How big is the Southeast Asia Aviation Market?

The Southeast Asia Aviation Market size is expected to reach USD 36.06 billion in 2024 and grow at a CAGR of 4.84% to reach USD 45.68 billion by 2029. Read More

What is the current Southeast Asia Aviation Market size?

In 2024, the Southeast Asia Aviation Market size is expected to reach USD 36.06 billion. Read More

Who are the key players in Southeast Asia Aviation Market?

The Boeing Company, Airbus SE, Lockheed Martin Corporation, Rostec and Textron Inc. are the major companies operating in the Southeast Asia Aviation Market. Read More

What years does this Southeast Asia Aviation Market cover, and what was the market size in 2023?

In 2023, the Southeast Asia Aviation Market size was estimated at USD 34.31 billion. The report covers the Southeast Asia Aviation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Southeast Asia Aviation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the government regulations and infrastructure developments impacting the Southeast Asia Aviation Market?

The government regulations and infrastructure developments impacting the Southeast Asia Aviation Market are a) Airspace management policies b) Airport infrastructure investments Read More

Southeast Asia Aviation Market - Trends, Size & Growth

Southeast Asia Aviation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Southeast Asia Aviation Market Report is Segmented by Type (Commercial Aviation (Passenger Aircraft and Freighter Aircraft), Military Aviation (Combat and Non-Combat Aircraft), and General Aviation (Helicopter, Turboprop Aircraft, and Business Jets)) and Geography (Singapore, Indonesia, Thailand, Malaysia, Philippines, and the Rest of Southeast Asia). The Report Offers Market Size and Forecasts for all the Above Segments in Value (USD).

Southeast Asia Aviation Industry Overview

The Southeast Asian aviation market is fragmented and has enormous potential, as several countries are looking to enhance their commercial and military aviation fleets. Foreign players dominate the aviation market in this region. Some prominent players in the market are The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc., and Rostec.

Foreign companies are also considering these countries to set up new manufacturing facilities for parts and components. This may help local aerospace companies to collaborate with foreign players to extend their market presence and gain new contracts. For instance, in February 2022, Singapore Airlines entered into a purchase agreement with Airbus for 7 A350F freighter aircraft. The newly ordered aircraft will replace the carrier's 747-400F fleet in the fourth quarter of 2025. Major aircraft manufacturers like Airbus have already set up manufacturing units across multiple countries in the region, capturing major portions of the market share and further tightening the competitive landscape in the region.