The Aerospace Industry Export Market Share in Singapore was 7.85% in 2023. The projected figures show a steady increase from 8.73% in 2024 to 11.13% by 2028. Year-on-year growth from 2024 to 2025 is 7.4%, and from 2025 to 2026 is 6.5%. The CAGR for the five-year period from 2024 to 2028 is 6.2%, indicating consistent growth in market share.
Future trends to watch for include technological advancements, investments in sustainable aviation, and potential shifts in global aerospace demand which could impact Singapore's market positioning. Collaborations and partnerships with global aerospace leaders will be key to maintaining and enhancing this growth trajectory.
