Essay on Management - Aerospace Industry

MANAGEMENT

Table of Contents
Introduction................................................................................................................................2
Profile of selected industry with innovative trends....................................................................2
a. Innovation system...............................................................................................................3
Globalisation of research and development innovation centres.................................................9
Conclusion................................................................................................................................10
References................................................................................................................................11

Introduction
The essay brings out a discussion on aerospace industry, which involves manufacturing,
research, development of flight vehicles, heavier than aircraft, lights aircraft, and missiles in
its operations. The theme of this essay identifies the innovative trends in aerospace industry
through Sectoral and technological Innovation Systems. Innovation systems include
interaction between systems in creating number of technological innovations, which diffuses
one or more technological innovation in the industry.
The theme of the essay is to study new innovative systems and other changes based on the
procedure of technological change in the aerospace industry. It has been seen that traditional
approach of innovative systems focus on the structure of the innovative systems, which is not
sufficient. For the analysis, the theme of essay brings out themes on sectoral and
technological innovation systems. This is because both approaches can provide them
integrated, dynamic, and multidimensional view of aerospace industry. Furthermore, it
facilitates diffusion and application of how technology has upgraded the chosen sector.
Profile of selected industry with innovative trends
With the changes in the dynamic environment, Aerospace industry employs advanced
technology that includes six aerospace technologies such as Zero-fuel aircraft, structural
health monitoring, advance space technologies, smart automation, blockchain, and 3D
printing (Ismagilova et al., 2017). Current contemporary innovative trends and issues state
that flight costs and emissions have reduced by embedding hybrid and electric engines.
Single pilot needs high degree of cockpit design and automation. For example- Additive
manufacturing is a key innovative trend in the aerospace sector, which consolidate materials
to cut overall assembly costs of aerospace industry (Binz, and Truffer, 2017). It gives
members of industry freedom to produce parts on demand, which can make supply chain

more efficient. Topmost issues for aerospace is the use of AS 9100 on horizon even when
ISO 9001 has published, diversifying commercial aerospace from defence sector, which leads
to decline in revenue. Defence contractors can re-examine and enhance interface with
suppliers to eliminate inefficiencies (Tarraço et al., 2019).
Here are some of the trends of the industry in relation to different nations, which are ranked
according to the exporting of Aerospace products such as US with Aerospace exporter of
$139.1 billion, second France with export of $51.8 billion, and Germany at third with $41.4
billion (Proponent, 2018). With the contextual to sectoral innovation system and technology,
it comes up with exotic expertise employees who have appropriate knowledge for critical
components of flight (Northwest Aerospace Alliance, 2017).
a. Innovation system
Sectoral Innovation Systems
The aerospace industry is significantly concerned with three building blocks, which includes
extensiveness depending of knowledge and technology through domestic sources. Second
building block comes up with drastic changes in knowledge to consider both domestic and
foreign sources (Ismagilova, Gileva, and Glukhov, 2017). The third phase includes shift in
the demand of public sector enterprise for fast growth. SSI framework identifies main
elements such as leading actors in sector, highlighting the domain of knowledge,
development, and forecasting demand (Science Tech, 2019). To forecast the demand,
aerospace companies estimate customer preferences by identifying external factors.
knowledge determines precision machines parts that will withstand in varied conditions,
which is utilised in helicopter, satellites, rockets, and NASA space flights (Thurner, and
Zaichenko, 2016).