The Precision Engineering (PE) industry supports the ever-growing manufacturing sector, with a value chain that covers Machinery and Systems (M&S) and Precision Modules Components (PMC).
With major semiconductor and industrial equipment manufacturers locating in Singapore and leveraging on the country's cost-effective manufacturing solutions for a wide range of applications, local PE companies are supplying high-quality components, sub-assemblies and finished products to industries such as electronics, marine, aerospace, oil and gas, and medical devices.
Singapore's PE industry is fast developing into a critical sector of the country's manufacturing sector, contributing about S$18.3 billion in manufacturing output and S$5.6 billion in value-add in 2009. These trends are likely to increase to S$28 billion and S$10 billion, respectively, by 2018.
In an effort to further enhance the competitiveness of Singapore's PE capabilities, JTC continues to develop optimal infrastructure solutions to meet the needs of the industry.
Fast Facts
- Singapore's Precision Engineering (PE) industry provides support to the country's robust manufacturing sector.
- PE supplies high-quality components, sub-assemblies and finished products to industries such as electronics, marine, aerospace, oil and gas, and medical devices.
- In 2009, Singapore's PE industry contributed about S$18.3 billion in manufacturing output and S$5.6 billion in value-add. Both trends are projected to increase to S$28 billion and S$10 billion, respectively, by 2018.