Taipei Aerospace & Defense Exhibition (15.-17. August 2019)
Asian Aerospace Market Getting Hotter Major International Brands Support Taipei Aerospace & Defense Exhibition
In order to promote interchange among businesses in the aerospace industry, the Taiwan External Trade Development Council (TAITRA) held the 2019 Aerospace Industry Trends Seminar in Taichung on December 17. The event attracted a total of 51 industry representatives to take part, including the Industrial Technology Research Institute, Air Asia Company Limited, ITE Tech. Inc., and INTAI Technology Corp. The Seminar also served as a preview for 2019's Taipei Aerospace & Defense Technology Exhibition (TADTE) and Taiwan International Drone Show (Drone Taiwan), which will run concurrently, and which are organized by TAITRA. TAITRA has stated that at present, key international companies such as Lockheed Martin, BAE Systems, Honeywell and Harris have already registered to participate.
TAITRA stated that Airbus has forecast 4.4% annual compound growth in commercial air travel over the next 20 years, which means that deals for airliners will reach US$5.8 trillion over that time. Asian market demand will account for a substantial 42% of that total. Taiwan's aerospace industry, which includes airframes, starter engines, aircraft internal fittings, electronic products, machine tools, precision fasteners, and maintenance services, has received a great deal of international acclaim. Yearly production has already broken NT$100 billion. With the growth in air travel and the Asian market, prospects are good that production and exports will break new highs.
Jerry Chien, Deputy Director of the Committee for Aviation Industry Development (CAID), stated at the Seminar that he is bullish about the future development of the international aerospace industry. The 5+2 industrial policy is continuing to receive government support. Dr. Jong-Jang Lin, Section Chief of the Taiwan Aerospace Industry Association (TAIA), said that the growing maturity of additive manufacturing technologies is causing great reduction in industrial production processes. This is transforming the shape of the supply chain and will certainly mean huge impacts in the future. Jhang-Yuan Gao, President of Aeroprobing Inc., organizer of the first-ever Taiwan Drone Racing Competition, emphasized that the potential of the drone market is vast. The integration of software and hardware for commercial applications such as construction will be the next great leap; business opportunities are limitless.
2019's TADTE and Drone Taiwan will both be held at Taipei World Trade Center Exhibition Hall 1 from August 15-17, where they will display the full supply chain of Taiwan's aerospace industry. TAITRA stated that in addition to creating an export trade promotion platform for manufacturers, the events will invite major international buyers to Taiwan to take part. There will also be industry discussions, one-on-one procurement meetings and other activities. These events are Taiwan's most specialized, most global industry exhibition. The exhibition will also display Taiwan's peak national defense strengths and will announce relevant results from the autonomously-developed advanced (jet) trainer. The Aerospace Industry Pavilion led by the TAIA and the Space Tech Expo Area organized by the National Space Organization will both have expanded displays. The exhibition will be a sight to see.
For related information about the exhibition, please go to the official website: www.tadte.com.tw
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