Aviation shines ray of hope on IT Companies

Major IT companies seem set to ride on the aviation sector to pass through the tsunami of slowdown. Companies like IBM, Wipro, Honeywell and Siemens were seen exhibiting and sponsoring in the Aero India 2009.
The effect of recession is yet to hit this sector as it runs on a long-term credit basis. A lot of projects have regarding CAM (Computer Aided Manufacturing), CAD (Computer Aided Design) and PLM (Product Lifecycle Management) software that were promised years back are still under implementation.
A Siemens representative at the show said that the company is looking at more partnerships for its PLM software. Currently, the aviation sector accounts for about 20 percent of the total Siemens revenues, but seeing the declining demand from other sectors, the contribution of aviation is expected to reach to around 30 per cent. He said, “Apart from aerospace, we have similar products line for the auto, manufacturing and telecom sectors as well, but the drop in demand from these sectors are very high compared to that of aviation.”
Another software company, Accord Software and Systems works in Aviation, IT Services and Digital Signal Processing. It provides Global Positioning Systems (GPS)-based navigation devices.
However, in the commercial segment, he sees a good business opportunity with Airbus Industrie.
Justino Fernando, Business Development Executive at Wipro Technologies mentioned about the company’s plan to tap the aviation sector. She said that the company has signed many agreements, like the latest being with BAE Systems, and is looking forward at more collaborations. About four years back, Wipro forayed into the aviation services and designing. Currently, it has 450 engineers in its aerospace division and is looking at doubling its headcount in a year.
16/02/09 Akanksha Prasad/IT Examiner

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Categories: Indian Aviation- In General Feb 2009