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

  • ID: 4726824
  • Report
  • Region: Philippines
  • 97 pages
  • GlobalData
1 of 4

FEATURED COMPANIES

  • ELTA Systems Ltd
  • Leonardo
  • Raytheon
  • Remington Arms Company
  • MORE
Future of the Philippines' Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the Philippines' 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 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 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
  • 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 12.43% over the historic-period and stood at US$3.0 billion in 2018.
  • Over the forecast-period, it is anticipated to register a CAGR of 11.14% to value US$5.2 billion in 2023.
  • 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.
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.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • ELTA Systems Ltd
  • Leonardo
  • Raytheon
  • Remington Arms Company
  • MORE
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About

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. Military fleet size
3.1.4. Procurement Programs
3.1.5. Top Procurement Programs by Value (US$ Million) 2018-2023
3.1.6. Social, political, and economic environment and support for defense projects
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 11.14%
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 increase over the forecast period
3.3.2. Capital expenditure is anticipated to record a forecast-period CAGR of 11.23%
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$1.9 billion in 2023
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 6.63%
3.4.2. Illicit drug trade drives homeland security expenditure
3.4.3. The Philippines falls under the “highly affected” category in the terrorism index
3.4.4. The Philippines faces threats from terrorist organizations
3.4.5. The Philippines has a terrorism index score of 7.1
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. Multi-role aircraft
3.6.2. Diesel electric submarines
3.6.3. Corvettes

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 US, South Korea, and Indonesia are the major suppliers for The Philippines
4.1.3. Aircraft and naval vessels accounted for 88.6% of defense imports
4.2. Export Market Dynamics
4.2.1. The Philippines does not export any defense equipment

5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining power of suppliers: low
5.1.2. Bargaining power of buyers: medium
5.1.3. Barrier to entry: low to medium
5.1.4. Intensity of rivalry: low to medium
5.1.5. Threat of substitution: high
5.2. Market Regulation
5.2.1. Countertrade/offset policy aids the development of the domestic defense industry
5.2.2. Government unveils new procurement rules
5.3. Market Entry Route
5.3.1. Budgeting process
5.3.2. Procurement Policy and Process
5.3.3. Foreign military sales (FMS)
5.3.4. Collaborations provide market entry opportunities
5.4. Key Challenges
5.4.1. Increase in corruption and lack of transparency impedes industry growth

6. Competitive landscape and Strategic Insights
6.1. Competitive landscape Overview
6.2. Key Companies
6.2.1. Raytheon: overview
6.2.2. Raytheon: products
6.2.3. Raytheon: Recent announcements and strategic initiatives
6.2.4. Raytheon: Recent Contract Wins
6.2.5. Raytheon: Recent Contract Wins
6.2.6. United Defense Manufacturing Corporation: overview
6.2.7. United Defense Manufacturing Corporation: key products
6.2.8. United Defense Manufacturing Corporation: recent announcements and strategic initiatives
6.2.9. Leonardo: overview
6.2.10. Leonardo: products and services
6.2.11. Leonardo: recent announcements and strategic initiatives
6.2.12. Leonardo: recent contract wins
6.2.13. Remington Arms Company, LLC: overview
6.2.14. Remington Arms Company, LLC: key products and services
6.2.15. Remington: recent announcements and strategic initiatives
6.2.16. Remington Arms Company, LLC: Recent Contract Wins
6.2.17. ELTA Systems Ltd: overview
6.2.18. ELTA Systems Ltd: key products and services
6.2.19. ELTA Systems Ltd: recent announcements and strategic initiatives
6.2.20. ELTA Systems Ltd: Recent Contract Wins

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP per capita at constant prices (US$)
7.1.2. GDP at current prices (US$)
7.1.3. Exports of goods and services
7.1.4. Imports of goods and services
7.1.5. Gross national disposable income (US$ billions)
7.1.6. LCU per US$ (period average)
7.1.7. Market capitalization of listed companies (US$ billions)
7.1.8. Market capitalization of listed companies (percentage of GDP)
7.1.9. Government cash surplus/deficit as a percentage of GDP (LCU)
7.1.10. Goods exports as a percentage of GDP
7.1.11. Goods imports as a percentage of GDP
7.1.12. Service imports as a percentage of GDP
7.1.13. Services exports as a percentage of GDP
7.1.14. Foreign direct investment (FDI), net (BoP, current US$ billions)
7.1.15. Net FDI as a percentage of GDP
7.1.16. Mining, manufacturing, utilities output (PHP trillion)

8. Appendix
8.1. About
8.2. Disclaimer

List of Tables
Table 1: The Philippines Ground Forces Strength
Table 2: Philippines Air Force Strength
Table 3: Philippines Navy Strength
Table 4: The Philippines - Ongoing Development and Procurement Programs (US$ Million), 2014-2018
Table 5: The Philippines - Future Procurement Programs
Table 6: Philippines- Top Defense Procurement Programs by Value (US$ Million), 2018-2023
Table 7: The Philippines - Defense Expenditure (PHP Billion and US$ Billion), 2014-2023
Table 8: The Philippines - GDP Growth and Defense Expenditure as Percentage of GDP Growth (%), 2014-2023
Table 9: The Philippines - Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Table 10: The Philippines - Defense Capital Expenditure (PHP Billion & US$ Billion), 2014-2023
Table 11: The Philippines - Defense Budget Split by Army, Navy, Air Force, and Other Expenditure (%), 2014-2023
Table 12: Philippines Defense Budget in PHP Billion - Breakdown by Services (Army, Navy, Air Force and Others) 2014-2023
Table 13: Philippines Defense Budget in USD Billion - Breakdown by Services (Army, Navy, Air Force and Others) 2014-2023
Table 14: The Philippines - Per Capita Defense Expenditure (US$), 2014-2023
Table 15: The Philippines - Homeland Security Expenditure (PHP Billion and US$ Billion), 2014-2023
Table 16: Terrorism Index
Table 17: Benchmarking with Key Markets - 2014-2018 vs. 2019-2023
Table 18: Top Philippines Defense Sectors by Value (US$ Million), 2018-2023
Table 19: The Philippines - Countertrade/Offset Regulations
Table 20: Philippines Budget Formation Timetable
Table 21: FMS deals to Philippines
Table 22: Top Defense Suppliers in Philippines Defense Industry - By Value (US$ Million) 2018-2023
Table 23: Competitive Landscape of The Philippines Defense Industry
Table 24: Raytheon - Key Products
Table 25: Raytheon - alliances
Table 26: Raytheon - Recent Contract Wins
Table 27: United Defense Manufacturing Corporation - Key Products
Table 28: Leonardo - Key Products
Table 29: Leonardo-Finmeccanica - Recent Contract Wins
Table 30: Remington Arms Company, LLC: Key Products
Table 31: Remington Arms Company, LLC. - Recent Contract Wins
Table 32: ELTA Systems Ltd: Key Products
Table 33: ELTA Systems Ltd - Recent Contract Wins

List of Figures
Figure 1: The Philippines - Defense Expenditure (PHP Billion), 2014-2023
Figure 2: Philippines Defense Expenditure (US$ Billion), 2014-2023
Figure 3: Philippines GDP Growth and Defense Expenditure as Percentage of GDP Growth (%), 2014-2023
Figure 4: The Philippines - Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023
Figure 5: The Philippines - Defense Capital Expenditure (PHP Billion), 2014-2023
Figure 6: The Philippines - Defense Capital Expenditure (US$ Billion), 2014-2023
Figure 7: The Philippines - Defense Budget Split, Army, Navy, Air Force and Other Expenditure, 2014-2023
Figure 8: The Philippines - Defense Budget, by Service (PHP Billion), 2014-2023
Figure 9: The Philippines - Defense Budget by Service (US$ Billion), 2014-2023
Figure 10: The Philippines - Per Capita Defense Expenditure (US$), 2014-2023
Figure 11: The Philippines - Homeland Security Expenditure (PHP Billion), 2014-2023
Figure 12: The Philippines - Homeland Security Expenditure (US$ Billion), 2014-2023
Figure 13: Terrorism Heat Map, 2018
Figure 14: Terrorism Index, 2018
Figure 15: The Philippines - Benchmarked Against Key Markets (%), 2014-2018 vs. 2019-2023
Figure 16: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2018 and 2023
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018
Figure 18: The Philippines - Multi-Role Aircraft Market Size (US$ Million), 2018-2023
Figure 19: The Philippines - Diesel Electric Submarine Market Size (US$ Million), 2018-2023
Figure 20: The Philippines - Corvette Market Size (US$ Million), 2018-2023
Figure 21: The Philippines - Defense Imports (US$ Million), 2013-2017 (TIV values*)
Figure 22: The Philippines - Defense Imports by Country (%), 2013-2017
Figure 23: The Philippines - Defense Imports by Category (%), 2013-2017
Figure 24: Industry Dynamics Porter’s Five Forces Analysis
Figure 25: The Philippines - GDP Per Capita at Constant Prices (US$), 2015-2025
Figure 26: The Philippines - GDP at Current Prices (US$ Billion), 2015-2025
Figure 27: The Philippines - Exports of Goods and Services (LCU Billion), 2005-2014
Figure 28: The Philippines - Imports of Goods and Services (US$), 2005-2014
Figure 29: The Philippines - Gross National Disposable Income (US$ Billion), 2009-2012
Figure 30: The Philippines - LCU per US$, 2015-2024
Figure 31: The Philippines - Market Capitalization of Listed Companies (US$ Billion), 2005-2012
Figure 32: The Philippines - Market Capitalization of Listed Companies (Percentage of GDP), 2005-2012
Figure 33: The Philippines - Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2005-2012
Figure 34: The Philippines - Goods Exports as a Percentage of GDP (%), 2005-2014
Figure 35: The Philippines - Goods Imports as a Percentage of GDP (%), 2005-2014
Figure 36: The Philippines - Services Imports as a Percentage of GDP (%), 2005-2014
Figure 37: The Philippines - Services Exports as a Percentage of GDP (%), 2005-2014
Figure 38: The Philippines - FDI, Net (BoP, Current US$ Billion), 2005-2014
Figure 39: The Philippines - Net FDI as a Percentage of GDP, 2005-2014
Figure 40: The Philippines - Mining, Manufacturing, Utilities Output (PHP Trillion), 2005-2014
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
  • Raytheon
  • United Defense Manufacturing Corporation
  • Leonardo
  • Remington Arms Company
  • ELTA Systems Ltd
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
Adroll
adroll