Wisconsin companies that serve the aerospace industry may find opportunities to partner with businesses in South Korea.

The government’s commitment to upgrade equipment and aircraft creates potential for Wisconsin companies to participate in a wide variety of defense sectors.

The exposition draws major corporations in the aircraft and aerospace industry and is a chance for Wisconsin companies in that field to make connections and learn about the latest innovations.

Southeast Asian countries are seeking alternative suppliers and Wisconsin companies may be able to fill some of the gaps.

After successfully launching its domestically produced Nuri rocket, South Korea plans to boost investments in the space industry, and Wisconsin companies could provide components to fuel that growth.

Wisconsin companies are strong in automation and Industry 4.0 technologies, and could find market opportunities in India.

Wisconsin companies can explore a wide variety of research, development and infrastructure-related partnerships with UK companies on green energy initiatives.

Wisconsin exporters with products, services and expertise in the defense sector could find market opportunities in Australia.

Wisconsin’s cutting-edge research and development in nanotechnology, engineering and power control systems, as well as its world-class universities and technical colleges, could help the climate change initiative reach its goals.

Scotland hopes to be among the world leaders in space industry research and jobs, and a new U.S. contract will boost those ambitions.

Aeronautic components, equipment and services are needed for France’s active aerospace sector.

The UAE is working to transform into an exporter and will need parts, components and machinery to achieve this; Saudi Arabia is becoming a world leader in digitization and needs cybersecurity infrastructure to match.

Wisconsin companies can lend their expertise to this growing sector.

Education at all levels, including adult learners, has gone online with the pandemic.

The island nation is seeking to grow more of its own food domestically, and Wisconsin companies can aid in the transition.

France’s aerospace sector appeared to be in total crisis following the shutdown of the aeronautics sector, and in particular the grounding of all aircraft, due to the pandemic. In July, Air France/KLM Managing Director Benjamin Smith announced layoffs of 7,585 employees until 2022 via voluntary departures and non-renewal of contracts. Air France has lost €2 billion in revenue (a drop of 40%) due to reduced air traffic, since their strategy had focused on the passenger market rather than maintaining supply to the French military. Air France remains one of the major buyers for the French aerospace industry, which means the pandemic has had a domino effect for Air France supplier Airbus. In May, Airbus announced it would halt production of its A380 aircraft due to fuel and maintenance costs, but would still fulfill preexisting orders of the aircraft for Arab states. Both the Dutch and the French governments have promised help to Air France. In June, French Minister of the Economy Bruno Le Maire announced a crisis budget of €15 billion to sustain the industry, with the condition that it make the transition to cleaner, low-pollution solutions in the aircraft industry as well as reducing the number of flights with duration of less than two hours—routes that could be served by trains instead. In an August interview with Benjamin Smith on France Info radio, Smith pledged a reduction of 20%-25% in CO2 aircraft emissions and said all the airline’s ground vehicles would be electric (as well as concentrating on passengers’ health security). Alexandre de Juniac, president of the International Air Transport Association, said the industry as a whole would continue replacing current aircraft fuel with biofuel, with the goal of cutting carbon emissions by 50% in 2050. The industry is optimistic about overcoming the current crisis, as opening borders will have an immediate positive impact on the aeronautics industry. Airbus will also concentrate on supplying the market with long-range, medium-capacity and heavy carrier aircraft such as their A320 and A350 models. The Emirates airline has switched its original order of A380 to 40 A350 instead, thus boosting production over the next 10 years. Airbus actually saw an increase of 4.3% in its share price after the announcement, and an increase in the group's net profits of 29% to €3 billion—along with an increase of its 2018 turnover by 8% to €63.7 billion. Notably, the pandemic has not affected the Arianespace Ariane 5 rocket launching program, which saw another rocket liftoff on July 31 from the Guiana Space Centre near Kourou, French Guiana. This creates opportunities for U.S. suppliers to partner or directly supply French small and midsize Tier Two and Three companies that are specialized in the areas of anti-pollution, biofuels and public aircraft sanitary equipment. In addition, there is a need for high-tech solutions—in particular, materials such as carbon fiber—and environmental solutions for reduced engine noise and fuel consumption, including electric-powered ground vehicles.

Brexit is shaking up the sector's existing supply relationships, creating opportunities for new entrants.

A newly released plan sets priorities for developing maritime, land, air and space capabilities.

The technology is being used for applications including package delivery, agriculture, oil and gas, and defense.

The government has identified key industries of strategic value to the UK economy and, through sector deals, has created partnerships between government and industry to nurture them.

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.