Market Share of APAC Aviation Industry
The Asia-Pacific aviation market is characterized by a semi-consolidated landscape, with key players like The Boeing Company, Airbus SE, Lockheed Martin Corporation, Commercial Aircraft Corporation of China Ltd, and Textron Inc. Local manufacturers like the Aviation Industry, Hindustan Aeronautics Limited, and Kawasaki Heavy Industries are also actively vying for market share.
The initiatives by regional governments are also bolstering the market's growth, particularly in fostering indigenous aircraft development. Notably, nations such as China, India, Japan, South Korea, and Indonesia are intensifying efforts in military aircraft development. For instance, Korean Aerospace Industries is spearheading the development of the KF-X (KF-21 Boramae) fighter aircraft, aimed at replacing aging models in the Republic of Korea Air Force's fleet.
Bell Textron Inc., a subsidiary of Textron Inc., reported strong sales for its Bell 505 helicopter in Asia-Pacific in February 2024. Noteworthy contracts with Malaysia, Indonesia, and the Philippines underscore the sustained demand for these aircraft. At the Singapore Airshow 2024, Malaysian MRO firm Hammock Helicopter secured a notable purchase agreement for two corporate-configured Bell 505 helicopters, leading the new orders at the event.
APAC Aviation Market Leaders
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Lockheed Martin Corporation
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Airbus SE
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The Boeing Company
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Textron Inc.
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Commercial Aircraft Corporation of China Ltd.
*Disclaimer: Major Players sorted in no particular order
