Singapore Aerospace And Defense Mro Market Size & Outlook
Singapore aerospace and defense mro market, 2018-2030 (US$M)
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Singapore aerospace and defense mro market highlights
- The Singapore aerospace and defense mro market generated a revenue of USD 7,692.0 million in 2021 and is expected to reach USD 15,252.2 million by 2030.
- The Singapore market is expected to grow at a CAGR of 7.9% from 2022 to 2030.
- In terms of segment, engine was the largest revenue generating product in 2021.
- Line is the most lucrative product segment registering the fastest growth during the forecast period.
Aerospace and defense mro market data book summary
| Market revenue in 2021 | USD 7,692.0 million |
| Market revenue in 2030 | USD 15,252.2 million |
| Growth rate | 7.9% (CAGR from 2021 to 2030) |
| Largest segment | Engine |
| Fastest growing segment | Line |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine, Airframe, Line, Components |
| Key market players worldwide | AAR Corp, SIA Engineering Co Ltd, Embraer SA ADR, Air France-KLM, RTX Corp, Delta Air Lines Inc, General Dynamics Corp, MTU Aero Engines AG, Deutsche Lufthansa AG, Honeywell International Inc, Boeing Co |
Other key industry trends
- In terms of revenue, Singapore accounted for 7.2% of the global aerospace and defense mro market in 2021.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aerospace and defense mro market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 32,225.2 million by 2030.
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Aerospace And Defense MRO Market Scope
Aerospace And Defense MRO Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore aerospace and defense mro market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerospace and defense mro market will help companies and investors design strategic landscapes.
Engine was the largest segment with a revenue share of 45.99% in 2021. Horizon Databook has segmented the Singapore aerospace and defense mro market based on engine, airframe, line, components covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore has emerged as one of the most diverse clusters of aerospace companies in Asia Pacific. The Economic Development Board (EDB) of the country that plans and executes economic development strategies in Singapore, has selected aerospace as one of eight target industries for the incorporation of advanced technologies and manufacturing practices.
The board aims to maintain the status of the country as a leading aerospace hub in Asia Pacific by becoming highly competitive and innovative in the domain of aircraft MRO services and aircraft part production.
According to our primary sources, Singapore has more than 150 aerospace companies and acquired approximately 25% of aircraft MRO market of Asia Pacific representing 90% of its aerospace sector. Continued investments in the MRO capacity of the country solidify its international position as an aerospace hub for Asia Pacific.
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Target buyers of Singapore aerospace and defense mro market databook
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Our clientele includes a mix of aerospace and defense mro market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Singapore aerospace and defense mro market , including forecasts for subscribers. This country databook contains high-level insights into Singapore aerospace and defense mro market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore aerospace and defense mro market size, by product, 2018-2030 (US$M)
Singapore Aerospace And Defense MRO Market Outlook Share, 2021 & 2030 (US$M)
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