Africa and the Middle East
Australia and New Zealand
Central and South America and the Caribbean
Entering the market at its current stage, while global supply chains are still building, is a promising opportunity.
Various opportunities exist in this growing industry.
Wisconsin companies can contribute to the growth of these priority industries.
The convention highlighted China's hubs for machinery, aviation, biomedical and advanced materials manufacturing.
Civil aircraft, defense and space-related projects all pose opportunities for Wisconsin companies.
The market value is estimated at $1.5 billion.
Initiatives in South Africa, Morocco, Algeria, Nigeria, Kenya, Egypt and Tanzania
It ranks as the seventh-fastest-growing aviation market in the world, creating opportunities for Wisconsin companies to provide parts, supplies and services for infrastructure construction and upgrades, air traffic enhancements, maintenance and repair operations, and capacity building.
While some orders were canceled, increases in production of other models provide opportunities for Wisconsin suppliers.
In addition to its domestic security needs, the country plays a role in regional security.
Peru is currently the fastest-growing economy in South America.
There are opportunities for Wisconsin firms in aircraft interiors and aerospace energy efficiency.
China's trade surplus with the U.S. is narrowing, and along with it, opportunities are rising for Wisconsin companies to export to China.
Australia is one of only two OECD nations that does not yet have a space agency.
The government plans to use drones to make deliveries to residents, and has created a prize to encourage innovative uses of drones to improve daily life.
Low-cost carriers in particular are growing rapidly, and will have a need for aircraft, parts and MRO services.
Wisconsin companies can supply some of the parts and services that are needed as the industry grows and aging aircraft require updates.
Aerospace is the most important segment of French manufacturing, and Wisconsin companies can contribute a larger share of U.S. exports to France in this category.
A strategic location and government investment are making the Middle Eastern nation into a global hub for air transport, and the country is also investing in space exploration.
India imports 90 percent of its weapons and military equipment, and recently created a new framework for foreign companies to partner with Indian firms.
Recent aircraft orders have led to a backlog that is expected to take eight years to clear, resulting in opportunities for Wisconsin companies that supply the aerospace sector.
Aviation and aerospace products are the country's leading category of imports from the U.S., spelling opportunity for Wisconsin exporters.
The environment, renewable energy, and national defense are expected to be among the top priorities of the new coalition government.
As the economy emerges from a three-year recession, opportunities exist for Wisconsin companies in the energy, agriculture, infrastructure and telecommunications sectors, among others.
Opportunities for Wisconsin companies
Wisconsin exporters should take a closer look at these strong and growing sectors.
The Indian government is focusing on opening new airports and making flying affordable for the average citizen.
With production costs subsidized by the government, the industry is successfully winning a large share of the satellite manufacture and launch market, representing an opportunity for Wisconsin companies in aerospace to contribute components and subsystems, designs, technology, parts and accessories.
Mexico is one of the world's leading markets for metal production, much of it for use in the aerospace, automotive and home appliance industries.
Aerospace & MRO Meetings Latin America, the most important business-to-business event in Costa Rica, will be held Feb. 20-23, 2017, in San Jose. The event is an opportunity for leaders in the aerospace industry, as well as companies that focus on maintenance, repair and operations (MRO), to meet with potential industry partners.
International and domestic arrivals are up significantly in South Africa. This growth means ancillary products and services will be required. Wisconsin companies in the aviation sector are encouraged to explore these opportunities.
The world’s top location for trade shows, Germany hosts about 150 international trade fairs a year, attracting up to 170,000 exhibitors and up to 10 million visitors annually. These visitors and exhibitors spend $13.4 billion annually, boosting economic output by $26.2 billion.
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.
The Ministry of Land, Infrastructure and Transport (MOLIT) of South Korea recently announced a plan to expand the Gimhae airport, located in the southern part of the country, to be more competitive as an international airport.
The Canadian aerospace manufacturing industry encompasses civil and defense activities as well as space systems manufacturing. Canada’s civil aircraft production growth is forecast to outpace the global market for the period 2014 through 2021, with 22 percent growth in Canada versus 11 percent for global civil aircraft production.
Market News Update Market: Germany Date: March 2015 Germany’s Increasing Strength in Wind Power Why this is important to Wisconsin businesses: A new cluster of startups in Germany seeks to exploit the digital revolution in the medical sector, creating new business opportunities. Industry/sector: Energy New figures from the European Wind Energy Association (EWEA) reveal that nearly 11.8GW of…
In 2015, Civil Aviation Safety Authority of Australia (CASA) spokesman Peter Gibson was quoted as saying that CASA was being inundated with an unprecedented number of applications to commercially operate drones: "They're being used in agriculture, mining, by police forces, fire brigades, aerial photography, survey work, mapping, all sorts of things… and the applications people are putting them to broadens all the time.” In September 2016, new, relaxed drone regulations come into force, and it is expected that this will help the industry take off.
India’s finance minister unveiled the national budget for fiscal year 2016-17 last month, calling for total expenditures of $295 billion—$82 billion in planned expenditures and $213 billion in unplanned expenditures. Find key highlights in this post.