Market Analysis - Mech Aero 2017
One of the most challenging areas of engineering, Aerospace Engineering deals with the development of new technology in the field of aviation, space and defense systems. Aerospace Engineering involves design and manufacturing of hi-tech systems, hence the engineer requires possessing manual, technical and mechanical ability.This discipline specializes in designing, construction, development, testing and maintenance of commercial and military aircrafts and spacecrafts. Aerospace Engineering is categorized into two branches – Aeronautical Engineering and Astronautical Engineering.Aeronautical Engineering specializes in aircrafts, missiles and helicopters. On the contrary, Astronautical Engineering includes space shuttles, rockets and space stations.
Mechanical engineering is the study, analysis, design, production and maintenance of objects and systems in motion. It is one of the oldest and broadest engineering disciplines in the world. Mechanical engineering applies principles from mathematics, physics(motion, energy and force) and chemistry (materials sciences) to design and manufacture products that are high in quality, safe and economical. Mechanical engineers don’t just work with automobiles and machines, they are also equally involved in sectors that involves design, development and manufacturing of systems in motion. Some of the industries, apart from automobiles and manufacturing, where mechanical engineers are routinely employed are biomedical devices, marine, chemicals and oil and gas industry.
Importance & Scope:
The scope of mechanical & aerospace engineering projects almost always requires that engineers work as part of a team. Moreover, both research and industry projects within the field are often international. Because of this, it can be helpful to find a program that emphasizes not only academic fundamentals and engineering practices but also teamwork, communication, and professional development. Additionally, aerospace engineering has its foundation in mechanical engineering, so earning an undergraduate degree in aerospace engineering can lead to a broad range of careers both in flight and on the ground. For example, the need for more efficient fuels for aircraft and spacecraft has led to advances in sustainable fuel sources that are now used in a broad variety of products.
Glance at Market of Aerospace and Mechanical:
The key data show that Mechanical Engineering is one of the major branches of industry in the EU-27 with a share of around 9.1% of all manufacturing industries, as measured by production. The U.S. aerospace industry contributed $118.5 billion in export sales to the U.S. economy. The global commercial aerospace seating market is expected to grow at a CAGR of 5.2% over 2015-2020.
In 2016, the U.S. aerospace industry contributed $118.5 billion in export sales to the U.S. economy. The industry’s positive trade balance of $70.5 billion is the largest trade surplus of any manufacturing industry and came from exporting 64.3 percent of all aerospace production. Industry estimates indicate that the annual increase in the number of large commercial airplanes during the next 20 years will be 3.5 percent per year for a total of 34,000 valued at $4.5 trillion (list prices).
U.S. machinery industries had total domestic and foreign sales of $413.7 billion in 2011. The United States is the world’s largest market for machinery, as well as the third largest supplier. American manufacturers held a 58.5 percent share of the U.S. domestic market. More than 1.3 million Americans were employed directly in manufacturing machinery and equipment in August 2013. These jobs are almost entirely in high-skill, well-compensated professions and trades. Machinery manufacturing also supports the jobs of hundreds of thousands of Americans in a variety of other manufacturing and service industries.
Growth percent of some developing Companies in Aerospace Industries.
Aerospace Industry Sales by Product Group (USA)
Why to attend???
With members from around the globe focused on wisdom about mechanical and aerospace, this is the most outstanding opportunity to reach the largest collection of participants from mechanical and aerospace community. They can organize workshop, exhibit , platform for networking and enhance their brand at the conference.
Major Mechanical & Aerospace Related Associations around the Globe
The American Society of Mechanical Engineers,
American Institute of Aeronautics and Astronautics
American Helicopter Society,
The Royal Aeronautical Society
Society of Flight Test Engineers
Association for Unmanned Vehicle Systems International,
Experimental Aircraft Association
Society of Flight Test Engineers
Aerospace Industries Association,
AHS International - The Vertical Flight Society
American Astronautical Society
IEEE Robotics and Automation Society
Danish Industrial Robot Association
Automated Imaging Association
The Robotics Society of America
International Centre for Heat and Mass Transfer
The Japan Society of Mechanical Engineers
The Society of Chemical Engineers, Japan
Statistical Analysis of Associations
Top Universities in USA:
Massachusetts Institute of Technology
University of California, Berkeley
Georgia Institute of Technology (Georgia Tech)
University of Illinois, Urbana Champaign
Engineers who are specialized on the particular topics like, Mechanical, Aerospace and Aeronautics, Aerodynamics etc.
Mechanical Societies and Associations
Aerospace Societies and Associations
Academia: - 70 percent
Industry: - 30 percent
Why Las Vegas:-
Las Vegas is the most populous city in the U.S. state of Nevada and the county seat of Clark County. Las Vegas is an internationally renowned major resort city known primarily for gambling, shopping, fine dining, and nightlife and is the leading financial and cultural center for Southern Nevada. A growing retirement and family city, Las Vegas is the 31st-most populous city in the United States, with a population at the 2010 census of 583,756. The city is one of the top three leading destinations in the United States for conventions, business and meetings. Today, Las Vegas is one of the top tourist destinations in the world. The city's tolerance for various forms of adult entertainment earned it the title of Sin City, and this image has made Las Vegas a popular setting for films and television programs. There are numerous outdoor lighting displays on Fremont Street, as well as elsewhere in the city.