Future of the Peruvian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Table of Contents

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
    • 3.1.3.1. Ongoing Procurement Programs
    • 3.1.3.2. Future Procurement Programs
    • 3.1.3.3. Top Procurement Programs by Value (US$ million) 2019-2024
  • 3.1.4. Geopolitical, social, and economic scenario
  • 3.1.5. Political and Strategic Alliances
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Defense expenditure to grow at a CAGR of 2.53% over the forecast period
  • 3.2.2. Threat of narco-terrorism, defense reforms and modernization, border disputes, and peacekeeping operations to drive defense expenditure
  • 3.2.3. Defense budget as a percentage of GDP is anticipated to average 0.8% during the forecast period
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Revenue expenditure accounts for the majority of the Peruvian defense budget
  • 3.3.2. Peruvian defense capital expenditure is expected to grow at a CAGR of 3.14% during the forecast period
  • 3.3.3. Per capita defense expenditure expected to increase during the forecast period
• 3.4. Homeland Security Market Size and Forecast
  • 3.4.1. Homeland security expenditure is expected to grow at a CAGR of 4.44% during the forecast period
  • 3.4.2. Measures to prevent cocaine trafficking and organized crime to drive HLS expenditure
• 3.5. Benchmarking with Key Global Markets
  • 3.5.1. Peruvian defense budget expected to register marginal growth over the forecast period
  • 3.5.2. Peru’s military expenditure is limited compared to countries with the largest defense expenditure
  • 3.5.3. Peru allocates a low percentage of GDP to defense
• 3.6. Market Opportunities: Key Trends and Growth Stimulators
  • 3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2019-2024
  • 3.6.2. Critical Infrastructure Protection (CIP)-Physical Security
  • 3.6.3. Military Transport Aircraft
  • 3.6.4. Frigates

4. Defense Procurement Market Dynamics

• 4.1. Import Market Dynamics
  • 4.1.1. Defense imports expected to increase during the forecast period
  • 4.1.2. South Korea to account for the majority of Peru’s defense imports during the forecast period
  • 4.1.3. Aircraft and naval vessels are the most imported military hardware

5. Industry Dynamics

• 5.1. Five Forces Analysis
  • 5.1.1. Bargaining Power of Supplier: Low to Medium
  • 5.1.2. Bargaining Power of Buyer: Medium to High
  • 5.1.3. Barriers to Entry: Medium
  • 5.1.4. Intensity of Rivalry: Medium to High
  • 5.1.5. Threat of Substitution: Medium to High

6. Market Entry Strategy

• 6.1. Market Regulation
  • 6.1.1. Budgeting process
  • 6.1.2. Procurement Policy and Process
  • 6.1.3. Offset policy aids development of domestic defense industry
  • 6.1.4. Peru allows 100% FDI in the defense industry
• 6.2. Market Entry Route
  • 6.2.1. The country’s biennial defense exhibition provides an attractive entry route
  • 6.2.2. Direct selling is the preferred market entry route for foreign OEMs
• 6.3. Key Challenges
  • 6.3.1. Small defense budget and infrastructure challenge limits the market entry of foreign companies
  • 6.3.2. Lack of transparency hampers the growth of the Peruvian defense industry

7. Competitive Landscape and Strategic Insights

• 7.1. Competitive Landscape Overview
• 7.2. Peruvian Market Share Analysis, 2019-2024
• 7.3. Key Domestic Companies
  • 7.3.1. Los Servicios Industriales de la Marina (SIMA): Overview
  • 7.3.2. Los Servicios Industriales de la Marina (SIMA): Products and Services
  • 7.3.3. Los Servicios Industriales de la Marina (SIMA): Recent Announcements and Strategic Initiatives
  • 7.3.4. Los Servicios Industriales de la Marina (SIMA): Alliances
  • 7.3.5. Los Servicios Industriales de la Marina (SIMA): Recent Contract Wins
  • 7.3.6. The Army Ammunition Factory (FAME): Overview
  • 7.3.7. The Army Ammunition Factory (FAME): Products and Services
  • 7.3.8. The Army Ammunition Factory (FAME): Recent Announcements and Strategic Initiatives
  • 7.3.9. Desarrollos Industriales Casanave: Overview
  • 7.3.10. Desarrollos Industriales Casanave: Products and Services
  • 7.3.11. Desarrollos Industriales Casanave: Recent Announcements and Strategic Initiatives
  • 7.3.12. Desarrollos Industriales Casanave: Alliances

8. Business Environment and Country Risk

• 8.1. Economic Performance
  • 8.1.1. GDP Per Capita (US$)
  • 8.1.2. GDP, Current Prices (US$ Billion)
  • 8.1.3. Exports of Goods and Services, Current Prices (LCU billion)
  • 8.1.4. Imports of Goods and Services, Current Prices (LCU billion)
  • 8.1.5. Gross National Disposable Income (US$ billion)
  • 8.1.6. Local Currency Unit per US$ (Period Average)
  • 8.1.7. Market Capitalization of Listed Companies (US$ Billion)
  • 8.1.8. Market Capitalization of Listed Companies (% of GDP)
  • 8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
  • 8.1.10. Goods Exports as a Percentage of GDP
  • 8.1.11. Goods Imports as a Percentage of GDP
  • 8.1.12. Services Imports as a Percentage of GDP
  • 8.1.13. Services Exports as a Percentage of GDP
  • 8.1.14. Foreign Direct Investment, Net (BoP, Current US$ Billion)
  • 8.1.15. Net Foreign Direct Investment as a Percentage of GDP
  • 8.1.16. Mining, Manufacturing, Utilities Output LCU Billion

9. Appendix

• 9.1. About GlobalData