Market Share of Southeast Asia Aviation Industry
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.
Southeast Asia Aviation Market Leaders
The Boeing Company
Airbus SE
Lockheed Martin Corporation
Rostec
Textron Inc.
*Disclaimer: Major Players sorted in no particular order
