Market Research Report
The Philippine Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025
|Published by||GlobalData||Product code||920860|
|Published||Content info||100 Pages
Delivery time: 1-2 business days
|The Philippine Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025|
|Published: March 27, 2020||Content info: 100 Pages||
The Philippine Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for maritime and border security market over the forecast period.
The Philippines' defense expenditure recorded a CAGR of 8.21% over the historic-period and stood at US$3.8 billion in 2020.Territorial claims in the South China Sea and the increasing strength and assertiveness of the Chinese armed forces have spurred the Philippine government to enhance its military capabilities. In order to achieve this, the Philippine government has approved the Horizon II program under which the Philippines Department of National Defense is expected to spend US$5.6 billion during 2018-2022 on the procurement of military hardware and the modernization of armed forces of the country.
Internal and external threats to the Philippines include the rise of terrorism, tensions in the South China Sea, and the illicit drug trade. Due to these factors, the Philippines is expected to increase its military and homeland security expenditure over the forecast period.
Defence Startup's, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.
This report offers detailed analysis of the Philippine defense market 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 -