Hyderabad, May 06, 2013 -The Singapore Airshow 2014 will become the most important events on the global aerospace and defense calendar as Asia becomes an ever more significant market with defense spending in Europe and the US being held back as Govts. look to reduce spiraling dent levels, defense manufactures are looking to Asia to take-up the slack. It is a similar story with commercial aviation.
According to ICF & Sh&H analysis, the Asia-Pacific regions commercial fleet has expected to grow at an average annual rate of 5.3% until 2019 within the MRO segments, the global market is expected to grow to $76 billion by 2021 and the Asia-Pacific MRO market is a key driver of this growth.
With Asia set to keep on growing notwithunderstanding any possible short term challenges and uncertainiety, Singapore Airshow will the strategic marketing plan for aviation and defense companies worldwide.
No comments:
Post a Comment