Future of the Singaporean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020

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The Singaporean defense market will be driven by threats posed by terrorist organizations such as the Al-Qaeda-linked Jemaah Islamiah (JI), and other regional terrorist groups, the acquisition of automated military equipment, and the overseas training of its armed forces. In addition, the capital expenditure allocation is anticipated to average 11.5% of the total defense budget during 20162020 and defense equipment procurements are expected to be in the areas of cyber security equipment, corvettes, multi-role aircraft, and multi-role aircraft and MRO services.

Key Findings

During 20112015, Singaporean defense expenditure registered a growth rate of 0.76%, increasing from US$9.4 billion in 2011 to US$9.7 billion in 2015

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Military expenditure is anticipated to register a CAGR of 3.27% during 20162020, to value US$11.2 billion in 2020

Threats from terrorist organizations, acquisition of automated military equipment, and the overseas training of its armed forces are expected to drive defense expenditure over the forecast period

Demand for equipment is mainly expected to revolve around cyber security equipment, corvettes, multi-role aircraft, and multi-role aircraft and MRO services during 20162020

Synopsis

Strategic Defense Intelligences report - Future of the Singaporean Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2020 offers detailed analysis of the industry with market size forecasts from 20162020. This report will also analyze factors that influence demand in the industry, key market trends, and challenges faced by industry participants.

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