Aerospace companies still set to invest in ‘green opportunities’ despite Covid-19 reveals new report

Featured Latest News

Creating a greener aerospace sector is key to the industry bouncing back from Covid-19 according to new research released today.

The second part of Protolabs’ Horizon Shift report, which involved aerospace business leaders from across Europe, reveals that more than three quarters of firms (77%) expect environmental credibility to become a key differentiator moving forward, whilst 72% indicate that new materials will be the driving force in lowering emissions and making flying cleaner.

65% believe investment in innovation that reduces emissions should continue despite the pandemic, with 42% now transforming their supply chains as part of the innovation drive to cut down CO2 output.

Senior executives from Composite Technology Center, Schiebel Group and Tecnam were among senior leaders recently interviewed to understand how this critically important market was looking to recover from the far-reaching impact of Covid-19.

The latest survey, which was conducted as a follow-up to an initial report of 325 executives taken in February and March, presents a unique insight into the sector, particularly in regard to what has changed as a result of the pandemic.

In addition to environmental improvements, companies are also looking for Government support and stimulus packages to help them create new revenue streams, embed innovation in the supply chain and bring new products to market quickly.

39% believe that there needs to be more immediate investment in infrastructure, whilst 33% are calling on more supportive fiscal policy, such as tax breaks or R&D grants.