Aerospace
Market Value, Trend & Forecast
The global aerospace market grew by 8,7%
in 2006 to reach a value of $449 billion
with a 2007 forecast of $473 billion.
Over the 2006-2025 period, world passenger traffic is expected
to increase by 4.8% per annum. This traffic growth will require
the delivery of 22.663 new passenger aircrafts and freighters.
These new aircrafts that will be needed over the next 20 years
are worth approximately $2.6 trillion.
Among the aerospace industry, the MRO is the backbone of
the after sales business. Asia is the strongest importer of
airframe maintenance. The Asia Pacific Market accounts for
more than 23% of the global MRO expenditures
and is worth $8.8 billion. This sector will
grow at a 5% annual rate and will exceed $14 billion
by 2015.
These trends show that Asian Aerospace will continue to be
the premier international commercial aerospace market place
that creates optimum business, trading, networking and educational
opportunities with major Asia-Pacific aviation buyers, providing
the platform to exchange knowledge on leading technology and
best business practices.
Defense
Market Value, Trend & Forecast
Latest figures for total Defense spending across the Asia
Pacific Region show an aggregate of $133.4 billion.
Asia Pacific Market analysis expects that in 2009 the region's
defense expenditures will rise by 11.5 percent
to $157.3 billion, an annual 2.8 percent average increase.
Emerging security challenges and terrorist threats have prompted
many Asian countries to increase their defense purchases,
making Asia the world’s second largest market
for defense products after USA.
The growth in demand for more sophisticated equipment is
driving the region’s dynamic defense market.
Energy | Petroleum
Market Value, Trend & Forecast
The global oil & gas market grew by 13.7% in 2006 to
reach a value of $4,097 billion.
The Asia-Pacific region holds 10% of the world’s known oil
& gas resources, equivalent to 300 billion barrels, which
represents a huge amount of resources with enormous monetary
and strategic value.
The Region is one of the fastest growing Oil & Gas Industry.
It offers many new opportunities including exploration, with
high deepwater potential and offshore projects. The region
is expected to lead the world’s demand growth, consuming one-third
of world oil supply by 2030. At the same time, gas demand
is expected to more than double, with an annual growth of
4%.
