Peruvian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

Peru Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

Summary

Peru 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.

Over the forecast period, Peruvian military expenditure, which stood at US$2.24 billion in 2019, declined to US$2.17 billion in 2020, due to economic crisis triggered by the outbreak of COVID-19 virus, and the subsequent damage to commercial activities in the country. The Peruvian economy was already showing signs of distress and posted a relatively low annual growth of just 1.6% during 2019, and the impact of COVID-19 crisis on the Peruvian economy has put further pressure on the fragile economy. As a result, the country is unlikely to be in a position to afford expansive defense procurement program in the year 2020. However, over the forecast period the country's defense expenditure is anticipated topost a CAGR of 9.62%, fueled primarily by the adoption of previously deferred defense modernization programs on a priority basis.

Military capital expenditure, on a cumulative basis, is anticipated to be US$861.9 million over the forecast period, which is lower than the US$934.3 million spent during the historic period. The decrease is due to the budgetary pressures driven by the slowdown in economic growth between 2019-2020, compounded by the onset of COVID-19 virus which has adversely impacted the country’s economy which is forecasted to contract by as much as -11.7% in 2020

Over the forecast period, the country is expected to invest in transport aircraft and multi-role aircraft, border security, infantry fighting vehicles, main battle tanks, UAVs, and frigates.

This report offers detailed analysis of the Peruvian 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.

Key Highlights

• Over the forecast period, the Peruvian defense expenditure is anticipated to increase at a CAGR of 9.62% to value US$3.7 billion in 2025.
• The Peruvian defense market has three major sectors: Frigates, Main Battle Tanks (MBT) and Infantry Fighting Vehicles (IFV) .
• Over the forecast period, on a cumulative basis, Peru is anticipated to spend US$861.9 million on defense capital expenditure.
• In the coming years, demand for equipment is expected to mainly revolve around the procurement of multirole aircraft, multi-mission helicopters, naval vessels, transport helicopters, and the modernization of armored vehicles capabilities.

Scope

In particular, it provides an in-depth analysis of the following -

• The Peruvian defense industry market size and drivers: detailed analysis of the Peru's defense industry during 2021-2025, 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 Peru's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Peruvian defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Peruvian market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Peruvian defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channelize resources by focusing on the ongoing programs that are being undertaken by the Peruvian government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country.
• The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available