The 12th edition of IMDEX Asia high-lights the continued importance of maritime strategy for the Asia Pacific region. Singapore, which is located next to the South China Sea and Strait of Malacca, which are two of the busiest sea lines of communication is the ideal location for the maritime exposition and this year’s edition of IMDEX is expected to attract more than 10,000 attendees from 65 countries and regions. Well over 200 participating companies from 30 countries are at the show this year.
A sign of the continued success of IMDEX is the high percentage of returning participants, with more than 70 per cent of the companies that took part in the previous edition making a return.
Amongst the companies marking their presence this year are ST Engineering Naval Group, Damen, Lockheed Martin, Israel Aerospace Industries, Rafael Advanced Defense Systems, ThyssenKrupp Marine Systems, Rheinmetall, L-3 Technologies, Wartsila and many more. HMAS Canberra from the Royal Australian Navy will make its first appearance in Singapore during IMDEX and joins 23 warships from 15 navies that have confirmed their presence for the Warships Display.
What’s Next @ IMDEX, a strategic platform for start-ups and path breaking technologies takes place for the first time at the show and another new initiative is the Shipyard 4.X Challenge. Maritime Campus, a 360° platform which aims to groom emerging maritime leaders is another initiative making its debut.
The future will call for a greater need for integrated defence solutions and innovative approaches to tackle the increasingly complex and dynamic security land- scape in Asia Pacific. This growth is fuelled by fast-evolving threats, rising global tensions, persistent piracy and the need to upgrade and modernise equipment.
“The fact that IMDEX Asia has consistently drawn the attendance of high numbers of chiefs of navy and directors-general as well as the participation of leading companies, both returning and new, is testament to its growing importance as a key platform to address these issues,” Leck Chet Lam, MD of Experia Events Pte Ltd, tells Show Preview.
IMDEX continues to remain a focal point for visiting dignitaries from China, India, South Korea, Australia and Japan, among others, who are seeking to build partnerships as their nations continue to invest in beefing up their maritime capability.
Singapore itself has invested in maintaining a sophisticated and state-of-the-art navy, that is more than capable of defending the island nation’s sea lines of communication which are crucial for its maritime trade. Many of Singapore’s maritime projects and acquisitions are now reaching maturity and the country has increased its defence spending, which stands at 4.8 per cent this year.
The island nation is also increasing security along its entire coastline by adding optical sensors, coastal radars and watch towers to boost sea traffic coverage. From 2020 onwards, Singapore will start using Unmanned Surface Vessels (USVs) for patrolling Singapore’s waters.
The global market for maritime and border security is expected to increase from US$21 Billion in 2017 to nearly US$30 Billion by 2027, representing a CAGR of around 3.3 per cent during the forecast period and a cumulative value of US$270 billion. The growth is expected to be dominated by Asia Pacific, which accounts for a market share of over 41 percent, followed by North America and Europe.
With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.