AAIS was pleased to participate in a roundtable hosted by the State government of Selangor in Singapore on 16 September 2025. Chaired by YB Ng Sze Han, Selangor EXCO for Investment, Trade and Mobility, the event brought together representatives from the aerospace industries in Malaysia and Singapore, including AAIS members, providing a platform to exchange updates and explore opportunities for collaboration.
AAIS President Wong Yue Jeen delivered an overview of the Singapore aerospace sector, with a perspective on regional cooperation. Here are the salient points from his presentation:
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By 2035, Asia is projected to generate 35% of global MRO demand (US$5 billion out of a US$156 billion market), the largest share worldwide. While much of this demand is generated within the region, a significant proportion of work continues to be outsourced across borders.
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Asia’s aerospace market is accelerating, driven by fleet expansion, infrastructure upgrades and digital innovation. With OEMs and major MROs deepening their presence, the region is consolidating its role as a strategic global MRO hub, even with a relatively modest aerospace manufacturing base.
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The positive trajectory is already visible across Southeast Asia. In Singapore, aerospace output has grown at ~8% CAGR over the past decade, reaching S$18 billion in 2024, with a 19% share of the global engine MRO market.
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Momentum is set to continue as key players invest further in the region. For example, last year, Singapore’s EDB announced S$750 million in new investments in aerospace by industry over the next three years. Coupled with infrastructure development such as Changi Airport’s Terminal 5, the region is set to reinforce its position as a key node in the global aviation and MRO ecosystem.
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At the same time, the industry is contending with global market and industry challenges such as tariffs, geopolitical tensions, supply chain disruptions, capacity and talent constraints.
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Breakthroughs will depend on the ability of the aviation ecosystem to collaborate to champion innovation, resilience and sustainable growth.
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Collaboration at all levels – global, inter-regional and within the region – is critical. Examples include joint ventures, partnerships, and synergies (“twinning for winning”). Mr Wong also called on aerospace stakeholders in Singapore and Selangor to explore ways to support one another for mutual growth.
The programme also featured updates on the Malaysia Aerospace Industry Blueprint 2030 from Mr Shamsul Kamar Abu Samah, CEO of NAICO Malaysia, and a briefing on the Selangor Aero Park @ KLIA Aeropolis development by Mr Randhill Singh, General Manager at Malaysia Airports Holdings Berhad (MAHB).
The roundtable concluded with robust discussions on the future of the industry, workforce development, and opportunities for collaboration between stakeholders in both countries.
We thank our hosts, Menteri Besar Inc, Invest Selangor and YB Ng Sze Han for the invitation, as well as the esteemed speakers and all participants from both Malaysia and Singapore for the valuable contributions and exchanges.
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