Singapore's aerospace market is a dynamic and strategically important sector, making a significant contribution to the country's economy and global standing. Canada has a major presence in Singapore’s Aerospace market, with companies like Bombardier and CAE inc. already operating in the country.
Aerospace market in Singapore
Key opportunities for Canadian aerospace companies in Singapore
- Advanced manufacturing and smart factories
- Sustainable aviation and clean fuel
- Advanced air mobility (AAM)
- Talent development and education
Industry highlights
CAD 4B in GDP value-add by 2025
Over 22,000 jobs supported
Over 130 companies engaged in maintenance, repair and operation (MRO)
Over 10% of global MRO output is derived in Singapore
14% CAGR in 2024
CAD 6B market value in 2024
Notable challenges for Canadian aerospace companies in Singapore
- Talent shortages
- Sustainability pressures
- Global competition
- Technology adoption
Singapore's business landscape
Singapore has a dynamic and open business landscape that values partnership and innovation to boost the economy. The Aerospace sector is a key driver bothfor both employment andGDP. Due it’s economic significance, the Aerospace sector is receives strong support from the Government of Singapore.
Summary
Singapore is an attractive market for Canadian Aerospace Companies, particularly those working in the MRO and support sectors.
For more information on Aerospace in the Singapore market, please contact Trade Commissioner, Andrew Threlfall (andrew.threlfall@international.gc.ca) - Aerospace.