Future of the Bruneian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

  • ID: 4592760
  • Report
  • Region: Brunei
  • 62 Pages
  • Strategic Defence Intelligence
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FEATURED COMPANIES

  • Bell Helicopters
  • GAIT Industries/ Nexter
  • Lockheed Martin
  • Pilatus
  • PT Pindad
  • Sikorsky
  • MORE

Brunei’s military expenditure stands at US$373.8 million in 2018 and is projected to register a CAGR of 1.89% till 2023. The country’s defense expenditure is primarily driven by China’s claims in the South China Sea, and its growing assertiveness in this region, forcing Brunei to reevaluate its priorities and invest in shaping its defense capability to address the maritime security threats and military modernization of the Royal Brunei Armed Forces (RBAF).

As a percentage of GDP, the country’s defense budget is expected to register an average of 2.6% over the forecast period. The average allocation for capital expenditure during the historic period was 32%. Over the forecast period, it is expected to allocate an average of 32.1%.

"Future of the Bruneian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023", 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 Bruneian 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 Bruneian defense industry market size and drivers: detailed analysis of the Bruneian defense industry during 2019-2023, 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 Bruneian defense industry.

Companies Mentioned: Lockheed Martin, Sikorsky, Construcciones Aeronáuticas SA (CASA)/ IPTN, GAIT Industries/ Nexter, Bell Helicopters, Pilatus, Messerschmitt-Bölkow-Blohm (MBB), PT Pindad, Royal Brunei Technical Services (RBTS).

Scope

  • Brunei’s military expenditure stands at US$373.8 million in 2018 and is projected to register a CAGR of 1.89% to reach US$443.2 million by 2023.
  • The country’s defense expenditure is primarily driven by territorial disputes in the South China Sea, the military modernization of the Royal Brunei Armed Forces (RBAF) and the threat of terrorism.
  • As a percentage of GDP, the country’s defense budget is expected to register an average of 2.6% over the forecast period.
  • The average allocation for capital expenditure during the historic period was 32%. Over the forecast period, it is expected to allocate an average of 32.1%.

Reasons to buy

  • This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Bruneian 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
  • Profiles of the top domestic and foreign defense manufacturers . This will provide the user with a total competitive landscape of the sector
  • A deep qualitative analysis of the Bruneian defense industry covering sections including demand drivers, Key Trends , and latest industry contracts.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bell Helicopters
  • GAIT Industries/ Nexter
  • Lockheed Martin
  • Pilatus
  • PT Pindad
  • Sikorsky
  • MORE

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Military Fleet Size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Brunei’s defense expenditure is expected to grow at a CAGR of 1.89% over the forecast period
3.2.2. Territorial disputes in the South China Sea, military modernization initiatives, and the threat of terrorism are expected to drive defense expenditure over the forecast period
3.2.3. Brunei’s defense expenditure as a percentage of GDP is expected to decrease marginally over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure allocation expected to increase during the forecast period
3.3.2. Capital expenditure to increase at a CAGR of 1.92% over the forecast period
3.3.3. Per capita defense expenditure is expected to increase during the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Brunei homeland security market to increase at a CAGR of 2.89% over the forecast period
3.4.2. Homeland security expenditure to be driven by human and illicit drug trafficking
3.4.3. Brunei faces some level of threat from terrorism
3.5. Benchmarking with Key Global Markets
3.5.1. Brunei’s defense budget is poised to grow over the forecast period
3.5.2. Brunei’s defense spending is low compared to other major military spenders
3.5.3. Brunei allocates a significant percentage of GDP towards defense spending
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections Over 2018-2023

4. Defense Procurement Market Dynamics
4.1. Import Dynamics
4.1.1. Defense imports recorded a decline during 2013-2017
4.1.2. Brunei sourced the majority of its arms imports from the US
4.1.3. Naval vessels and aircraft accounted for the majority of arms imports during 2013-2017
4.2. Export Dynamics
4.2.1. Brunei does not export military hardware due to a lack of domestic manufacturing capacity

5. Market Entry Strategy
5.1. Market Regulation
5.1.1. Brunei has not disclosed any offset obligations imposed by the country
5.1.2. FDI in the defense sector is controlled entirely by the government
5.2. Market Entry Route
5.2.1. Budget Process
5.2.2. Procurement Policy and Process
5.2.3. The biennial defense exhibition provides an attractive entry route
5.2.4. Direct commercial sales are the preferred entry route
5.2.5. Closer military co-operation provides an opportunity to enter the defense market

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP Per Capita
7.1.2. GDP, Current Prices
7.1.3. Exports of Goods and Services, Current Prices
7.1.4. Imports of Goods and Services, Current Prices
7.1.5. Gross National disposable income (US$ Billion)
7.1.6. Local Currency Unit per US Dollar
7.1.7. Goods Exports as a Percentage of GDP
7.1.8. Goods Imports as a Percentage of GDP
7.1.9. Service Imports as a Percentage of GDP
7.1.10. Service Exports as a Percentage of GDP
7.1.11. Foreign Direct Investment, net (BoP, Current US$ Billion)
7.1.12. Net Foreign Direct Investment as a Percentage of GDP
7.1.13. Mining, Manufacturing, Utilities Output (LCU Billion)

8. Appendix

List of Tables
Table 1: Brunei Land Forces Strength
Table 2: Brunei Navy Strength
Table 3: Brunei Air Force Strength
Table 4: Brunei Ongoing Procurement Programs
Table 5: Brunei Future Procurement Programs
Table 6: Brunei Defense Expenditure (BND Million & US$ Million), 2014-2023
Table 7: Brunei GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2014-2023
Table 8: Brunei Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 9: Brunei Defense Capital Expenditure (BND Million & US$ Million), 2014-2023
Table 10: Brunei Per-Capita Defense Expenditure (US$), 2014-2023
Table 11: Brunei Homeland Security Expenditure (BND Million & US$ Million), 2014-2023
Table 12: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 13: Top 10 Brunei’s Defense Market Sectors by Value (US$ Million) - 2018-2023
Table 14: Brunei Budget Preparation Process
Table 15: Brunei - Competitive Landscape of Defense Industry, 2018

List of Figures
Figure 1: Brunei Defense Expenditure (BND Million), 2014-2023
Figure 2: Brunei Defense Expenditure (US$ Million), 2014-2023
Figure 3: Brunei GDP Growth vs. Defense Expenditure as Percentage of GDP, 2014-2023
Figure 4: Brunei Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: Brunei Defense Capital Expenditure (BND Million), 2014-2023
Figure 6: Brunei Defense Capital Expenditure (US$ Million), 2014-2023
Figure 7: Brunei Per Capita Expenditure (US$), 2014-2023
Figure 8: Brunei Homeland Security Budget (BND Million), 2014-2023
Figure 9: Brunei Homeland Security Budget (US$ Million), 2014-2023
Figure 10: Terrorism Heat Map, 2018
Figure 11: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Figure 12: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 13: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 14: Brunei Defense Imports (US$ Million), 2013-2017
Figure 15: Brunei Defense Imports by Country (%), 2013-2017
Figure 16: Brunei Defense Imports by Weapon Category (%), 2013-2017
Figure 17: Brunei GDP Per Capita, 2015-2025
Figure 18: Brunei GDP, Current Prices (in US$ Billion), 2015-2025
Figure 19: Brunei Exports of Goods and Services, Current Prices (LCU Billion), 2005-2014
Figure 20: Brunei Imports of Goods and Services, Current Prices (LCU Billion), 2005-2014
Figure 21: Brunei Gross National Disposable Income (US$ Billion), 2010-2013
Figure 22: Local Currency Unit per US$ - Exchange Rate, 2015-2024
Figure 23: Brunei Goods Exports as a Percentage of GDP, 2005-2009
Figure 24: Brunei Goods Imports as a Percentage of GDP, 2005-2009
Figure 25: Brunei Service Imports as a Percentage of GDP, 2005-2009
Figure 26: Brunei Service Exports as a Percentage of GDP, 2005-2009
Figure 27: Brunei Foreign Direct Investment, net (BoP, Current US$ Billion), 2005-2009
Figure 28: Brunei Net Foreign Direct Investment as a Percentage of GDP, 2005-2009
Figure 29: Brunei Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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  • Lockheed Martin
  • Sikorsky
  • Construcciones Aeronáuticas SA (CASA)/ IPTN
  • GAIT Industries/ Nexter
  • Bell Helicopters
  • Pilatus
  • Messerschmitt-Bölkow-Blohm (MBB)
  • PT Pindad
  • Royal Brunei Technical Services (RBTS).
Note: Product cover images may vary from those shown
5 of 5
Note: Product cover images may vary from those shown
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