhere to tight schedules and strict deadlines, a ransomware attack – where cybercriminals encrypt files to restrict users’ access until a ransom is paid – can lead to production downtime and loss of customer confidence. Manufacturing organisations not only lose time and resources in dealing with the aftermath of the attack, but the entire supply chain will also be disrupted too.

Aside from external threats, the study also uncovered several key cybersecurity gaps in manufacturing organisations:

  • Complex security environment impeding recovery time: Contrary to the common notion that more security solutions will lead to greater efficiency, a large portfolio of cybersecurity solutions may not be a good approach to bolster cybersecurity. The complexity of managing a large portfolio of cybersecurity solutions may lead to longer recovery time from cyberattacks.

The study showed that nearly three in five (57 percent) manufacturing organisations with 26 to 50 cybersecurity solutions took more than a day to recover from cyberattacks. Conversely, only 26 percent of organisations with less than 10 solutions took more than a day to recover. In fact, 35 percent of them managed to recover from a security incident within an hour.

  • Traditional tactical viewpoint towards cybersecurity: Despite the growing sophistication and impact of cyberattacks, the study revealed that majority of the respondents (41 percent) hold a tactical view of cybersecurity – “only” to safeguard the organisation against cyberattacks. While only one in five (19 percent) viewed cybersecurity as a business differentiator and an enabler for digital transformation.
  • Security as an afterthought: If cybersecurity is not seen as an enabler for digital transformation, it will undermine manufacturing organisations’ ability to build a “secure-by-design” digital project, leading to increased vulnerabilities and risks.

The study revealed that only 26 percent of manufacturing organisations who had encountered cyberthreats considered a cybersecurity strategy prior to initiating a digital transformation project. The remaining respondents either thought about cybersecurity only after the commencement of their digital transformation projects or did not think about cybersecurity at all.

“Technology advances and innovations in intelligent manufacturing are delivering game-changing breakthroughs for leading businesses in every sector,” said Scott Hunter, Regional Business Lead, Manufacturing, Microsoft Asia. “As manufacturing organisations focus on increasing data-driven products and services to differentiate themselves in the global economy, building and maintaining trust within their ecosystem of partners and customers becomes an even bigger priority.”

“Cyber attackers are constantly looking for opportunities, so the more businesses know about their techniques and tradecraft, the better prepared they will be to build defenses and respond quickly. Building organisational resilience and reducing risk by adopting a security approach that includes prevention, detection and response can make a huge difference in the overall cybersecurity health of a manufacturing organisation,” he added.


Bolstering Cybersecurity Using Artifical Intelligence

AI plays a critical role in manufacturing organisations as they increasingly rely on machine learning automation to increase their efficiency and output by scale while reducing cost and downtime through predictive maintenance. AI is also a powerful tool that can enable manufacturing organisations to defend themselves against increasingly sophisticated cyberattacks. The study revealed that 67 percent of manufacturing organisations in Asia Pacific have either adopted or are considering an AI-based approach to improve their security posture.

Cybersecurity solutions that are augmented with AI and machine learning capabilities can autonomously learn what is normal behavior for connected devices on the organisation’s network, and swiftly identify cyberthreats at scale through the detection of behavioral anomalies. Cybersecurity teams can also put in place rules that block or quarantine devices that are not behaving as expected before they can potentially damage the environment. These AI-powered cybersecurity engines enable manufacturing organisations to address one of their largest and most complex security challenges as they integrate thousands or even millions of IoT devices into their information technology (IT) and operational technology (OT) environments.


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Centurylink Is Asia Pacific’s Top Hybrid IT Service Provider For Fourth Consecutive Year

Centurylink Is Asia Pacific’s Top Hybrid IT Service Provider For Fourth Consecutive Year

Singapore: For the fourth consecutive year, CenturyLink, Inc. has been named the Asia Pacific Hybrid IT Service Provider of the Year by Frost & Sullivan. The award recognizes CenturyLink’s role in empowering Asia Pacific businesses to successfully manage different IT environments through its comprehensive portfolio of hybrid IT services that are bolstered by a secure, fiber-rich global network.

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