Aerospace companies all over the world are under pressure to globalize their supply chains to access new markets, be closer to their customers, and to better manage risk. Many are now turning to Asia as part of the answer. Airbus and Boeing have projected that over a third of worldwide aircraft deliveries will be Asia-bound in the next two decades. By 2031, Asia-Pacific’s fleet is expected to triple to about 13,500 aircraft. The South East Asia region is emerging as a key market, particularly Indonesia, Vietnam and the Philippines.
The aerospace sector is going to emerge as one of the strongest sectors in South East Asia over the next few years, creating countless opportunities for aerospace manufacturers, maintenance, repair and overhaul (MRO) companies, and general aviation and aerospace players alike. Aircraft wait-lists extend to years, low-cost carriers (LCC) place orders in billions not millions of dollars, and just about everybody in the burgeoning populace in South East Asia is eager to take to the skies.
This report analyzes the staggering growth of the aerospace sector in South East Asia. It serves to highlight the current trends that dominate the aerospace landscape within the Association of South East Asian Nations (ASEAN) member countries that are moving toward the vision of a unified marketplace. From such a gallery view, it is hoped that we can highlight opportunities in the ASEAN market.
Orissa International regularly undertakes market research projects in various sectors in South East Asia for trade promotion agencies and individual companies. With more than 20 years of experience in helping companies with their market entry into South East Asia, our in-country research teams have acquired extensive and practical hands-on industry knowledge.
Research in each country is undertaken by an in-market analyst. Our physical presence in the market gives us an ability to engage directly with local industry contacts, keep track of commercial opportunities in the market, and monitor the latest trends and industry events that impact the market.
We undertake desk research to gather as much secondary data and information from a variety of credible sources. These include our proprietary distributor databases, specialist trade press, business and mainstream press, industry news and events, market studies, financial reports, trade associations, as well as company profiles, publications, and annual reports. Orissa International applies various processes and a series of quality checks to validate data and information to ensure the quality, completeness and accuracy of our reports.
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