News Feed Item

Frost & Sullivan: ASEAN's Aerospace, Defense and Maritime Industries Set for High Growth between 2013 to 2015

KUALA LUMPUR, Malaysia, Jan. 2, 2013 /PRNewswire/ -- The commercial aerospace, defense and maritime industries are set for high growth over the next few years in the ASEAN region. Increasing economic development, rising demand for travel and trade in the region have especially been driving the need for the region to strengthen its air and sea transport infrastructure to meet up with these demands.

HW LIMA together with knowledge partner Frost & Sullivan plans to address new market opportunities and shed insights on the future of Aerospace, Defense and Maritime Industries at the Langkawi International Maritime and Aerospace (LIMA) Exhibition, happening in March 2013.

"LIMA has been getting a lot of enquiries from new to market companies, which we attribute to the importance of the Asian market vis-a-vis what is currently happening in Europe and the United States. We have partnered with Frost & Sullivan with the aim to continue driving growth by delivering more to our participants. Our new tag-line 'Delivering Asian Markets' encompasses our overall strategy to provide an effective and relevant platform in a region widely considered to be the world's leading growth area for aerospace and maritime," said Mr. Ahmad Dzuhri Wahab, Managing Director of HW LIMA Exhibitions.

On the commercial aviation front, the introduction of LCCs and airport developments in the region are expected to drive growth of this industry in the near future.  According to Frost & Sullivan, passenger traffic across airports in the five major ASEAN countries of Malaysia, Singapore, Indonesia, Philippines and Thailand, is expected to reach close to 318 million passengers by 2017. 

Growth of maritime is expected to be driven by increasing port development in countries such as Singapore and Malaysia in efforts to increase their traffic handling capacities.  The total sea freight traffic handled in this region is expected to reach 2.52 billion tonnes by 2017.

On the defense front, the acquisition of UAVs, armoured vehicles, ships and aircraft will drive defense procurement spending in the near future.  A lot of this increased spending is being driven by the rising geopolitical instability in the region and the need for replacement of obsolete military equipment. Defense spending in the ASEAN region is expected to grow at a CAGR of close to 10% during 2012 to 2020, reaching more than US$61 billion by 2020.

"Overall, 2012 to 2020 is expected to be a period of opening up of many growth opportunities for the aerospace, defense and maritime industries in ASEAN region in the near future.  The implementation of several governmental reforms such as the ASEAN Economic Community (AEC) and open skies agreements among ASEAN countries is expected to drive growth of these industries in the region," said Mr. Neil Dave, Consulting Analyst of Aerospace & Defense at Frost & Sullivan Asia Pacific.

The Langkawi International Maritime and Aerospace (LIMA) Exhibition, from 26 to 30 March 2013, is fast becoming a must attend show for Asia. LIMA is a biennial event that gathers the world's leading maritime and aerospace companies in a week of high impact business and networking activities with special aerobatic and ship displays as highlights.

The exhibition will introduce a number of key new programmes, foremost being the ASEAN Aviation Best Practices Awards, The LIMA '13 Shipbuilding and Ship repair conference and the ASEAN Aviation Conference designed at boosting LIMA's global profile and increase participation.

Registration and booking of space for LIMA'13 is now open and more information on the Langkawi International Maritime and Aerospace Exhibition 2013 can be found at www.lima.com.my.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion


Carrie Low
Corporate Communications – Asia Pacific
Frost & Sullivan
P: +603 6204 5910
F: +603 6201 7402
E: [email protected]

Fairul Ramzi
Manager, Corporate Communications
P: +603 4142 1699
F: +603 4142 2699
E: [email protected]

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining senso...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
"Matrix is an ambitious open standard and implementation that's set up to break down the fragmentation problems that exist in IP messaging and VoIP communication," explained John Woolf, Technical Evangelist at Matrix, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
The IoT has the potential to create a renaissance of manufacturing in the US and elsewhere. In his session at 18th Cloud Expo, Florent Solt, CTO and chief architect of Netvibes, discussed how the expected exponential increase in the amount of data that will be processed, transported, stored, and accessed means there will be a huge demand for smart technologies to deliver it. Florent Solt is the CTO and chief architect of Netvibes. Prior to joining Netvibes in 2007, he co-founded Rift Technologi...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
For basic one-to-one voice or video calling solutions, WebRTC has proven to be a very powerful technology. Although WebRTC’s core functionality is to provide secure, real-time p2p media streaming, leveraging native platform features and server-side components brings up new communication capabilities for web and native mobile applications, allowing for advanced multi-user use cases such as video broadcasting, conferencing, and media recording.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
24Notion is full-service global creative digital marketing, technology and lifestyle agency that combines strategic ideas with customized tactical execution. With a broad understand of the art of traditional marketing, new media, communications and social influence, 24Notion uniquely understands how to connect your brand strategy with the right consumer. 24Notion ranked #12 on Corporate Social Responsibility - Book of List.
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and...