Philippine Defense Market Giants Spending Is Going To Boom
HTF Market Intelligence released a new research report of 103 pages on title 'Philippine Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Raytheon, United Defense Manufacturing Corporation, Leonardo, Remington Arms Company, ELTA Systems Ltd.Request a sample report @ https://www.htfmarketreport.com/sample-report/2412708-philippine-defense-market
Summary
Philippine Defense 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.
This report offers detailed analysis of the Philippines defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
In particular, it provides an in-depth analysis of the following -
- The defense industry market size and drivers: detailed analysis of the Philippines 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
- Porter’s Five Force analysis of the Philippines defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Philippines defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
Scope
- The Philippines’ defense expenditure recorded a CAGR of 14.25% over the historic-period and stood at US$3.6 billion in 2019. The growing strength and assertiveness of the Chinese Navy with regards to territorial claims in the South China Sea has spurred the government to enhance its military capabilities
- Capital expenditure allocation, which stood at an average of 19.2% during the historic period, will decrease to an average of 15.4%
- Over the forecast period due to the procurement of fighter aircraft, corvettes, Multipurpose Attack Craft (MPAC), and infrastructure construction projects.
Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Philippines defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Philippines defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts
Companies Mentioned in the Report
Raytheon
United Defense Manufacturing Corporation
Leonardo
Remington Arms Company
ELTA Systems Ltd
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Table of Contents
LIST OF FIGURES
LIST OF TABLES
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary threat perception
3.1.2. Military doctrine and strategy
3.1.3. Procurement Programs
3.1.4. Top Procurement Programs by Value (US$ Million) 2019-2024
3.1.6. Geopolitical, Social and Economic Scenario
3.1.7. Political and strategic alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. The Philippines’ defense budget to grow at a forecast-period CAGR of 8.98%
3.2.2. Tensions in the South China Sea and modernization initiatives to drive the defense industry
3.2.3. Defense budget as a percentage of GDP to increase to 1.0% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Share of capital expenditure will slightly decrease over the forecast period
3.3.2. Capital expenditure is anticipated to record a forecast-period CAGR of 10.50%
3.3.3. The army accounted for the largest percentage share of the overall Philippines’ defense budget
3.3.4. Army defense expenditure to reach US$2.45 billion in 2024
3.3.5. Per capita defense expenditure to rise over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. The homeland security market will record a forecast-period CAGR of 11.33%
3.4.2. Illicit drug trade and internal armed insurgencies drives homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. The Philippines defense budget expected to increase over the forecast period
3.5.2. The Philippines’ defense expenditure is lower than other Asia countries
3.5.3. The defense budget as a percentage of GDP will increase over the forecast period
3.6. Market Opportunities: Key Trends and Drivers
3.6.1. Airborne C4ISR
3.6.2. Multi-role aircraft
3.6.3. Maritime Surveillance and Detection
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Limited domestic defense capabilities to drive the country’s defense imports
4.1.2. The South Korea, Indonesia and US are the major suppliers for The Philippines
4.1.3. Aircraft and naval vessels accounted for 88.6% of defense i
....Continued
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