싱가포르의 항공우주 및 방위 : 시장 점유율 분석, 업계 동향 및 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the Singapore aerospace and defense market size is expected to grow from USD 9.29 billion in 2025 to USD 10.32 billion in 2026 and is forecast to reach USD 17.41 billion by 2031 at 11.04% CAGR over 2026-2031.

This report is Segmented by Industry (Manufacturing, Design, and Engineering, and More), Type (Aerospace and Defense), End User (Commercial, Military, and More), Platform (Fixed-Wing Aircraft, Rotary-Wing Aircraft, Unmanned Aerial Vehicles (UAVs), Land Systems, Naval Systems, and More). The Market Forecasts are Provided in Terms of Value (USD).

Singapore Aerospace And Defense Market Trends and Insights

Robust Defense-Budget Growth Through 2030

Annual appropriations of roughly 3% of gross domestic product provide predictable long-cycle funding for fleet upgrades, smart training facilities, and base infrastructure. FY2025's SGD 23.4 billion (USD 18.09 billion) line-item channels SGD 19.34 billion (USD 15.19 billion) into operations and maintenance, guaranteeing steady workloads for local aerospace-component repair shops. A separate development vote, up 43% since 2022, finances hangar automation and digital range instrumentation, reinforcing order visibility for advanced-manufacturing vendors.

Rebound of Singapore's Global-Hub MRO Business

Shop-visit volumes have returned to pre-pandemic peaks as Changi Airport passenger flows normalise. SIA Engineering's long-term services agreements with major carriers illustrate the stability of transaction-based MRO revenues, while workforce restoration to more than 95% of 2019 staffing underpins throughput recovery. Singapore Aero Engine Services' latest expansion will add 500 skilled positions and bring next-generation engine-module competencies onshore, preserving the city-state's double-digit share of worldwide MRO billings.

Land Scarcity and Ageing Technician Base

The closure of Paya Lebar Air Base by 2030 will release 800 hectares for urban redevelopment but compress aerospace operations into Changi and Tengah zones. New multi-story hangars and automated tool cranes partly offset the spatial squeeze yet raise capital intensity. Meanwhile, demographic shifts mean only 1,700 aerospace graduates enter the workforce yearly against demand for 2,500, prompting early-career outreach and mid-career conversion programmes sponsored by the Association of Aerospace Industries Singapore.

Other drivers and restraints analyzed in the detailed report include:

1. Dual-Use R&D Incentives Under "Manufacturing 2030"
2. Engine-OEM Capacity Expansions Deepening the Supply Chain
3. Export-Control Pressures on Avionics and Chips

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

The maintenance, repair, and overhaul (MRO) segment controlled 62.03% of the Singapore aerospace and defense market in 2025, reflecting three decades of accumulated know-how and an ecosystem of more than 130 service providers. That heft translates into a resilient baseline of engine-module, landing-gear, and avionics contracts covering 34 airports across eight countries. Segment revenue is reinforced by GE Aerospace's Smart Factory, now the single-largest GE component-repair site worldwide, and by Singapore Aero Engine Services' USD 180 million footprint enlargement that inaugurates composite fan-blade restoration capabilities.

Manufacturing, design, and engineering are growing at a 14.41% CAGR through 2031, propelled by Rolls-Royce's decision to build every wide-chord fan blade outside Britain in Singapore and Pratt & Whitney lifting geared-turbofan component capacity. Additional lift comes from Bombardier's 290,000-sq-ft service centre upgrade, underscoring the move toward high-value, OEM-branded support solutions. Close coupling between R&D testbeds and industrial lines means additive-manufactured parts validated in A*STAR's joint labs often transition straight into production, compressing the innovation-to-market cycle.

The aerospace segment contributed 71.62% of 2025 revenue, underpinned by Changi's role as an intercontinental transfer hub and by Seletar Aerospace Park's cluster of more than 70 OEM and tier-one tenants. Government grants worth SGD 210 million (USD 164.94 million) since 2022 support small-satellite payloads, ground-station analytics, and space-situational-awareness services, helping diversify beyond traditional civil aviation.

Defense revenues are expanding at a 12.18% CAGR through 2031 as the Republic of Singapore Air Force inducts 20 F-35 variants and the Navy grows to six Invincible-class submarines. These projects push requirements for composite-aerostructure repair, stealth-coating maintenance, and underwater acoustic systems, allowing MRO specialists to leverage existing civil capabilities for new military workloads.

Complete Report Scope:

• By Industry
  • Manufacturing, Design, and Engineering
  • Maintenance, Repair, and Overhaul (MRO)
• By Type
  • Aerospace
    • Aviation
    • Space
  • Defense
• By End User
  • Commercial
  • Military
  • Government (Non-military)
  • Private and Business Aviation
• By Platform
  • Fixed-Wing Aircraft
  • Rotary-Wing Aircraft
  • Unmanned Aerial Vehicles (UAVs)
  • Land Systems
  • Naval Systems
  • Missiles and Precision Munitions
  • Space Platforms and Launchers

List of Companies Covered in this Report:

1. Singapore Technologies Engineering Ltd.
2. SIA Engineering Company Limited
3. Airbus SE
4. The Boeing Company
5. Rolls-Royce plc
6. RTX Corporation
7. General Electric Company
8. Lockheed Martin Corporation
9. Bombardier Inc.
10. L3Harris Technologies, Inc.
11. Textron Aviation Inc.
12. Curtiss-Wright Corporation
13. Moog Inc.
14. Safran SA
15. Thales Group
16. Leonardo S.p.A.
17. Elbit Systems Ltd.
18. Israel Aerospace Industries Ltd.
19. Wemark Techno Engineering Pte Ltd.
20. Strategic Marine (S) Pte Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Robust defense-budget growth through 2030
  • 4.2.2 Rebound of Singapore's global-hub MRO business
  • 4.2.3 Dual-use R&D incentives under "Manufacturing 2030"
  • 4.2.4 Engine-OEM capacity expansions deepening supply chain
  • 4.2.5 Government-funded small-satellite and space-tech testbeds
  • 4.2.6 SAF "Island-in-a-Box" autonomous training ranges
• 4.3 Market Restraints
  • 4.3.1 Land-scarcity and ageing technician base
  • 4.3.2 US-China export-control pressures on avionics and chips
  • 4.3.3 High operating costs versus emerging SE-Asian hubs
  • 4.3.4 Volatile regional tensions altering procurement timing
• 4.4 Value Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Industry
  • 5.1.1 Manufacturing, Design, and Engineering
  • 5.1.2 Maintenance, Repair, and Overhaul (MRO)
• 5.2 By Type
  • 5.2.1 Aerospace
    • 5.2.1.1 Aviation
    • 5.2.1.2 Space
  • 5.2.2 Defense
• 5.3 By End User
  • 5.3.1 Commercial
  • 5.3.2 Military
  • 5.3.3 Government (Non-military)
  • 5.3.4 Private and Business Aviation
• 5.4 By Platform
  • 5.4.1 Fixed-Wing Aircraft
  • 5.4.2 Rotary-Wing Aircraft
  • 5.4.3 Unmanned Aerial Vehicles (UAVs)
  • 5.4.4 Land Systems
  • 5.4.5 Naval Systems
  • 5.4.6 Missiles and Precision Munitions
  • 5.4.7 Space Platforms and Launchers

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes global-level overview, core segments, financials, strategic info, products and services, recent developments)
  • 6.4.1 Singapore Technologies Engineering Ltd.
  • 6.4.2 SIA Engineering Company Limited
  • 6.4.3 Airbus SE
  • 6.4.4 The Boeing Company
  • 6.4.5 Rolls-Royce plc
  • 6.4.6 RTX Corporation
  • 6.4.7 General Electric Company
  • 6.4.8 Lockheed Martin Corporation
  • 6.4.9 Bombardier Inc.
  • 6.4.10 L3Harris Technologies, Inc.
  • 6.4.11 Textron Aviation Inc.
  • 6.4.12 Curtiss-Wright Corporation
  • 6.4.13 Moog Inc.
  • 6.4.14 Safran SA
  • 6.4.15 Thales Group
  • 6.4.16 Leonardo S.p.A.
  • 6.4.17 Elbit Systems Ltd.
  • 6.4.18 Israel Aerospace Industries Ltd.
  • 6.4.19 Wemark Techno Engineering Pte Ltd.
  • 6.4.20 Strategic Marine (S) Pte Ltd.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-space and Unmet-Need Assessment