The Singapore Airshow is Asia’s largest aerospace and defense event and is one of the top three air shows in the world, serving as an international marketplace and networking platform for the global aerospace community. Encompassing all civil and military sectors of the international aerospace industry, the Singapore Airshow is the most prominent platform in the Asia-Pacific region for companies to showcase aerospace products and services.
WTC Utah is providing a booth dedicated to Utah companies to help you be successful at the show. This is a valuable opportunity that should be taken advantage of if your business is in the aerospace industry. Additionally, STEP Grant funding is available for those who qualify.
2018 Show Statistics:
- 54,151 trade attendees from 147 countries and regions (12.3% increase over the last event)
- 1,062 participating companies from 50 countries
- 287 VIP delegations from 91 countries and regions
- 1,464 exhibitor -delegation meetings
- 816 accredited media representing 255 media outlets
Exhibitor Breakdown by Region
- Asia Pacific/Oceania 19%
- South East Asia 24%
- Americas 28%
- Europe/Middle East 29%
Visitor Breakdown by Interest
- Aircraft (Fixed & Rotary) and Airframes 32%
- Avionics, Aircraft Interiors, IT and Security 34%
- Engines, MRO, Parts and Components 25%
- ATC, ATM, Radar and Navigation 19%
- Leasing, Financing and Aviation Services 20%
- Design, Engineering, Manufacturing and Testing 15%
- Training, Simulation and Education 12%
- Airport Systems and Equipment 30%
- Land Defence Technology and Equipment 29%
- Space Systems, Satellites and Connectivity 20%
- Unmanned Systems, Drones, Parts and Components 27%
- Air Defence, Security and Weapon Systems 19%
Visitor Breakdown by Business Activity
Business & General Aviation 23.6% Civil Aviation 13.6% Government 14.4% Others 15.8% Military / Armed Forces
The Asia-Pacific region is widely considered the most promising market for the aerospace industry worldwide. As a leading global aviation hub in Asia Pacific, Singapore (the United States’ 13th largest export market in 2016) can serve as an excellent base for taking advantage of growth opportunities stemming from the region’s brisk international trade, tourism and investment climate. U.S. aerospace firms looking to establish or expand business in Singapore and other markets in this dynamic region stand to benefit from participating in the Singapore Airshow.
In addition to hosting the Airshow, Singapore is the regional leader in aerospace maintenance, repair and overhaul (MRO), manufacturing, and research and development. Since 1992, Singapore’s aerospace industry has grown at an average annual rate of 10% to become the most comprehensive MRO hub in Asia.
Aerospace is one of the fastest-growing industries in Singapore, and the long-term business outlook remains positive. According to business consulting firm Frost & Sullivan, the Asia-Pacific aviation industry is experiencing a faster recovery from its undesirable passenger load factor than anticipated. In fact, Asia-Pacific economies are leading the pace of recovery in the global aviation sector: the Asia-Pacific region is expected to account for approximately 40% (U.S. $270 billion) of the global airline revenue by 2020. The air freight and cargo business has also experienced consistent growth in the Asia-Pacific region. Also, the rising GDP per capita across Asia-Pacific and the increasing level of disposable income of the population will lead to an increase in air travel and therefore higher demand on cabin interiors. Singapore is particularly well-equipped to capture the demand from aviation-related services from this market given its MRO hub status, which will translate into greater opportunities for American suppliers to sell to this lucrative market and beyond.
Apply for Step Funding
The STEP Grant is funded in part through a grant with the U.S. Small Business Administration, the State Trade Expansion Program (STEP) Grant seeks to help Utah businesses enter and expand into dynamic global markets. This initiative aims to increase the number of small businesses exporting in Utah, increase revenues and sales of Utah-made goods and services, and increase Utah’s GDP through international trade.
Click below to apply for the STEP Grant and a chance to represent the state of Utah at the Singapore Airshow.
If you would like to attend the Singapore Airshow with STEP Grant funding, please contact Jim Porter.