Singapore aviation market is booming like never before. An overall positive outlook is predicted for the global aviation industry in 2015 and 2016. The Singapore aviation market is an important sector which is contributing to the growth of Singapore’s overall economy. High efficiency and world class services at the Changi Airport and a commendable air safety record are known to all. Changi Airport is one of the best airports globally which has won more than 450 awards.
Adding to this already existing world class features and services, The Civil Aviation Authority of Singapore (CAAS) inaugurated two centers on August 19 in its effort to set up Singapore as a centre of excellence for air traffic management (ATM) and take forward the growth of Singapore aviation market.
The ATM Research Institute is collaboration between CAAS and Nanyang Technological University, being Singapore’s first institute contributed to ATM research and development program. Under a memorandum of agreement the parties signed in 2013 targeting the growth of Singapore aviation market and overall industry welfare, CAAS will contribute S$50 million ($35.6 million) over five years to fund R&D activities, with the university contributing in-kind services.
The institute has laboratory space and office at the university. It is a two-story ATC tower simulator with a 360-degree view, constructed through an investigation partnership with the German Aerospace Center and a radar simulation laboratory. Both simulators run on integrated tower and radar simulation software developed by the Netherlands National Aerospace Laboratory.
Thus the Singapore aviation market is showing a promising future ahead and the passengers are sure to get the best hospitability and services. According to current research, the leading country market for flights from Changi Airport in 2014 was Indonesia which catered for 7.5 million passengers in 2014. Other than Indonesia the top markets in 2014 were Hong Kong, Kuala Lumpur, Bangkok and Manila.
The report ‘Assessment of the Singapore Aviation Industry 2015” available with eMarketOrg.com highlights key dynamics of Singapore aviation market. The growing opportunity in the sector has been investigated along with key challenges. Read more at http://emarketorg.com/pro/assessment-of-the-singapore-aviation-industry-2015/ .