Aerospace Sector in Thailand to Create Over 10,000 Jobs by 2037
September 8, 2017 | Frost & SullivanEstimated reading time: 2 minutes
The Thailand 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 APAC region, creating new job opportunities. The aviation industry in Thailand has seen the emergence of a number of new players over the past few years and the commercial MRO sector currently has around 3,750 technicians and engineers.
“As demand in the Thailand aerospace industry continues to grow rapidly, the supply side of the industry will have to expand in order to cater to this increasing demand. Thailand’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,” said Nishant Dey, Consultant at Frost & Sullivan.
He continued, “A total of 7,700 new technician and engineer jobs are expected to be created in the commercial MRO space over the 20-year period from 2017 to 2037. While approximately 4,000 people will be employed in the sector by the end of 2017, the number is forecasted touch 10,000 by 2035. About 90% of these new jobs are for technicians while engineers make up the remaining 10%.”
Frost & Sullivan in collaboration with the Civil Aviation Authority of Thailand (CAAT) will be hosting a complimentary breakfast briefing on growth opportunities in Thailand's aerospace industry on the 19th September 2017 in Bangkok, Thailand from 8.30am – 12.00pm.
In the aerospace manufacturing domain, Thailand’s expertise is currently in Tier 3 and Tier 4 manufacturing for original equipment manufacturer (OEMs). The total export value of this industry was around US$ 1437.29 million in 2015. At the end of 2016, the aerospace manufacturing sector in Thailand employed about 7,976 people.
“While this sector is forecasted to grow at a more subdued pace than the MRO sector, job creation in the manufacturing sector is expected to reach 10,395 over the next 20 years. The total number of new jobs created is estimated to be around 2,419 in the period from 2017 to 2037,” said Nishant.
Aerospace MRO and manufacturing are highly global industries and migration of MRO services or manufacturing of parts can take place anywhere in the world where capacity is developed with adequate certifications and quality control in place in collaboration with global players.
“Thailand can reap the benefits of this global supply chain in the aviation industry and can help generate around 10,109 new jobs over the next 20 years, taking the total workforce in the industry from 11,726 at the start of 2017 to around 21,835 in 2037,” said Nishant.
He added, “The key concern, however, remains in how global MROs & OEMs collaborate with local aviation training schools to bring in the right expertise and curriculum, delivering internationally accepted certified workforce to cater to Thailand, the rest of ASEAN, and beyond.”
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
04/19/2024 | Marcy LaRont, PCB007 MagazineFor my must-read picks of the week, I’m highlighting Parker Capers, a young professional seeking employment, solid counsel from Dan Beaulieu on what your post-show plan should look like, more information and insight on “chiplets” and the need for secure data transfer standards from columnist Preeya Kuray, as well as Matt Stevenson’s design for reality wisdom. It’s a reminder to download one of our newest books (there are several) you don't want to miss if you are an assembler.
Absolute EMS Champions Collaboration Between Humans and Robots in Modern Manufacturing
04/19/2024 | Absolute EMS, Inc.Absolute EMS, Inc., an award-winning EMS provider of turnkey contract manufacturing services, offers a perfect factory environment that seamlessly blends robotic automation with human expertise.
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.
SEMI Applauds U.S. Chips Act Award for Samsung Electronics Facilities to Strengthen Domestic Semiconductor Supply Chain
04/17/2024 | SEMISEMI, the industry association serving the global electronics design and manufacturing supply chain, applauded the United States Department of Commerce’s announcement of a Preliminary Memorandum of Terms for an award under the CHIPS and Science Act to support the expansion of Samsung Electronics’ presence in Texas and the company’s development and production of leading-edge chips.
Ark Electronics Expands Global Manufacturing Factory Network in North America and Europe
04/17/2024 | PRNewswireElectronic Manufacturing Company Ark Electronics recently announced the expansion of its Global Factory Network with the addition of Electronics Manufacturing Service (EMS) capabilities in Mexico and Europe.