Thai Defense Market Prospects Explored & Forecast in New Cutting-Edge SDI Report Now Available at MarketPublishers.com15 May 2013 • by Natalie Aster
LONDON – Thailand’s defense spending grew at 5.14% CAGR during 2009-2013 to a value of just over USD 6bn in 2013. Starting from 2014 to 2018, the nation’s defense budget is set to grow at about 7.2% CAGR, to approach a value of USD 8.7bn by end-2018. The need for the armed forces’ modernisation, the rush of armaments with other Asian nations, and the border security concerns will enable the Thai MoD to procure a huge amount of military equipment over the foreseeable future.
From 2008 to 2012, aircraft accounted for the majority of Thailand's total defense imports; with armored vehicles, missiles, and ships coming after with 19.1%, 15.2%, and 11.5% shares, respectively. From 2013 through 2017, the country is expected to import armored vehicles, helicopters, and frigates to counter southern insurgent activity and fortify its navy.
New report “Future of the Thai Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018” elaborated by Strategic Defence Intelligence (SDI) provides an extensive review of the Thai defense industry.
The study explores the current market size and growth expectations up to 2018, with coverage of major trends and growth drivers, as well as benchmarks the industry against key global markets along with providing a refined understanding of emerging opportunities in specific areas. The report examines dynamics of imports and exports, presents Porter’s five forces analysis to identify various power centers in the industry and how these are set to develop in years to come, as well as discusses market entry opportunities and associated risks and challenges. Additionally, the research offers extensive profiles the top defense companies.
Companies mentioned include: Avia Saab Technologies Co., Ltd., Avia Satcom, Infowave (Thailand) Co., Ltd.
Future of the Thai Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
Published: May, 2013
Price: US$ 1,250.00
Other Defence & Security Reports by SDI Include:
- Future of the Brazilian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018
- HEICO Corporation: Defense - Company Profile, SWOT and Financial Report
- LIG Nex1: Defense - Company Profile and SWOT Report
More new reports by the publisher can be found at SDI page.