Revenue Impact of Digital Engineering in Aerospace and Defense
The aerospace and defense sectors contributed to revenue growth for Indian engineering service providers in Q4FY24. Companies specializing in aircraft design, avionics software, and defense simulation services secured contracts from global defense manufacturers. Digital engineering solutions, including AI-driven maintenance, 3D modeling, and predictive analytics, enhanced operational efficiency in aerospace projects. However, geopolitical factors and strict regulatory requirements influenced market dynamics. This report examines how aerospace and defense engineering services impacted Q4FY24 revenue performance and future opportunities.