Philippine 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
  • 3.1.6. Geopolitical, Social and Economic Scenario
  • 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 8.98%
  • 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 decrease over the forecast period
  • 3.3.2. Capital expenditure is anticipated to record a forecast-period CAGR of 10.50%
  • 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$2.45 billion in 2024
  • 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 11.33%
  • 3.4.2. Illicit drug trade and internal armed insurgencies drives homeland security expenditure
• 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. Airborne C4ISR
  • 3.6.2. Multi-role aircraft
  • 3.6.3. Maritime Surveillance and Detection

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 South Korea, Indonesia and US 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
  • 5.4.2. Erosion in the value of Philippine Peso to adversely impact defense imports
  • 5.4.3. Low defense capital expenditure may discourage several potential defense suppliers

6. Competitive landscape and Strategic Insights

• 6.1. Competitive landscape Overview
  • 6.1.1. The Philippine Market Share Analysis, 2019-2024
• 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. United Defense Manufacturing Corporation: overview
  • 6.2.6. United Defense Manufacturing Corporation: key products
  • 6.2.7. United Defense Manufacturing Corporation: recent announcements and strategic initiatives
  • 6.2.8. Leonardo: overview
  • 6.2.9. Leonardo: products and services
  • 6.2.10. Leonardo: recent announcements and strategic initiatives
  • 6.2.11. Leonardo: recent contract wins
  • 6.2.12. Remington Arms Company, LLC: overview
  • 6.2.13. Remington Arms Company, LLC: key products and services
  • 6.2.14. Remington: recent announcements and strategic initiatives
  • 6.2.15. Remington Arms Company, LLC: Recent Contract Wins
  • 6.2.16. ELTA Systems Ltd: overview
  • 6.2.17. ELTA Systems Ltd: key products and services
  • 6.2.18. ELTA Systems Ltd: recent announcements and strategic initiatives
  • 6.2.19. 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 GlobalData