SIXTY-FIVE of the top 100 global aerospace companies are showing off their advances in innovation at the Singapore Airshow 2018 in a bid to capitalise on the fast-growing Asia-Pacific market – especially in China and Southeast Asia.
The big names include Airbus, Bell Helicopter, Boeing, Bombardier, Embraer, Israel Aerospace Industries (IAI), Pratt & Whitney, Rolls-Royce, ST Engineering, Honeywell Aerospace, Thales and UTC Aerospace Systems.
The event lasts until Sunday at the Changi Exhibition Centre in the city state and has been organised by Experia Events.
“We see a rapid increase in demand in the Asia-Pacific region. During the last five years, we supplied over 250 machines,” the chief executive of Russian Helicopters, Andrey Boginsky, said at a press conference late on Tuesday.
“Overall, now there are over 1,200 helicopters in the Asia-Pacific region that were made in Russia. During the Singapore Airshow, we plan a large-scale business programme with traditional partners and potential customers.
“In late December we signed an agreement on cooperation with the Singaporean company Progression Pte Ltd. This will allow us to make additional efforts to promote machinery and attract investment in Asia-Pacific countries.”
Honeywell Aerospace, a manufacturer of aircraft engines and avionics, is also eyeing business expansion in the Asia-Pacific, especially in Southeast Asia and China, the company's president for Asia-Pacific, Steve Lien, said.
“From 2017 till 2036, the Asia region will have demand for 16,050 aircraft worth US$2.5 trillion,” he said in a group interview at the air show yesterday.
“This will drive aviation business in the region to sustainable strong growth. The challenge for our business expansion in this region, especially with the connected aircraft services, is to help airlines better manage their traffic and services for their customers.”
Leck Chet Lam, managing director of Experia Events, said the global aviation industry is at an inflection point.
“Rapid digitalisation and the unparalleled growth of innovative technology have converged to open up new opportunities that are transforming the fundamentals of the industry,” said Leck.
“By focusing on both vital aviation-centric technologies like avionics and connected aircraft, predictive maintenance and additive manufacturing, as well as innovations in the areas of cybersecurity and autonomous technology, the Singapore Airshow will empower stakeholders to effectively harness the vast potential of technology innovation to shape the industry's future.”
At the event, there are potential business opportunities being presented by 1,062 companies from 50 countries and regions participating in the exhibition, he said.
Participating companies and organisations are taking the opportunity to showcase their most innovative products spanning key technology trends at the air show. These include the new, innovative and reliable ELTA Emergency Locator Transmitter, and the first-of-its-kind Orion-D Man Pack drone detection system from TRD Consultancy, which will be making its global debut.
Additionally, ST Engineering is showcasing smart technologies and their applications in enhanced solutions across three clusters – aviation, defence and smart city, while CAAS and Air Traffic Management Research Institute will be showing off its UAV air traffic management system.
ISS Reshetnev is displaying the latest in Russian satellite technologies, while Airbus will demonstrate its “Project Skyways” autonomous parcel delivery drone prototype for the first time at the Singapore Airshow.
Among the most anticipated elements in the air show are an extensive line-up of the latest aircraft from around the world, headlined by the world's leading fifth generation multi-role fighter – the F-35B Lightning II. This F-35B short takeoff/vertical landing (STOVL) variant is the world's first supersonic STOVL stealth aircraft, and will be showcased at an air show in Asia for the first time. The F-35B will be on static display on all days at the Singapore show.
Other military aircraft making their appearance at an air show for the first time in Asia are the Royal Australian Air Force E-7A Wedgetail Airborne Early Warning aircraft, the Royal Thai Air Force’s Gripen jet and the United States Air Force RQ-4B Global Hawk unmanned aircraft system (UAS).