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Singapore Airshow 2014 Generates S$319 million for Singapore Economy

  • Published by Ozgur Tore

Asia's largest and one of the most important aerospace and defence exhibitions in the world; Singapore Airshow contributed S$319 million to the Singapore economy in 2014.

singapore-airshowThis 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.

There is 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.

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.

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

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