Frost & Sullivan: ASEAN's Aerospace, Defense and Maritime Industries Set for High Growth between 2013 to 2015

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• Publié par: frost-sullivan
• Nombre de lectures: 32
• Langue: English

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Frost & Sullivan: ASEAN's Aerospace, Defense and Maritime Industries Set for High Growth between 2013 to 2015

PR Newswire

KUALA LUMPUR, Malaysia, Jan. 2, 2013

KUALA LUMPUR, Malaysia,Jan. 2, 2013/PRNewswire/ -- The commercial

aerospace, defense and maritime industries are set for high growth over the

next few years in the ASEAN region. Increasing economic development,

rising demand for travel and trade in the region have especially been driving

the need for the region to strengthen its air and sea transport infrastructure to

meet up with these demands.

HW LIMA together with knowledge partner Frost & Sullivan plans to address

new market opportunities and shed insights on the future of Aerospace,

Defense and Maritime Industries at the Langkawi International Maritime and

Aerospace (LIMA) Exhibition, happening inMarch 2013.

"LIMA has been getting a lot of enquiries from new to market companies,

which we attribute to the importance of the Asian market vis-a-vis what is

currently happening in Europe and the United States. We have partnered

with Frost & Sullivan with the aim to continue driving growth by delivering

more to our participants. Our new tag-line 'Delivering Asian Markets'

encompasses our overall strategy to provide an effective and relevant

platform in a region widely considered to be the world's leading growth area

for aerospace and maritime," said Mr. Ahmad Dzuhri Wahab, Managing

Director of HW LIMA Exhibitions.

On the commercial aviation front, the introduction of LCCs and airport

developments in the region are expected to drive growth of this industry in the near future. According to Frost & Sullivan, passenger traffic across airports in the five major ASEAN countries of Malaysia, Singapore, Indonesia, Philippines and Thailand, is expected to reach close to 318 million passengers by 2017.

Growth of maritime is expected to be driven by increasing port development in countries such as Singapore and Malaysia in efforts to increase their traffic handling capacities. The total sea freight traffic handled in this region is