Singaporean Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

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
  • 3.1.5. Geopolitical, Social and Economic Scenario
  • 3.1.6. Political and Strategic Alliances
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Defense expenditure expected to grow at a CAGR of 3.16% during 2020-2024
  • 3.2.2. Countering terrorist threats, acquiring sophisticated military equipment and overseas training requirements are expected to drive defense expenditure
  • 3.2.3. Defense expenditure as a percentage of GDP is expected to average 3.0% during 2020-2024
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Capital expenditure allocation is expected to increase over the forecast period
  • 3.3.2. Singapore’s defense capital expenditure to value US$488.6 million in 2024
  • 3.3.3. Per capita defense expenditure to increase over the forecast period
• 3.4. Homeland Security Market Size and Forecast
  • 3.4.1. Homeland Security (HLS) is expected to grow at CAGR 5.16% over the forecast period
  • 3.4.2. Border protection and cyber security are driving the country’s homeland security budget
• 3.5. Benchmarking with Key Global Markets
  • 3.5.1. Singapore has the second highest defense expenditure in Southeast Asia
  • 3.5.2. The country’s defense budget is high compared to other Southeast Asian countries
  • 3.5.3. The defense budget as a percentage of GDP is set to slightly decrease over the forecast period
• 3.6. Market Opportunities: Key Trends and Drivers
  • 3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2019-2024
  • 3.6.2. Critical Infrastructure Protection (CIP) - Physical Security
  • 3.6.3. Submarine - SSK-Diesel Electric Submarine
  • 3.6.4. Military Infrastructure and Logistics - Infrastructure Construction

4. Defense Procurement Market Dynamics

• 4.1. Import Market Dynamics
  • 4.1.1. Defense imports are expected to increase over the forecast period
  • 4.1.2. The US dominated Singaporean defense imports from 2014-2018
  • 4.1.3. Aircraft were the major defense imports during 2014-2018
• 4.2. Export Market Dynamics
  • 4.2.1. Arms export expected to increase over the forecast period
  • 4.2.2. Oman emerged as the biggest importer of Singaporean defense equipment
  • 4.2.3. Naval vessels accounted for the majority of defense exports between 2014 and 2018

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. Barrier to Entry: Medium
  • 5.1.4. Intensity of Rivalry: High
  • 5.1.5. Threat of Substitution: High

6. Market Entry Strategy

• 6.1. Market Regulation
  • 6.1.1. Favorable FDI policies to attract foreign OEMs
  • 6.1.2. Defense policy requires investments in training and technology to develop domestic capabilities
• 6.2. Market Entry Route
  • 6.2.1. Budgeting Process
  • 6.2.2. Procurement Policy and Process
  • 6.2.3. The transfer of technology is a key entry strategy for foreign OEMs
• 6.3. Key Challenges
  • 6.3.1. Limited defense budget discourages investors from entering market
  • 6.3.2. Restricted availability of production discourages foreign investments

7. Competitive Landscape and Strategic Insights

• 7.1. Competitive Landscape Overview
  • 7.1.1. Singapore’s defense sector has a mix of domestic and foreign competitors
• 7.2. Singapore Market Share Analysis, 2019-2024
• 7.3. Key Foreign Companies
  • 7.3.1. Boeing: Overview
  • 7.3.2. Boeing: Products and Services
  • 7.3.3. Boeing: Recent announcements and strategic initiatives
  • 7.3.4. Boeing: Alliances
  • 7.3.5. Boeing: Recent Contract Wins
  • 7.3.6. ThyssenKrupp Marine Systems: Overview
  • 7.3.7. ThyssenKrupp Marine Systems: Products
  • 7.3.8. ThyssenKrupp Marine Systems: Recent Announcements and Strategic Initiatives
  • 7.3.9. ThyssenKrupp Marine Systems: Recent Contract Wins
  • 7.3.10. Thales: Overview
  • 7.3.11. Thales: Products
  • 7.3.12. Thales: Recent Announcements and Strategic Initiatives
  • 7.3.13. Thales: Alliances
  • 7.3.14. Thales: Recent Contract Wins
  • 7.3.15. Singapore Technologies Aerospace: Overview
  • 7.3.16. Singapore Technologies Aerospace: Products
  • 7.3.17. Singapore Technologies Aerospace: Recent Announcements and Strategic Initiatives
  • 7.3.18. Singapore Technologies Aerospace: Alliances
  • 7.3.19. Singapore Technologies Aerospace: Recent Contract wins
  • 7.3.20. Singapore Technologies Marine: Overview
  • 7.3.21. Singapore Technologies Marine: Products
  • 7.3.22. Singapore Technologies Marine: Recent Announcements and Strategic Initiatives
  • 7.3.23. Singapore Technologies Marine: Alliances
  • 7.3.24. Singapore Technologies Marine Recent Contract Wins
  • 7.3.25. Singapore Technologies Electronics: Overview
  • 7.3.26. Singapore Technologies Electronics: Products and Services
  • 7.3.27. Singapore Technologies Electronics: Recent Announcements and Strategic Initiatives
  • 7.3.28. Singapore Technologies Electronics: Alliances
  • 7.3.29. Singapore Technologies Electronics: Recent contract wins
  • 7.3.30. Singapore Technologies Kinetics: Overview
  • 7.3.31. Singapore Technologies Kinetics: Products and Services
  • 7.3.32. Singapore Technologies Kinetics: Recent Announcements and Strategic Initiatives
  • 7.3.33. Singapore Technologies Kinetics: Alliances
  • 7.3.34. Singapore Technologies Kinetics: Recent Contract Wins

8. Business Environment and Country Risk

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

9. Appendix