Top Aerospace & Defense Industry Trends in 2024

As we step into 2024, the aerospace and defense industry is poised for significant transformations driven by technological advancements and relentless pursuit of innovation. The FA&D industry in 2024 promises a convergence of technological innovation, strategic planning, and global collaboration.  

Artificial intelligence 

Artificial intelligence (AI) is rapidly becoming a game-changer in the A&D industry. In 2024, we can expect an increased integration of AI into various aspects of aviation, from air traffic management to predictive maintenance. AI algorithms are being used to optimize fuel efficiency, enhance safety measures, and improve air traffic management. 

Autonomous aerial vehicles, including drones and unmanned aircraft, will see expanded applications in surveillance, cargo transportation, and even passenger travel. The use of artificial intelligence in aerospace not only streamlines operations but also enhances the decision-making capabilities of aircraft systems, ensuring a safer and more efficient flying experience. 

AI is also used in the defense sector for training the military, developing advanced weapons, surveillance purposes, and providing cybersecurity. 

Cybersecurity 

Cybersecurity is a key issue for the aerospace & defense industry, which is constantly expanding its digital connectivity. The industry depends heavily on systems, cloud computing, and data-sharing networks that are interconnected, which exposes them to cyber risks. In 2024, we expect to see more attention devoted to cybersecurity plans to safeguard essential infrastructure, confidential data, and communication networks. 

Growing emphasis on sustainability 

With growing concerns about climate change, the aerospace industry is under pressure to reduce its environmental impact. In 2024, we can expect increased emphasis on green aviation initiatives, including the development of more fuel-efficient aircraft, sustainable aviation fuels, and electric propulsion systems. With the goal of achieving net-zero CO2 emissions by 2050, since the United States signed the Paris Agreement, the A&D industry is actively developing innovative designs and sustainable technologies. This commitment is shown through a recent milestone by a major airline, where they completed their first 100% sustainable aviation fuel flight. Sustainable aviation fuel (SAF) plays a significant role in the decarbonization of long-haul aviation.  

The demand for reduced and zero-emission aviation is likely to drive the growth momentum for electric, hybrid, hydrogen, and even solar-powered propulsion technologies in the coming years. 

Hypersonic & supersonic technologies

In 2024, we can anticipate increased attention and advancements in hypersonic and supersonic technologies. One example is NASA’s X–59 Quesst program, which aims to demonstrate quiet supersonic travel by reducing sonic booms. A prominent maker of supersonic aircraft is securing investments and working with a big airline in the United States, which boosts confidence in the general potential of such technology. 

Beyond supersonic aircraft, there is a growing demand for both offensive and defensive hypersonic technology in 2024. Nations and defense contractors are investing heavily in the development of hypersonic missiles and vehicles, which offer unparalleled speed and maneuverability. These hypersonic platforms have the potential to revolutionize military capabilities by providing rapid response times. NASA’s FY24 Budget Estimates show that the US Department of Defense (DOD) and NASA have allocated budgets for developing and testing hypersonic capabilities. With the influx of spending from the DOD in this area, A&D companies have been and will likely continue to work toward operationalizing hypersonic weapons, including glide vehicles and cruise missiles.