The aerospace industry has gone through a large amount of uncertainty over the past few years. The global aerospace parts manufacturing market size was estimated at USD 907.2 billion in 2019 and is expected to expand at a CAGR of 4.1 percent from 2020 to 2027. Rising demand for lightweight, new-generation, and fuel-efficient aircraft, owing to the emphasis on reducing greenhouse emissions, is predicted to boost the growth.
Established in 2001, Wave Mechanics, based in Bengaluru, is a precision parts manufacturing company that offers end-to-end services for complex, high precision mechanical requirements from importing raw material and process documentation to post-machining unique processes and assembly. The company supplies fully finished precision parts or mechanical kits ready for integration.
"Wave is led by two of the youngest entrepreneurs in the aerospace industry. We left comfortable jobs in the United States & returned to India with a mission to put Wave & thereby India, on the map as a truly world class destination for aerospace manufacturing. We have brought innovative solutions to traditional problems & hope to continue on the path of sustainable growth", stated Mayank Dalmia, Director, Wave Mechanics.
Differentiating Products to Stand-Out in the Market
Wave Mechanics specializes in delivering solutions for the aerospace, high-frequency microwave electronics, medical & telecommunication industries as an export-oriented unit. On the aerospace side, the company's products are primarily used in electro-optics, RF electronics, avionics & airborne structures. The primary service Wave offers is to provide clients with finished assemblies & components.
"Be it aerospace or medical, we don't shy away from complex engineering challenges. Our expertise & familiarity with complex 5-axis machining allows us to produce parts with unique & challenging geometries. Through effective project management, we have been successful in some very complex projects involving multiple metallic assemblies with several critical tolerance & finishing requirements", added Mayank.
We have brought innovative solutions to traditional problems & hope to continue on the path of sustainable growth
Furthermore, Wave is positioned as a go-to partner for large & midsized OEMs & tier 1s in the aerospace, electronics & medical industries. The company provides a one-stop solution for their components & sub-assemblies manufactured to specifications, with quality & timely delivery. Wave focuses on understanding the exact needs of its customers to provide them with a complete solution, all the way from raw material procurement to assembly & testing, be it small batch sizes or large volumes. The company is also specialized in complex & critical airborne requirements that involve multiple processes & stringent tolerances.
Alongside, Wave has specialized in the export market, primarily working with companies from abroad. The key export markets are the United States, United Kingdom, France, Germany, Italy, Israel & Australia. However, the company is expanding its footprint in the Indian market & hopes to become a preferred destination for precision manufacturing for high-tech or complex needs. Recently, Wave set up & commissioned their second unit in Bengaluru, which commenced production in November 2020.
This unit has been designed to world-class standards & its objective is to work with the finest OEMs & tier 1s in the aerospace & other high-tech domains. In the next two years, the company hopes to set up their third unit, at the aerospace park in Devanhalli. This unit will further expand Wave's capabilities & service offerings to its customers, making them a trustworthy single-source solution provider.
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