Page 3 - The Machining World Express May 2024

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THE

MACHINING WORLD EXPRESS

Volume 1 No. 1 Monthly Magazine On Complete Ecosystem Of Machining Process

NEWS REVIEW TOP STORIES HALL OF FAME

Aequs Secures Semiconductor Yeskolube:
“Best Ecosystem Manufacturing: Extending the
Accelerator” Honor at Catalyst for Machining horizon
Wings India 2024 Industry Growth

Read more on Pg no. 06 Read more on Pg no. 10 Read more on Pg no. 22

AEROSPACE & DEFENSE MACHINING SPECIAL

Aerospace and Defense sectors: Rising above the

challenges by embracing the innovations

Backed by growing infrastructure and percent in the past five years alone. The tally of The aerospace sector, in particular, experienced
government backing, India’s Aerospace and domestic and international air travelers in India a notable revival, with domestic commercial
Defence (A&D) sector is on the brink of has surged to 200 million over the past decade. aviation witnessing a resurgence in demand.
substantial expansion, projected to reach an Moreover, outbound international travel from Globally, revenue passenger kilometers soared
estimated $70 billion by 2030. This upward India has surged to approximately 100 million past pre-pandemic levels, signaling a robust
trajectory is propelled by a remarkable upswing passengers in the last year, highlighting the rebound in air travel activity. This resurgence
in airline activities and passenger volumes, strong demand for airline services and seats. not only reignited confidence in the aviation
experiencing an annual surge of over 15 industry but also fueled a surge in demand
for new aircraft and aftermarket products and
services. Airlines and aircraft manufacturers alike
found themselves poised for growth as travelers
IN THE DYNAMIC LANDSCAPE OF AEROSPACE returned to the skies.
AND DEFENSE (A&D), THE YEAR 2023 HERALDED
A REMARKABLE RESURGENCE AMIDST Similarly, the US defense sector saw a surge
UNPRECEDENTED CHALLENGES. in demand, driven by a combination of new
geopolitical challenges and the prioritization
of military modernization. With nations facing

evolving threats and security concerns,
investments in defense capabilities surged,
particularly in next-generation technologies and
weapons systems. This heightened demand
not only bolstered the defense industry but
also propelled innovation and technological
advancement in defense manufacturing.
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