what is the motivation for startups in aerospace industry
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Asked 20th Oct, 2020
Krishna Murari
Hindustan Aeronautics Limited
What is the motivation for startups in Aerospace industry?
Aerospace industry is based on innovative and path breaking technologies specifically in the field of Aeronautical design, development, materials, manufacturing processes, and quality. Most of the new technologies are developed and introduced in this industry due to its major role in fighters, drones, Satellite, etc.
The startups in high tech area take very high risks as the gestation period of investment is long and returns on investment are low. In addition, a few rejections of the design or product may lead to closure of startup. Despite of huge risk, entrepreneurs start startups.
This phenomenon is quite interesting but I find very less literature on it. I like to get the answers to my question "What is the motivation for startups in Aerospace industry?" despite of huge risk from the scholars of motivation, startup and aerospace fields.
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Answer:
The aerospace industry has the challenge of building more aircraft with a shorter time to market. The new planes will be lighter, faster and more efficient. These aircraft of the future drive new demands on product design, production planning, engineering and execution, as well as service. Digital Enterprise is the comprehensive portfolio from Siemens for the digital transformation with solutions for the specific requirements of Aerospace.