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.
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.
Source: TechNavio Analysis
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.
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.
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Commercial Aircraft Market in Singapore
03.2 Commercial Aircraft Parts Manufacturing Market in Singapore
03.2.1 Gas Turbine Engines
03.2.2 Landing Gears
03.2.3 Windows and Windshields
03.2.4 Lighting
03.2.5 Structure
03.2.6 Other Parts
03.3 MRO Market in Singapore
03.3.1 Engine Services
03.3.2 Airframe Services
03.3.3 Component Services
04. Market Research Methodology
04.1 Market Research Process
04.2 Research Methodology
05. Introduction
06. Market Landscape
06.1 Industry Overview
06.1.1 Singapore: Market Snapshot
06.2 Five Forces Analysis
07. Macroeconomic Indicators in Singapore
08. Commercial Aircraft Market in Singapore
08.1 Market Overview
09. Commercial Aircraft Parts Manufacturing Market in Singapore
09.1 Market Overview
09.2 Supply Chain Analysis
09.3 Market Size and Forecast
09.4 Manufacturing Clusters of the Aircraft Parts Market in Singapore
10. MRO Market in Singapore
10.1 Market Overview
10.2 Supply Chain Analysis
10.3 Market Size and Forecast
10.4 Service Offering of MRO in Singapore
10.5 MRO Services by Types
11. Key Market Activities
11.1 Air Route of Singapore-Jakarta—One of the World's Fastest Growing Air Routes
11.2 Singapore Airlines Ordered 50 A350XWB Aircraft
11.3 Vector Aerospace Planning to Open an MRO Facility in Singapore
11.4 Tata Joined Hands with Singapore Airlines to Start New Airlines in India
11.5 Changi International Airport Awarded the Best Airport in 2013
11.6 Some Major Airlines in Singapore
11.7 Some Major Airports in Singapore
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
19.1 Competitive Scenario
19.2 Major Players in the Commercial Aircraft Market in Singapore
19.3 Other Prominent Vendors
19.4 Industry Associations
20. Key Vendor Analysis
20.1 Index Precision Industries Pte Ltd.
20.1.1 Business Overview
20.1.2 Business Segmentation
20.1.3 Key Information
20.1.4 SWOT Analysis
20.2 SIA Engineering Co. Ltd.
20.2.1 Business Overview
20.2.2 Business Segmentation
20.2.3 Key Information
20.2.4 SWOT Analysis
20.3 Singapore Aerospace Manufacturing Pte Ltd.
20.3.1 Business Overview
20.3.2 Business Segmentation
20.3.3 Key Information
20.3.4 SWOT Analysis
20.4 Singapore Technologies Engineering Ltd.
20.4.1 Business Overview
20.4.2 Business Segmentation
20.4.3 Key Information
20.4.4 SWOT Analysis
21. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Aircraft Manufacturing Market Segmentation
Exhibit 3: Commercial Aircraft Parts Manufacturing Market and MRO Market in Singapore
Exhibit 4: Supply Chain of the Commercial Aircraft Parts Manufacturing Market in Singapore
Exhibit 5: Commercial Aircraft Parts Manufacturing Market in Singapore 2013-2018 (US$ million)
Exhibit 6: Manufacturing Clusters of the Aircraft Parts Market in Singapore
Exhibit 7: Supply Chain of the MRO Market in Singapore
Exhibit 8: The MRO Market in Singapore 2013-2018 (US$ million)
Exhibit 9: Service Offering of MRO in Singapore
Exhibit 10: MRO Services by Types
Exhibit 11: Airport in Singapore
Exhibit 12: Passenger Traffic at Changi International Airport (in millions)
Exhibit 13: Impact of Increase in Air Traffic
Exhibit 14: Current Fleet of Major Airlines in Singapore
Exhibit 15: Business Segmentation of Index Precision Industries Pte Ltd.
Exhibit 16: Business Segmentation of SIA Engineering Co. Ltd.
Exhibit 17: Business Segmentation of Singapore Aerospace Pte Ltd.
Exhibit 18: Business Segmentation of Singapore Technologies Engineering Ltd.
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Published On : December 2019
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Published On : December 2019
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Published On : December 2019
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Published On : December 2019
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