What can aerospace learn from the automotive sector?

By understanding how the automotive industry has adapted to challenges, aerospace firms can gain insight into how their sector will likely evolve.

The aerospace sector faces major challenges:

• Defence contracts are being cut.
• Major manufacturers are demanding cost reductions.
• Traditional markets are stagnating.
  

However, the global automotive sector overcame similar challenges in recent years. By understanding how the automotive industry has changed in response to its challenges, aerospace firms can gain insight into how their sector will likely evolve.

A new paper from Deloitte, Turbulence ahead: What aerospace can learn from the automotive sector, discusses strategies that aerospace firms can adopt to manage in a challenging environment.