cens logo

Taiwan Makes it into Top 10 of Global Aerospace Players

Apr 23, 2019 | By CENS

After Taiwan's aerospace industry made it past the billon-New Taiwan dollar mark in 2016 at NTD$100.27 billion, the industry reached new heights the year after by hitting NTD$108.499 billion in 2017. The Ministry of Economic Affairs Industrial Development Bureau expects to see the aerospace industry perform exceptionally well in 2018, reporting production value past NTD$120 billion.

Aerospace giant Boeing estimates global aircraft demand will reach 42,700 units in the next 20 years, amounting to a production value of USD$6.3 trillion, roughly about NTD$195.3 trillion. Coupled with the global aerospace service industry production value, such value would amount up to USD$15.1 trillion in the next 20 years, approximately NTD$468 trillion.

news-photoFor the first time, Taiwan is ranked among the top 10 global aerospace industry players. (photo courtesy of UDN)
In the “2017 Aerospace Manufacturing Attractiveness” report by Pricewaterhouse Coopers, it was the first year Taiwan became ranked among the top 10 in terms of attractiveness in the global aerospace industry. Taiwan was named sixth for quality labor, low production costs, basic infrastructure, industry size, economic power and taxes.

At present, there are about 150 aerospace manufacturers with 14,100 employees in Taiwan, mainly engaged in the production of aircraft structures, engines, aircraft interiors, electronic products, machine tools, precision fasteners and maintenance services and more. The global brands affirmed that with the growth of shipping volume and the continued expansion of the Asian market in the future, the market prospects look very promising.

Vice President Chen Chien-jen, on December 6th, 2018, at the “Taiwan Aerospace Industry and Policy Seminar” opening speech, he praised the island's pivotal key location in Asia, experience in doing business with global aerospace companies, production prowess and quality management as factors positive towards Taiwan's growing role in the industry.

It is hoped that the government's 5+2 Policy Senior Domestic Manufacturing program can increase Taiwan's domestic military autonomy, propel the domestic aerospace industry and peripheral factions like upgrading technology for smart machinery and smart production, materials and electronics.

In the future, under its program, government will continue to assist domestic manufacturers to establish key technologies, develop high value-added private label aviation products, establish an upstream supply system for aviation materials, and cooperate with manufacturing service policies to promote the aviation manufacturing industry to the service sector, expand the scale of the industry, adding to the development of related industries and exert greater economic benefits.

View Original Article
Economic Daily News


Industry In-Focus

Tai Cheer Ball Bearing Drawer Slides Serves Best Fit for Furniture</h2>

Tai Cheer Ball Bearing Drawer Slides Serves Best Fit for Furniture

Apr 23, 2019

▇Kuo Fang-lin Tai Cheer Industrial Co., Ltd. is a professional maker of varied ball bearing drawer slides, ranging from 1ight-duty, medium-duty and heavy-duty variants, with functionalities in three categories: soft- closing, push-open and anti-tilt (interlock) system. Drawer slides are primarily seen in household furniture, living room furniture, kitchen furniture, Office furniture, tool k...


HPMJ's Reverse Polarity Jump Start Cables Make Reviving Batteries Easier and Safer</h2>

HPMJ's Reverse Polarity Jump Start Cables Make Reviving Batteries Easier and Safer

Apr 23, 2019

▇Kuo Fang-lin HPMJ Co., Ltd. focuses on developing high- performance stable lead-acid batteries for vehicle emergency jump-start. The firm has targeted niches like providing emergency, backup batteries for ambulances, beach ATVSs and 24V large- sized emergency vehicles. This year, they have specifically rolled out a reverse polarity protection jumper cable. When automobile batteries run out...


TAITRA Promotes the Taipei AMPA 6-in-1 Show at the International Auto Aftermarket Expo in Tokyo</h2>

TAITRA Promotes the Taipei AMPA 6-in-1 Show at the International Auto Aftermarket Expo in Tokyo

Apr 11, 2019

The 17th International Auto Aftermarket Expo (IAAE) was held at Tokyo Big Sight from March 13th to 15th. A total of 296 exhibitors occupied 549 booths. According to the organizers, the number of exhibitors that attended this year grew by 7.2% compared with last year. The exhibition was more popular and attracted 34,129 visitors during the three-day exhibition. To promote Taipei International Auto...



Industry Reports

Taiwah's Hardware and Hand Tool Products Shine With Creativity at 2019 NHS</h2>

Taiwah's Hardware and Hand Tool Products Shine With Creativity at 2019 NHS

Apr 23, 2019

█ Yangd Fung-chun Taiwan's hardware tools have always been regarded as top choices among global key buyers, as the products are innovative and come patent-certified, making them highly Sought-after by buyers who want the complete package. The North American region is a prime market for the hardware and hand toolindustries, making the National Hardware Show (NHS) an exceptionally lucrative Stop f...


TAITRA Promotes the Taipei AMPA 6-in-1 Show at the International Auto Aftermarket Expo in Tokyo</h2>

TAITRA Promotes the Taipei AMPA 6-in-1 Show at the International Auto Aftermarket Expo in Tokyo

Apr 11, 2019

The 17th International Auto Aftermarket Expo (IAAE) was held at Tokyo Big Sight from March 13th to 15th. A total of 296 exhibitors occupied 549 booths. According to the organizers, the number of exhibitors that attended this year grew by 7.2% compared with last year. The exhibition was more popular and attracted 34,129 visitors during the three-day exhibition. To promote Taipei International Auto...


Photo taken by TAIPEI AMPA SHOW PREVIEW

Taipei AMPA will be bigger than ever!

Apr 10, 2019

The first four shows are April 24-27, while Motorcycle Taiwan and Taiwan Car Tuning run April 25-28. All six exhibitions will assemble together at Nangang Exhibition Center Halls 1 and 2. Organizers expect the 2019 event to be the largest ever, with 1,530 exhibitors spread over 4,550 booths. Organizers expect more than 7,000 international buyers from 120 countries to attend the show — up from ...



Supplier News

Tai Cheer Ball Bearing Drawer Slides Serves Best Fit for Furniture</h2>

Tai Cheer Ball Bearing Drawer Slides Serves Best Fit for Furniture

Apr 23, 2019

▇Kuo Fang-lin Tai Cheer Industrial Co., Ltd. is a professional maker of varied ball bearing drawer slides, ranging from 1ight-duty, medium-duty and heavy-duty variants, with functionalities in three categories: soft- closing, push-open and anti-tilt (interlock) system. Drawer slides are primarily seen in household furniture, living room furniture, kitchen furniture, Office furniture, tool k...


HPMJ's Reverse Polarity Jump Start Cables Make Reviving Batteries Easier and Safer</h2>

HPMJ's Reverse Polarity Jump Start Cables Make Reviving Batteries Easier and Safer

Apr 23, 2019

▇Kuo Fang-lin HPMJ Co., Ltd. focuses on developing high- performance stable lead-acid batteries for vehicle emergency jump-start. The firm has targeted niches like providing emergency, backup batteries for ambulances, beach ATVSs and 24V large- sized emergency vehicles. This year, they have specifically rolled out a reverse polarity protection jumper cable. When automobile batteries run out...


Jyh Jyuhn: Auto Parts Professional OEM Supplier Turning, Milling and Complex Precision Machining is What Jyh Jyuhn Excels In</h2>

Jyh Jyuhn: Auto Parts Professional OEM Supplier Turning, Milling and Complex Precision Machining is What Jyh Jyuhn Excels In

Apr 11, 2019

Jyh Jyuhn Enterprise Co., Ltd. specializes in turning, milling and complex machining on automotive parts with professional services. The company was founded in February 1999 and located in Tainan, Taiwan. With strategic partners, Jyh Jyuhn not only can provide machining products, but also integrates aluminum alloy die-casting, gravity casting, stamping, forging, sand casting, extrusion, surface t...

JYH-JYUHN ENTERPRISE CO., LTD.



Insiders' Views

Megvii Technology Founder and CEO Tang Wenbin

Part 1 Megvii Technology Founder Interview: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Using facial recognition to remove security checks and recognizing criminals sounds like technological applications out of a movie, though much of it is already implemented in everyday life. Having been founded for only seven years, Megvii Technology Limited, or more commonly known for its facial recognition and AI application Face++, owns critical technology by combining both, and now, recently ...

FOXCONN TECHNOLOGY


Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan</h2>

Megvii Technology Founder Interview Part 2: Face++ AI Facial Recognition sets eye on Asia, starting with Taiwan

Sep 07, 2018

Tang Wenbin, founder and CEO of Megvii Technology, will be visiting Taiwan next week, but accepted an overseas interview with Economic Daily News on Sept. 6. This is the second installment of the interview. Aiming for a complete application; forming a city’s “brain” Q: What are the goals and strategy for the next phase? A: When the company first started off, we had to find a way to impl...

FOXCONN TECHNOLOGY


MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports</h2><p class='subtitle'>Industry veteran suggests Taiwanese suppliers establish market presence as priority</p>

MPN's Editor-at-large Provides Holistic, In-depth Insights into U.S. Market for Powersports

Industry veteran suggests Taiwanese suppliers establish market presence as priority

May 24, 2018

One of the concurrent events held during the 13th Taiwan International Motorcycle Industry Show (Motorcycle Taiwan 2018), the seminar titled “Turning New U.S. Powersports Business Opportunities” was rounded off with overwhelming acclaim from the audience as a resounding success, mostly thanks to the excellent quality of the lecturers invited, all of whom are seasoned veterans and experts at high ...



Exhibition Highlights

Photo taken by TAIPEI AMPA SHOW PREVIEW

Taipei AMPA will be bigger than ever!

Apr 10, 2019

The first four shows are April 24-27, while Motorcycle Taiwan and Taiwan Car Tuning run April 25-28. All six exhibitions will assemble together at Nangang Exhibition Center Halls 1 and 2. Organizers expect the 2019 event to be the largest ever, with 1,530 exhibitors spread over 4,550 booths. Organizers expect more than 7,000 international buyers from 120 countries to attend the show — up from ...


CENS.com Gets First-Hand Biz News at 43rd CIFF in Guanzhou for Furniture Industry</h2>

CENS.com Gets First-Hand Biz News at 43rd CIFF in Guanzhou for Furniture Industry

Apr 01, 2019

The 43rd China International Furniture Fair (CIFF) in Guangzhou kicked off on March 28 and is slated to last until the 31st at the China Import and Export Fair exhibition hall. The fair is Asia’s largest furniture manufacturing event, boasting the most diverse selections of areas and categories to browse from. This year saw over 4,300 companies exhibiting at CIFF, featuring 12 large-scale pavilio...


Overlooking the Automotive AM Trade Shows of 2018 What will 2019 Bring Us? </h2>

Overlooking the Automotive AM Trade Shows of 2018 What will 2019 Bring Us?

Mar 20, 2019

By Chao Ting-yu Economic Daily News (CENS.com) oversaw delegations of Taiwan’s best automotive parts manufacturers and suppliers in the aftermarket industry to attend trade shows around the world in 2018. At the same time, CENS.com-published Taiwan Transportation Equipment Guide (TTG) trade magazine was handed out at CENS.com’s booths at those exhibitions, which were received like hot-cakes. ...