Singapore Defense Sector Analysis & Forecast Available in New SDI Research Report at MarketPublishers.com23 Oct 2014 • by Natalie Aster
LONDON – The better half of Singapore’s advanced and high-end defense equipment is procured from overseas companies; aircraft, armored vehicles, ships, and missiles the key items constituting the country’s imports. Historically, the U.S. has been the dominant supplier of weaponry to Singapore; however, during 2009-2013, such countries as France and Germany have also deeply penetrated the national defense market. Singapore is one of the globe’s 30 leading defense exporters, due to strong government-backed support and successful product diversification attempts made by local companies. The country primarily exports defensive armament to Thailand, the UK, Nigeria, UAE, and Chad. The nation has also begun manufacturing its own military hardware, such as the Ultimax 100 Lightweight Light Machine Gun and SAR-21 Bullpup Assault Rifle.
Singapore’s total defense expenditure is expected to reach USD 54.8 billion by 2019, with helicopter, aircraft, submarines, and naval vessels being the key investment areas. The country’s estimated cumulative budget for homeland security is anticipated to be USD 20.7 billion over the forecast period.
New study “Future of the Singaporean Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2019” elaborated by Strategic Defence Intelligence (SDI) provides an extensive analysis of the defense market in Singapore.
The report contains a comprehensive, unbiased analysis of the country’s defense industry, covering historic and forecasted industry valuations, factors impacting demand and growth drivers for the sector. A brief review of the nation’s modernisation and spending patterns is included. The study looks at the budget allocation issues and details the key challenges faced by the local defense market participants. Porter's five forces analysis of Singapore’s defense sector is included. The research publication examines the prevalent trends in the country’s exports and imports over the past five years, identifies the five major defense investment opportunities in perspective. A granular analysis of the competitive landscape alongside exhaustive profiles of the leading industry players is provided. The report also provides insights into the different military requirements set to produce revenues in the offing.
Future of the Singaporean Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2019
Published: October, 2014
Price: US$ 1,250.00
More new market research reports by the publisher can be found at SDI page.