Commercial Aircraft Market in Singapore 2014-2018

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Commercial Aircraft Market in Singapore
2014-2018
One-Stop Shop for Business Information
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Summary
Singapore is a potential market for the
manufacture of commercial aircraft parts and MRO
services. Currently, there is no company in
Singapore that manufactures complete commercial
aircraft. Therefore, the country relies on the
import of commercial aircraft from other regions
such as North America and Europe. However, there
are some vendors in Singapore that manufacture
commercial aircraft parts for Airbus SAS, The
Boeing Co., and Embraer SA. The country has a
major share of the MRO in the APAC region.
Singapore Technologies Engineering Ltd. and SIA
Engineering Co. Ltd. are the major players in the
MRO market and it is expected that the MRO market
will increase in the future due to the increase
in traffic.
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The Commercial Aircraft market in Singapore is
expected to grow at a steady rate during the
forecast period. The manufacturing of aircraft
parts has gained momentum in recent years, and
the demand for aircraft parts is expected to
increase in the coming years. The Commercial
Aircraft Parts Manufacturing market in Singapore
is expected to grow at a CAGR of 14.35 percent,
and the MRO market in Singapore is expected to
grow at a CAGR of 8.19 percent during the
forecast period. There are several factors
driving the growth of the Commercial Aircraft
market in Singapore. One such factor is the
increase in the demand for aircraft parts
manufacturing. Rising air passenger traffic is
expected to fuel the domestic aircraft parts
manufacturing activities in the country. Another
major driver in the market is the rising demand
for LCCs that leads to higher demand for
commercial aircraft in Singapore.
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Despite the presence of the growth drivers, the
Commercial Aircraft market in Singapore is facing
a few challenges. One of the key challenges is
heavy reliance on the import of commercial
aircraft. There is no company in Singapore that
manufactures a complete commercial aircraft,
which forces domestic airline companies to rely
on the import of commercial aircraft.  Despite
the presence of these challenges, the Commercial
Aircraft market in Singapore is witnessing some
emerging trends. One of the key trends is the
increase in demand for MRO facilities. Many
companies are expanding their current MRO
facilities, and some companies are planning to
set up new MRO facilities in Singapore. Another
trend in the market is the adoption of open skies
policy that will improve the growth of MRO
services in Singapore.
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Table of Contents

1. Executive Summary
2. List of Abbreviations
3. Scope of the Report
4. Market Research Methodology
5. Introduction
6. Market Landscape
7. Macroeconomic Indicators in Singapore
8. Commercial Aircraft Market in Singapore
9. Manufacturing Clusters of the Aircraft Parts
   Market in Singapore
10. MRO Market in Singapore

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