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Frost & Sullivan: Asia Pacific Focus of Growth Opportunities in Manufacturing, MRO and Airport Development

7 pages
Frost & Sullivan: Asia Pacific Focus ofFrost & Sullivan: Asia Pacific Focus of Growth Opportunities in Manufacturing, MRO and Airport Development PR Newswire SINGAPORE, Feb. 28, 2014 -- Fueled by national economic growth and the increasing accessibility of air transport services, the total traffic for the region will grow 6.3 percent annually The Asia Pacific region is set to be the largest market for new commercial aircraft with orders expected to top 12,820 by 2032. This figure is significantly more than those of from Europe and North America respectively, markets which traditionally do well but have become saturated. Subhranshu Sekhar Das, Director, Aerospace & Defense Practice, Frost & Sullivan Asia Pacific said, "The popularity of cheap, short-range travel within the region is a major reason for this strong growth. Results from the recent Singapore Airshow further demonstrated this – with US$32 billion in deals, largely from emerging Asian low-cost carriers looking to meet this demand." Aircraft Manufacturing The aerospace manufacturing industry is also expected to receive a boost from this. It is expected that the narrow and wide body market will generate close to US$5 trillion over 20 years, with new programs and players entering the market. The key challenge in this area will be the entry of the supply chain due to certifications.
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Frost & Sullivan: Asia Pacific Focus of Growth Opportunities in Manufacturing, MRO and Airport Development

PR Newswire

-- Fueled by national economic growth and the increasing accessibility of air transport services, the total traffic for the region will grow 6.3 percent annually

The Asia Pacific region is set to be the largest market for new commercial aircraft with orders expected to top 12,820 by 2032. This figure is significantly more than those of from Europe and North America respectively, markets which traditionally do well but have become saturated.