Collaborative manufacturing network META will launch a new National Commercial Aerospace Hub today.
META – the Manufacturing Excellence Taskforce of Australia – will make the announcement at 1:05 pm today at the CAPA Australia Pacific Aviation Summit 2014, at Sydney’s Sheraton on the Park.
According to META, which has partnered with Aviation/Aerospace Australia for the hub, the goal is to create “connections between Australian manufacturers, researchers and industry experts” to take advantage of growing opportunities in the commercial aerospace sector.
The opportunities, according to those involved in the hub, are vast, pointing to Deloitte Touche Tohmatsu research predicting 36,770 wide-body passenger aircraft (worth $5.5 trillion) to be delivered globally in the next two decades.
The hub’s goal is to “take advantage of huge untapped opportunities” in the global market, said META’s managing director, Zoran Angelkovski, in a statement.
The statement also cites room for greater participation by Australian metal component firms, who represent a mere $200 million of a $50 billion market in global procurement.
The hub launch follows similar announcements from META in May for a Carbon Fibre Hub and in July for a Sports Advanced Manufacturing Hub. The hubs, like the Commercial Aerospace Hub, are geared towards increasing Australia’s contribution to their relevant markets through engagement.
META's members include what it calls “high performance manufacturing businesses”, Australia’s universities and the CSIRO.