By Research and Markets (http://www.researchandmarkets.com/research/r4xlzt/commercial) has announced the addition of the "Commercial Aircraft Market in Singapore 2014-2018" report to their offering.
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.
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.
Commenting on the report, an analyst from the researchers' team said: The Commercial Aircraft market in Singapore is witnessing strong demand for the MRO of commercial aircraft. The geographic location of the country, increase in air traffic, and aircraft movements from the airport are some of factors which propel the demand for MRO services. Currently, Singapore is the leading MRO service provider in the APAC region; nevertheless the country focuses more on providing MRO services. Many MRO companies are either planning to open new MROs or expanding their current MRO facilities. For instance, Vector Aerospace has announced it is to open an MRO facility at Singapore's Seletar Aerospace Park that will cost US$50 million. Additionally, Jet Aviation Management AG is also planning to build a hangar adjacent to its current facilities in Seletar Aerospace Park.
According to the report, 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.
One of the key challenges is the 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. .
Key Topics Covered:
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. Commercial Aircraft Parts Manufacturing Market in Singapore
10. MRO Market in Singapore
11. Key Market Activities
12. Training Institutes in Singapore
13. Market Growth Drivers
14. Drivers and their Impact
15. Market Challenges
16. Impact of Drivers and Challenges
17. Market Trends
18. Trends and their Impact
19. Vendor Landscape
20. Key Vendor Analysis
Companies Mentioned
- Asian Surface Technologies
- Index precision Industries
- Meggitt Aerospace Asia Pacific
- SIA Engineering
- ST Engineering
- Singapore Aerospace manufacturing
For more information visit http://www.researchandmarkets.com/research/r4xlzt/commercial
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