Why this is important to Wisconsin businesses: Opportunities for Wisconsin’s aerospace manufacturers, MRO companies and general aviation and aerospace players
The liberalization of the air services regime within Southeast Asia’s common market is leading to a proliferation of low-cost carriers, allowing many people to fly for the first time. Singapore’s Changi Airport is an increasingly important hub for air travel within Asia; its growth by the end of the next decade is projected to double to 135 million passengers per year. The aviation sector is expected to contribute $65 billion to Singapore’s GDP by 2035.
Singapore is investing billions in new infrastructure and facilities to increase capacity in preparation for the growth in Asia's air travel market, opening a up new opportunities. Development plans for the next decade include the construction of a fifth mega-terminal and the implementation of a four-runway system.
In tandem with the expansion of Changi Airport, there is a growing demand for aircraft repair capacity and parts. Singapore is also looking to improve productivity and competitiveness by investing in technology and automation. Opportunities abound in almost every area in the aviation sector:
- Design, program management and certification of aircraft interiors, avionics and structural repairs
- Airframe heavy maintenance work
- Engine overhaul
- Component repair
- Upgrading interior cabins
- Development of automated repair techniques
- Solutions to improve the productivity of baggage and cargo handling
- Application of big data to track parts and inventory when managing the volume and movement through an MRO facility
- Passenger-to-freighter conversion
- The business aviation sector, particularly maintenance and VIP configurations
With increasingly crowded skies, air navigation service providers require not just better hardware, equipment and facilities, but also a larger and more highly trained workforce.