Greeting Aerospace Exporters,
The Asia Pacific region has many high potential growth markets for the Aerospace and Defense industry. For example, Vietnam, Singapore and India’s dedicated interest in expanding the aviation sector presents many opportunities for U.S. firms to export and increase profits. Some highlights from these countries are below. Including the aforementioned, the Asia Pacific Business Outlook Conference in 2018 will host 18 global markets and allows for direct access to industry and market experts. Learn More.
Highlights
- Vietnam – CAAV estimates that Vietnam will require an investment of about $20 billion to fulfill its aviation sector development plan by 2020. Of this, $8 billion is needed chiefly for aircraft fleet expansion, $10 billion for airport construction and upgrades, and the remaining $2 billion for airport operations and air traffic management.
- Vietnam – With a growing GDP and over 90 million people, Vietnam is projected to be one of the fastest growing aviation markets in Southeast Asia over the next 10-20 years.
- Singapore – Demand for commercial and business aviation is expected to grow, fueled by Singapore’s growth as a global city and the exponential travel trends in the Asia Pacific region. With Terminal 4 due for operation in early 2018 and Terminal 5 in the 2020s, Changi Airport will be expanded to a capacity of 135 million passengers per year by around 2025.
- Singapore – ranks second in our list of top markets for U.S. aircraft parts exports due to the country’s status as a major aircraft maintenance hub.
- India – At $16 billion, India’s aviation market is currently the 9th largest in the world and is expected to be the 3rd largest by 2020, and by 2030, the largest.
- India – With its increased interest in improving regional and remote air connectivity, the GoI is advancing $110 billion in civil aviation expansion and modernization projects through 2020. KPMG recently estimated India would require over 250 brown field and green field airports by 2020. The government also plans to revive and operationalize around 160 airports in India.
Country Commercial Guides
Asia Pacific Business Outlook
April 16 – 17, 2018 ~ Los Angeles
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Special Discount for U.S. Commercial Service Clients, enter code: USCS-AP2018
Now in its 31st year, Asia/Pacific Business Outlook (APBO) is North America’s premier event for business leaders who want to expand their trade and investment in the Asia/Pacific region. The USC Marshall School of Business and the U.S. Department of Commerce have been working together on APBO since 1988 to help exporters take advantage of tremendous opportunities and overcome challenges in the constant changing economies of Asia. More than just a business conference, APBO is a comprehensive networking and learning experience designed to provide business leaders with the contacts and the latest, relevant and valuable information available–all focused, organized and distilled into two invaluable days.
The conference attracts a nationwide group of about 300 American executives who operate throughout the Asia/Pacific region. The conference provides a unique mixture of over 50 leading academic, business and government experts to advise a diverse audience of American firms on how to become more competitive in the dynamic Asia/Pacific marketplace, including private one-on-one appointments with senior commercial officers from American embassies and consulates in 18 economies.
Access 18 Markets in Two Days:
Australia, Cambodia, Canada, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Mexico, Myanmar, New Zealand, Philippines, Singapore, Taiwan, Thailand, Vietnam
Contacts for APBO: or tel: www.apboconference.com
U.S. Commercial Service Contacts
Jason Sproule –
U.S. Commercial Service, Los Angeles. Tel: ,
Erica Ramirez –
U.S. Commercial Service, Irvine, Tel: ,
