Oct 22, 2018   SOURCE: BusinessWire

Future of the $11 Billion Singaporean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 - ResearchAndMarkets.com

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.

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

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/knr5kh/future_of_the_11?w=4