Singapore’s ‘Aerospace Industry Transformation Map’ Leverages Digital & Advanced Manufacturing

Published by , January 19, 2018 1:59 pm

(OpenGovAsia) The Singapore Government has launched its Aerospace Industry Transformation Map (ITM), aiming to achieve a manufacturing value-added of S$4 billion and introduce 1,000 new jobs by 2020. Asia-Pacific is on its way to becoming the world’s largest aviation market, accounting for nearly 40% of the global fleet in 20 years. The strong growth in Asia-Pacific presents opportunities across the value chain in manufacturing, MRO and aftermarket industry segments. Aerospace companies are leveraging digital and advanced manufacturing technologies to transform their operations to improve productivity and offer new solutions.
The ITM has identified three key thrusts: pursuing operational excellence, driving innovation in emerging technologies, and equipping Singaporeans with relevant skills. To help implement these changes in the industry, the government also aims to deepen ties with industry associations.

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