A$8 billion aerospace sector could add thrust to Australian exports
03 May 2019
Singapore has a global reputation as an aviation hub, but its fast-growing aerospace industry – which includes aircraft maintenance, repair and overhaul (MRO) and manufacturing – provides opportunities for Australian exporters.
To help more Australian companies understand the market, Austrade has published an analysis of Singapore’s growing aviation and aerospace industry. It includes an overview of current industry participants, a review of market opportunities and a summary of tendering processes.
According to Leonie Muldoon, Senior Trade and Investment Commissioner in Singapore, the country’s growing aerospace sector provides collaboration opportunities in multiple sectors, including MRO, research and development, general aviation and component manufacture.
‘Singapore produces 10 percent of total global MRO output and its aerospace sector as a whole produces over A$8 billion in annual input,’ she says.
Seletar: the cockpit of high-tech aerospace
The Singapore Government is an active supporter of the aerospace industry. The 320-hectare Seletar Aerospace Park on Singapore’s north-east coast houses a vibrant cluster of over 60 local and global aerospace companies. Seletar is also home to a community of 6,000 professionals.
The city state’s strategic investment in aerospace industries has attracted global giants. The Rolls Royce factory at Seletar can manufacture 250 aero-engines per year, including for Boeing 787 Dreamliner and Airbus A380 aircraft. The company can also produce up to 8,000 titanium fan blades per year at the same site.
Pratt & Whitney, Bombardier, Bell Helicopter, Airbus and local prime contractor ST Engineering also maintain manufacturing facilities in Singapore.
‘The presence of these companies offers the opportunity for Australian companies to enter the global supply chains of major international original equipment manufacturers,’ says Muldoon. ‘This can provide global opportunities – as well as many closer to home – as these companies conduct a significant amount of regional sourcing from Singapore-based headquarters.’
For more information including Singapore market insights and entry requirements, read the sector overview.
For more information on business opportunities in Singapore’s aviation and aerospace market, contact Austrade.