Malaysia's Aerospace Sector Tipped For Growth.jpg

Malaysia's Aerospace Sector Tipped For Growth

The rise in MRO activities being migrated to Asia-Pacific will be a factor, says Frost & Sullivan.

The Malaysian aerospace sector is expected to grow rapidly due to expansion in its fleet size and the rising trend of the migration of commercial MRO activities to the Asia-Pacific region. 

Malaysia's MRO sector is expected to grow at 8.45% a year over the next 20 years, according to consultancy Frost & Sullivan.

More than 13,000 new technician and engineer jobs are expected to be created in the Malaysian commercial MRO space over the 20-year period from 2017 to 2037.

"As demand in the Malaysian aerospace industry continues to grow rapidly, suppliers will have to expand in order to cater to this increasing demand," said Nishant Dey, consultant at Frost & Sullivan.

"Malaysia's key to success in developing its aerospace manufacturing and MRO industry is its availability of skilled labour. MRO activities are especially reliant on skilled labour as certification and qualifications are a prerequisite for MRO personnel to conduct maintenance and repair activities," he added.

 

TAGS: Asia Pacific
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