Mexican Defense Market May Witness a Strong Growth Rate with a CAGR of 4.45% in Coming Years

Future of the Mexican Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, 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. At present, the market is developing its presence and some of the key players from the complete study are Productos Mendoza, Aviabaltika de Mexico, Lockheed Martin etc.

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Mexican Defense Industry Overview:
Mexican defense expenditure recorded a CAGR of 0.83% during the historic period and stood at US$6.4 billion in 2019. Over the forecast period, it is anticipated to register a CAGR of 4.45% to value US$8.0 billion in 2024. Being one of the largest oil and gas exporters in the North American and Latin American region, Mexico was hit hard by the fall in energy prices, which prompted the government to cut back on overall government spending. Due to this, the Mexican defense budget contracted for three consecutive years, 2015, 2016 and 2017, by -8.21%, -13.84% and -5.02%, respectively. This had an impact on the overall CAGR during the historic period. The defense budget as a percentage of GDP is expected to remain almost the same at an average of 0.49% over the forecast period, compared to an average of 0.49% during the historic period.

In particular, the report provides an in-depth analysis of the following -

· The Mexican defense industry market size and drivers: Detailed analysis of the Israeli defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns.

· Budget allocation and key challenges: Insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.

· Import and Export Dynamics: Analysis of prevalent trends in the country’s imports and exports over the last five years.

· Market opportunities: List of the top ten defense investment opportunities over the next 5 years.

· Competitive landscape and strategic insights: Analysis of the competitive landscape of the Israeli defense industry.

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Have a look at some extracts from Table of Content

Introduction about Future of the Mexican Defense

Table of Contents
1. Introduction 6
1.1. What is this Report About 6
1.2. Definitions 6
1.3. Summary Methodology 8
1.4. About Global Data 9
2. Executive Summary 10
3. Market Attractiveness and Emerging Opportunities 11
3.1. Current Market Scenario 12
3.1.1. Military Fleet size 12
3.1.2. Procurement Programs 16
3.1.3. Key Drivers and Challenges 17
3.2. Defense Market Size Historical and Forecast 18
3.3. Analysis of Defense Budget Allocation 23
3.4. Homeland Security Market Size and Forecast 28
4. Defense Procurement Market Dynamics 40
5. Market Entry strategy 45
6. Competitive Landscape and Strategic Insights 48
7. Business Environment and Country Risk 49
8. Appendix 64

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