Future of the Brunei Defense Industry to 2022 - Market Attractiveness, Competitive Landscape, and Forecasts - Research and Markets

The "Future of the Brunei Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2022" report has been added to Research and Markets' offering.

Brunei's military expenditure stands at US$331.7 Million in 2017 and is projected to register a CAGR of 3.41% to reach US$389 Million by 2022

The country's defense expenditure is primarily driven by territorial disputes in the South China Sea, military modernization of Royal Brunei Armed Forces (RBAF) and threat of terrorism. As a percentage of GDP, the country's defense budget is expected to register an average of 2.5% over the forecast period. The average allocation for capital expenditure over the historic period was 32.4%. Over the forecast period it is expected to allocate an average of 32.5% for capital expenditure.

Brunei's defense industrial base is largely undeveloped and, as a result, the country is highly dependent on foreign suppliers to meet its military needs. Brunei's arms imports registered a decreasing trend from 2012 to 2013, after peaking in 2011, when the country imported defense equipment worth US$229 Million, however it is anticipated that during the forecast period the country will follow a more balanced procurement pattern to develop the capabilities of its army, navy, and air force. Brunei sourced the majority of its arms imports from Germany, while US stood as the second largest arms importer followed by France, Denmark, Netherlands, and Sweden.

China's claims in South China Sea and its subsequent growing assertiveness in this region has forced Brunei to reevaluate its priorities and invest in shaping its defense capability to address the maritime security threats. In the medium-term, the Brunei navy is expected to acquire maritime patrol aircraft, three CN235-220 maritime aircraft, and place an order to induct a C-130J Super Hercules transport aircraft from US to enhance air lift capabilities, maritime and border surveillance, disaster relief, and special operations capabilities. The RBAF has received delivery of final S-70i helicopters in 2015 under its multi-mission helicopter modernization program; however Brunei is likely to exercise its options for ten additional helicopters as part of the RBAF Sikorsky S70i project contract signed in 2011.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Market Entry Strategy

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

9. Appendix

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