Singapore Defense Industry Report 2018-2023 Featuring Boeing, ST Aerospace, ST Electronics, ST Kinetics, ST Marine, Thales & ThyssenKrupp Marine Systems

DUBLIN, Oct. 22, 2018 /PRNewswire/ --

The "Future of the Singaporean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

The Singaporean defense budget is valued at US$11 billion in 2018, and registered a CAGR of 2.99% during the historic period.

The Future of the Singaporean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023, published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

Singapore has the most technologically advanced armed forces among the Association of Southeast Asian Nation states. The capital expenditure allocation, which stood at an average of 3.7% during the historic period, is projected to increase to 4.0% over the forecast period. Although the Singapore Defense Force is considered to be the best equipped and well-trained force in Southeast Asia, the country plans to continue its procurement of advanced military hardware in order to counter the threats to national security.

 The budget in the historic period was mainly driven by the threats posed by terrorist organizations such as the Al-Qaeda-linked Jemaah Islamiah (JI), and other regional terrorist groups. The MoD is expected to invest in land based C4ISR, infrastructure construction and physical security of critical infrastructure among others.

Singapore procures the majority of its advanced and high-end defense equipment from foreign companies, with aircraft accounting for the largest share during 2014-2018. Historically, the US has been the largest supplier of weaponry to Singapore. The other significant imports to the country were armored vehicles, missiles, sensors, engines, air defense systems, and naval weapons. On the same time, Singapore also finds a place in the world's top 30 defense exporters, owing to strong government support and successful attempts at product diversification by domestic companies. Singapore primarily exports defense equipment to Oman and the UAE. The country has also initiated the production of its own ships and artillery.

Scope

• The Singaporean defense budget is valued at US$11 billion in 2018, and registered a CAGR of 2.99% during the historic period. The budget in the historic period was mainly driven by the threats posed by terrorist organizations such as the Al-Qaeda-linked Jemaah Islamiah (JI), and other regional terrorist groups.
• The capital expenditure allocation, which stood at an average of 3.7% during the historic period, is projected to increase to 4.0% over the forecast period. Although the Singapore Defense Force is considered to be the best equipped and well-trained force in Southeast Asia, the country plans to continue its procurement of advanced military hardware in order to counter the threats to national security.
• The MoD is expected to invest in land based C4ISR, infrastructure construction and physical security of critical infrastructure among others.

Key Topics Covered:

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About Strategic Defense Intelligence

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine and Strategy
3.1.3. Military Fleet Size
3.1.4. Procurement Programs
3.1.5. Social, Political and Economic Environment and Support for Defense Projects
3.1.6. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Defense expenditure expected to grow at a CAGR of 3.14% during 2019-2023
3.2.2. Countering terrorist threats, acquiring sophisticated military equipment and overseas training requirements are expected to drive defense expenditure
3.2.3. Defense expenditure as a percentage of GDP is expected to average 3.0% during 2019-2023
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure allocation is expected to increase over the forecast period
3.3.2. Singapore's defense capital expenditure to value US$536.4 million in 2023
3.3.3. Per capita defense expenditure to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland Security (HLS) is expected to grow at CAGR 8.27% over the forecast period
3.4.2. Border protection and cyber security are driving the country's homeland security budget
3.4.3. Singapore considered at some risk' of terrorist attack
3.4.4. Singapore scores 0.0 on the Terrorism Index
3.4.5. Singapore faces a moderate threat from foreign terrorist organizations
3.5. Benchmarking with Key Global Markets
3.5.1. Singapore has the second highest defense expenditure in Southeast Asia
3.5.2. The country's defense budget is high compared to other Southeast Asian countries
3.5.3. As a percentage of GDP, Singapore's defense expenditure ranks among the top 20 in the world
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2018-2023
3.6.2. Critical Infrastructure Protection (CIP) - Physical Security
3.6.3. C4ISR - Land-based
3.6.4. Military Infrastructure and Logistics - Infrastructure Construction

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to increase over the forecast period
4.1.2. The US dominated Singaporean defense imports from 2013-2017
4.1.3. Aircraft was the major defense import during 2013-2017
4.2. Export Market Dynamics
4.2.1. Arms' export expected to increase over the forecast period
4.2.2. Oman emerged as the biggest importer of Singaporean defense equipment
4.2.3. Ships accounted for the majority of defense exports between 2013 and 2017

5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of Supplier: Low to Medium
5.1.2. Bargaining Power of Buyer: Medium to High
5.1.3. Barrier to Entry: Medium
5.1.4. Intensity of Rivalry: High
5.1.5. Threat of Substitution: High

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Defense policy requires investments in training and technology to develop domestic capabilities
6.1.2. Favorable FDI policies to attract foreign OEMs
6.2. Market Entry Route
6.2.1. Budgeting Process
6.2.2. Procurement Policy and Process
6.2.3. The transfer of technology is a key entry strategy for foreign OEMs
6.3. Key Challenges
6.3.1. Restricted availability of production discourages foreign investments
6.3.2. Limited defense budget discourages investors from entering market

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.1.1. Singapore's defense sector has a mix of domestic and foreign competitors
7.2. Key Foreign Companies

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP per Capita
8.1.2. Gross Domestic Product
8.1.3. Exports of Goods and Services (LCU Billion)
8.1.4. Imports of Goods and Services (LCU Billion)
8.1.5. Gross National Disposable Income
8.1.6. LCU per US$ (Period Average)
8.1.7. Market Capitalization of Listed Companies
8.1.8. Market Capitalization of Listed Companies as a Percentage of GDP
8.1.9. Total Government Cash Surplus/Deficit as a Percentage of GDP
8.1.10. Goods Exports as a Percentage of GDP
8.1.11. Goods Imports as a Percentage of GDP
8.1.12. Services Imports as a Percentage of GDP
8.1.13. Services Exports as a Percentage of GDP
8.1.14. Net Foreign Direct Investment
8.1.15. Net Foreign Direct Investment as a Percentage of GDP
8.1.16. Mining, Manufacturing, Utilities Output

9. Appendix

Companies Mentioned

• Boeing
• Singapore Technologies Aerospace (ST Aerospace)
• Singapore Technologies Electronics (ST Electronics)
• Singapore Technologies Kinetics (ST Kinetics)
• Singapore Technologies Marine (ST Marine)
• Thales
• ThyssenKrupp Marine Systems

For more information about this report visit https://www.researchandmarkets.com/research/qxkbx8/singapore_defense?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com