Singapore Airshow 2020: Military aircraft procurement set to rise
As exhibitors prepare for the opening day of the Singapore Airshow, many will be eyeing opportunities in the Asia-Pacific fixed-wing aircraft market that is forecast to total $150 billion over the coming decade.
Analysis from Defence Insight has found that much of the military aircraft spending across the region is being fuelled by an ever-more assertive China, which is investing heavily in advanced manned fighter aircraft.
The total fixed-wing military aircraft market value across the Asia-Pacific region is forecast to peak at $82 billion annually in 2024.
The People's Liberation Army (PLA) as a whole is undergoing a process of
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