Welcome!

News Feed Item

Singapore Airshow 2014 Generates S$319 million for Singapore Economy



25 per cent increase in contribution from 2012 edition reflects Airshow's rising importance to Singapore

SINGAPORE, Sept 4, 2014 - (ACN Newswire) - Singapore Airshow, Asia's largest and one of the most important aerospace and defence exhibitions in the world, contributed S$319 million to the Singapore economy in 2014, according to a recent study by Kadence International. This represented a 25 per cent increase from the 2012 edition. The event, held from 11 to 16 February 2014 at Changi Exhibition Centre, attracted more than 146,000 visitors from 125 countries/regions.

The growth in Singapore Airshow's total contribution to the Singapore economy was supported by a substantial increase in foreign expenditure, which rose 30 per cent from 2012. In 2014, S$284.9 million was accrued from spending by foreign visitors on travel and accommodation, event and exhibition space, as well as other personal expenditure such as food & beverage, leisure, shopping and transport.

The total number of exhibiting personnel at Singapore Airshow 2014 stood at 10,504, representing a 23.4 per cent increase from 2012. Of particular note was a 27 per cent increase in the number of foreign exhibiting personnel. The number of exhibiting companies similarly rose from 969 in 2012 to 1,018 in 2014, demonstrating the value the show brings to global companies aiming to reach out to the thriving Asia-Pacific region.

The study also highlighted an increase in personal spend per day by exhibitors, trade visitors and public visitors to the show. The largest increase was among exhibitors, who spent an average of S$491 per day in 2014, a 30.9 per cent increase from 2012.

"I am pleased that Singapore Airshow 2014 has had such a significant impact on Singapore's economy, with international participants accounting for 89.3 per cent of spending. This reflects the importance accorded to our show by global aerospace and defence companies and underscores Singapore Airshow's standing as one of the most recognised and must-attend aerospace and defence exhibitions in the world," said Mr Leck Chet Lam, Managing Director of Experia Events, organiser of the Singapore Airshow. "The results of the study reinforces Singapore Airshow's position as a platform of choice for international aerospace and defence companies to increase their visibility, network and do business in this dynamic region and as an important contributor to the MICE industry in Singapore."

Playing a critical role in the aerospace and defence industry ecosystem

Trade visitors and exhibitors at Singapore Airshow 2014 spanned a comprehensive cross-section of the aerospace and defence industry, with strong representation from Maintenance, Repair and Overhaul (MRO), Business and General Aviation, Avionics, Aircraft, Airframes, Engines and Defence Technology companies as well as airlines, civil aviation bodies, government and military officials.

Participants found the show valuable for networking, targeting partners and business opportunities and strengthening customer relationships. As a testament to the value the show brings to them, more than 75 per cent of exhibitors have already confirmed their plans to participate in the 2016 event.

The results of the study demonstrate Singapore Airshow's critical role in the ecosystem of Singapore's aerospace and defence industry, contributing to the long-term sustainability of the industry and opening doors to key markets for local and global companies alike.

"Singapore Airshow has fast established itself as Asia's largest and most important aerospace and defence exhibition. This year, we witnessed record exhibitor numbers, strong industry participation, and strategic partnerships forged during the Airshow," said Mr Lim Kok Kiang, Assistant Managing Director of the Singapore Economic Development Board (EDB). "There were also many new investments announced during the Airshow. Our business-friendly environment, talented workforce and strategic location in the heart of Asia, have made Singapore the location of choice for aerospace multinationals seeking to expand their footprint in this growing Asia-Pacific market. We welcome these investments and look forward to furthering our partnership with the industry to achieve even greater success."

Singapore Airshow returns from 16 - 21 February 2016 at Changi Exhibition Centre.

About Singapore Airshow

Singapore Airshow is organised and managed by Experia Events and serves as a global marketplace and networking powerhouse for the world's aviation community. Singapore Airshow also features a series of high-level conferences dedicated to leading players in the global aviation industry - Singapore Airshow Aviation Leadership Summit (SAALS), the Asia Pacific Security Conference (APSEC) and the A*STAR Aerospace Technology Leadership Forum. For more information, visit: www.singaporeairshow.com.

About Experia Events Pte Ltd

Experia Events specialises in organising and managing exhibitions and conferences of strategic interest, fostering industry development and thought leadership. It has built a strong portfolio in aerospace and defence with the highly successful Singapore Airshow, Asia's largest and one of the most important aerospace and defence exhibitions in the world, and IMDEX Asia, the leading international maritime defence exhibition in Asia. Its expertise also extends to the government and lifestyle sector, through key events such as the inaugural ScreenSingapore, the Singapore International Water Week and World Cities Summit. With a sound track record underscoring its aspirations to stage events that influence, Experia Events aims to diversify its range of strategic events globally. For more information, visit: www.experiaevents.com.

Source: Singapore Airshow

Contact:
Marilyn Ho
Experia Events Pte Ltd
Director, Communications
Tel: +65 6595 6130
Email: [email protected]

Lin Kuek
Hill + Knowlton Strategies
Tel: +65 6390 3363
Mobile: +65 9336 5080
Email: [email protected]




Copyright 2014 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
The IoTs will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm and share the must-have mindsets for removing complexity from the development proc...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Artificial Intelligence has the potential to massively disrupt IoT. In his session at 18th Cloud Expo, AJ Abdallat, CEO of Beyond AI, will discuss what the five main drivers are in Artificial Intelligence that could shape the future of the Internet of Things. AJ Abdallat is CEO of Beyond AI. He has over 20 years of management experience in the fields of artificial intelligence, sensors, instruments, devices and software for telecommunications, life sciences, environmental monitoring, process...
Much of the value of DevOps comes from a (renewed) focus on measurement, sharing, and continuous feedback loops. In increasingly complex DevOps workflows and environments, and especially in larger, regulated, or more crystallized organizations, these core concepts become even more critical. In his session at @DevOpsSummit at 18th Cloud Expo, Andi Mann, Chief Technology Advocate at Splunk, will show how, by focusing on 'metrics that matter,' you can provide objective, transparent, and meaningfu...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...