Worldwide, the in-service commercial airline fleet forecasted to grow from nearly 25,000 aircraft at the beginning of 2017 to over 35,000 by 2027. The accelerated rate of new aircraft deliveries will result in a massive technology shift over the period. By 2027, 58% of the fleet will be new-generation aircraft.
To prepare for the large, forecasted growth in aircraft production, all OEM Aircraft Manufacturer and Maintenance, Repair, Operation companies (MRO) will be looking to increase efficiency through process improvements and new software.
In fact, it is safe to say that most aerospace companies are performing activities in their daily operations that will qualify for the Federal and State R&D tax credits.
If you want to know the R&D qualifying activities for the aviation and MRO industries, download the white paper.