Irish aerospace manufacturing leaders gather in Limerick
Irish aerospace industry leaders are in Limerick today for a networking event about the future of this buoyant and important sector. The gathering at Ballyneety Golf Club will have a particular focus on how to combine the strengths in Irish Aviation, Aerospace, MRO and Leasing sectors in Ireland to build on global growth opportunities.
Organised by ADS Ireland – the Irish arm of the trade organisation for companies in the Aerospace, Defence, Security and Space sectors – the event will be attended by representatives of manufacturing companies and suppliers operating in the aerospace industry. These include sponsors Hard Metal Machine Tools, Almir, Impact, Geo Kingsbury, Doosan, Procad, and Takumi.
The commercial sector of the aerospace industry is valued at around $300bn. Passenger flights are expected to increase around 5% per year over the next 20 years, which will contribute to increases in aircraft production. Indeed, the Deloitte 2017 Global Aerospace and Defence Sector Outlook found that production of commercial aircraft is expected to grow from 1,456 this year to 2,045 in 2032 – an increase of 40% in 15 years.
Irish manufacturers are significant suppliers of components to the UK aerospace industry in Northern Ireland. The UK aerospace sector is the largest in Europe and second globally to the US.
Hard Metal General Manager Thomas Kelly said: “The ADS Networking Event is a great opportunity to share ideas and listen to industry leaders speak about the challenges and opportunities which exist for manufacturers in the aerospace sector.
“Ireland has tremendous technical knowledge and manufacturing expertise, and we’re also a world-leading centre for aircraft leasing. This event will allow us to look at how we can harness these strengths to secure work associated with the remarkable growth in the aerospace industry, and make Ireland a global centre of excellence in aerospace and aviation.”
Contact Hard Metal for more information.