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Frost & Sullivan: ASEAN's Aerospace, Defense and Maritime Industries Set for High Growth between 2013 to 2015

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Frost & Sullivan: ASEAN's Aerospace, Defense and Maritime Industries Set for High Growth between 2013 to 2015 PR Newswire KUALA LUMPUR, Malaysia, Jan. 2, 2013 KUALA LUMPUR, Malaysia, Jan. 2, 2013 /PRNewswire/ -- The commercial aerospace, defense and maritime industries are set for high growth over the next few years in the ASEAN region. Increasing economic development, rising demand for travel and trade in the region have especially been driving the need for the region to strengthen its air and sea transport infrastructure to meet up with these demands. HW LIMA together with knowledge partner Frost & Sullivan plans to address new market opportunities and shed insights on the future of Aerospace, Defense and Maritime Industries at the Langkawi International Maritime and Aerospace (LIMA) Exhibition, happening in March 2013. "LIMA has been getting a lot of enquiries from new to market companies, which we attribute to the importance of the Asian market vis-a-vis what is currently happening in Europe and the United States. We have partnered with Frost & Sullivan with the aim to continue driving growth by delivering more to our participants. Our new tag-line 'Delivering Asian Markets' encompasses our overall strategy to provide an effective and relevant platform in a region widely considered to be the world's leading growth area for aerospace and maritime," said Mr. Ahmad Dzuhri Wahab, Managing Director of HW LIMA Exhibitions.

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Frost & Sullivan: ASEAN's Aerospace, Defense and Maritime Industries Set for High Growth between 2013 to 2015
PR Newswire
KUALA LUMPUR, Malaysia, Jan. 2, 2013
KUALA LUMPUR, Malaysia,Jan. 2, 2013/PRNewswire/ -- The commercial
aerospace, defense and maritime industries are set for high growth over the
next few years in the ASEAN region. Increasing economic development,
rising demand for travel and trade in the region have especially been driving
the need for the region to strengthen its air and sea transport infrastructure to
meet up with these demands.
HW LIMA together with knowledge partner Frost & Sullivan plans to address
new market opportunities and shed insights on the future of Aerospace,
Defense and Maritime Industries at the Langkawi International Maritime and
Aerospace (LIMA) Exhibition, happening inMarch 2013.
"LIMA has been getting a lot of enquiries from new to market companies,
which we attribute to the importance of the Asian market vis-a-vis what is
currently happening in Europe and the United States. We have partnered
with Frost & Sullivan with the aim to continue driving growth by delivering
more to our participants. Our new tag-line 'Delivering Asian Markets'
encompasses our overall strategy to provide an effective and relevant
platform in a region widely considered to be the world's leading growth area
for aerospace and maritime," said Mr. Ahmad Dzuhri Wahab, Managing
Director of HW LIMA Exhibitions.
On the commercial aviation front, the introduction of LCCs and airport
developments in the region are expected to drive growth of this industry in the near future. According to Frost & Sullivan, passenger traffic across airports in the five major ASEAN countries of Malaysia, Singapore, Indonesia, Philippines and Thailand, is expected to reach close to 318 million passengers by 2017.
Growth of maritime is expected to be driven by increasing port development in countries such as Singapore and Malaysia in efforts to increase their traffic handling capacities. The total sea freight traffic handled in this region is