Synopsis

This report offers insights into market opportunities and entry strategies adopted by foreign OEMs to gain a market share in Singapore. In particular, it offers in-depth analysis of the following:

• Market opportunity and attractiveness: Detailed analysis of the current market size and growth expectations during 2011–2016, including highlights of the key drivers, to aid understanding of the growth dynamics. It also benchmarks the sector against key global markets and provides detailed understanding of emerging opportunities in specific areas.

• Procurement dynamics: Trend analysis of imports and exports, along with their implications and impact on the Singapore industry. Industry structure: Five forces analysis to identify various power centers in the Singapore industry and how these are likely to develop in the future.

• Market entry strategy: Analysis of possible ways to enter the market, along with knowledge of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.

• Competitive landscape and strategic insights: Analysis of the competitive landscape of defense manufacturers in Singapore. It provides an overview of the key defense companies (both domestic and foreign) along with insights such as key alliances, strategic initiatives and a brief financial analysis.

• Business environment and country risk: A range of drivers at country level, assessing business environment and country risk. It covers historical and forecast values for a range of indicators evaluating business confidence, economic performance, infrastructure quality and availability, labor force, demographics, and political and social risk.

Summary

• Analysis of defense industry market size from 2005 through 2010 and forecasts till 2016
• Analysis of defense budget allocation
• Benchmarking with key global markets
• Market opportunities
• Defense procurement dynamics
• Industry dynamics
• Market entry strategy
• Competitive landscape and strategic insights
• Business environment and country risk

Scope

• Gain insight into the Singapore defense industry with current, historic and forecast market values
• Get insight on market opportunity and attractiveness
• Get insight on industry procurement dynamics
• Gain insight on industry structure
• Gain insight into the regulations governing the Singapore defense industry and the potential market entry strategies with an expert analysis of the competitive structure
• Identify top companies of the Singapore defense industry along with profiles of all those companies

Reasons To Buy

Singapore has the largest defense expenditure in the South East Asian region and, in 2011, allocated US$9.66 billion for defense. This figure is expected to increase to US$13.15 billion by 2016. The country’s defense expenditure is primarily driven by the threat of terrorist organizations such as Jemaah Islamiah, and the country’s focus on the protection of important trade routes, such as the Strait of Singapore and the Strait of Malacca, from the threat of piracy. Singapore’s army is relatively small, resulting in the country using technology as a force multiplier, another factor which increases its defense expenditure. The country’s small size also renders it unable to provide adequate training facilities for its armed forces personnel. As such, the country relocates army training facilities to foreign countries, a decision that creates the need to purchase training stations and detachments overseas.

Key Highlights

Defense, budget, offset, regulation, capital expenditure, army, navy, air force, homeland, drivers, market opportunities, procurement, entry route, key challenge, announcements, alliances, contract awards, financial analysis, business environment

List of Tabes

Table 1: Singaporean Defense Expenditure, 2007–2011
Table 2: Singaporean Defense Expenditure, 2012–2016
Table 3: Singaporean Defense Budget Split Between Capital, Revenue and Research and Development expenditure, 2007–2011
Table 4: Singaporean Defense Budget Split Between Capital, Revenue and Research and Development expenditure, 2012–2016
Table 5: Singaporean Defense Research and Development Expenditure (US$ Million), 2007–2011
Table 6: Singaporean Defense Research and Development Expenditure (US$ Million), 2012–2016
Table 7: Singaporean Defense Expenditure as a Percentage of GDP, 2007–2011
Table 8: Singaporean Defense Expenditure as a Percentage of GDP, 2012–2016
Table 9: Singapore’s Homeland Security Expenditure (US$ billion), 2007–2011
Table 10: Singapore’s Homeland Security Expenditure (US$ billion), 2012–2016
Table 11: Benchmarking with Key Markets – 2007–2011 vs 2012–2016
Table 12: Benchmarking with World’s Largest Defense Spenders – 2011 and 2016
Table 13: ICD Research Terrorism Index
Table 14: Top Country Ranking by Value of Arms Imports, 2005–2010*
Table 15: Top Country Ranking by Arms Exports, 2005–2010*
Table 16: Boeing – product focus
Table 17: Boeing – Alliances
Table 18: Thales – product focus
Table 19: Thales – Alliances
Table 20: Thales - Recent Contract Wins
Table 21: Lockheed Martin – product focus
Table 22: Lockheed Martin - Alliances
Table 23: Singapore Technologies Aerospace – product focus
Table 24: Singapore Technologies Aerospace - Alliances
Table 25: Singapore Technologies Aerospace - Recent Contract Wins
Table 26: Singapore Technologies Marine – product focus
Table 27: Singapore Technologies Marine - Alliances
Table 28: Singapore Technologies Marine - Recent Contract Wins
Table 29: Singapore Technologies Electronics – product focus
Table 30: Singapore Technologies Electronics - Recent Contract Wins
Table 31: Singapore Technologies Kinetics – product focus
Table 32: Singapore Technologies Kinetics - Alliances
Table 33: Singapore Technologies Kinetics - Recent Contract Wins

List of Figures

Figure 1: Singaporean Defense Expenditure, 2007–2011
Figure 2: Singaporean Defense Expenditure, 2012–2016
Figure 3: Singaporean Defense Budget Split Between Capital, Revenue and Research and Development expenditure, 2007–2011
Figure 4: Singaporean Defense Budget Split Between Capital, Revenue and Research and Development expenditure, 2012–2016
Figure 5:Singaporean Defense Research and Development Expenditure(US$ Million), 2007–2011
Figure 6: Singaporean Defense Research and Development Expenditure(US$ Million),2012–2016
Figure 7: Singaporean Defense Expenditure as a Percentage of GDP, 2007–2011
Figure 8: Singaporean Defense Expenditure as a Percentage of GDP, 2012–2016
Figure 9: Singapore’s Homeland Security Expenditure (US$ billion), 2007–2011
Figure 10: Singapore’s Homeland Security Expenditure (US$ billion), 2012–2016
Figure 11: ICD Research Terrorism Heat Map
Figure 12: ICD Research Terrorism Heat Index, 2011
Figure 13: Benchmarking with Key Markets – 2007–2011 vs 2012–2016
Figure 14: Benchmarking with World’s Largest Defense Spenders–2011 and 2016
Figure 15: Benchmarking with Large Defense Spenders as % of GDP – 2011
Figure 16: Singapore Defense Imports (US$ Million), 2005–2010
Figure 17: Singapore Defense Imports by Country (%), 2005–2010
Figure 18: Singapore Defense Imports by Weapon Category (%), 2005–2010
Figure 19: Industry Dynamics – Porter’s Five Forces Analysis
Figure 20: Singapore Technologies Aerospace – Revenue Trend Analysis (SGD Million),2005–2009
Figure 21: Singapore Technologies Aerospace – Operating Profit Trend Analysis (SGD Million), 2005–2009
Figure 22: Singapore Technologies Aerospace – Net Profit Trend Analysis (SGD Million),2005–2009
Figure 23: Singapore Technologies Marine – Revenue Trend Analysis (SGD Million), 2005 – 2009
Figure 24: Singapore Technologies Marine – Operating Profit Trend Analysis (SGD Million),2005–2009
Figure 25: Singapore Technologies Marine – Net Profit Trend Analysis (SGD Million), 2005–2009
Figure 26: Singapore Technologies Electronics – Revenue Trend Analysis (SGD Million),2005–2009
Figure 27: Singapore Technologies Electronics – Operating Profit Trend Analysis (SGD Million), 2005–2009
Figure 28: Singapore Technologies Electronics – Net Profit Trend Analysis (SGD Million), 2005–2009
Figure 29: Singapore Technologies Kinetics – Revenue Trend Analysis (SGD Million), 2005 – 2009
Figure 30: Singapore Technologies Kinetics – Operating Profit Trend Analysis (SGD Million), 2005–2009
Figure 31: Singapore Technologies Kinetics – Net Profit Trend Analysis (SGD Million), 2005–2009
Figure 32: Singapore Business Expectations Index for Manufacturing Sector, 2008–2010
Figure 33: The Singapore Stock Exchange Market Capitalization (US$ Billion), 2003–2009
Figure 34: Singapore FDI Inflow by Sector (US$ Billion), 2003–2008
Figure 35: Singapore Deployment of Credit by Sector (US$ Billion), 2003–2009
Figure 36: Singapore GDP Value at Constant Prices (US$ Billion), 2003–2015
Figure 37: Singapore GDP Per Capita at Constant Prices (US$), 2003–2015
Figure 38: Singapore GDP at Current Prices (US$ Billion), 2003–2015
Figure 39: Singapore GDP Per Capita at Current Prices (US$), 2003–2015
Figure 40: Singapore GDP Split by Key Sectors (%), 2003 Vs. 2009
Figure 41: Singapore Agriculture Net Output at Current Prices (SGD Billion), 2003–2015
Figure 42: Singapore Agriculture Net Output at Current Prices (US$ Million), 2003–2015
Figure 43: Singapore Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2003–2015
Figure 44: Singapore Manufacturing Net Output at Current Prices (SGD Billion), 2003–2015
Figure 45: Singapore Manufacturing Net Output at Current Prices (US$ Billion), 2003–2015
Figure 46: Singapore Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2003–2015
Figure 47: Singapore Mining, Manufacturing and Utilities Net Output at Current Prices (SGD Billion), 2003–2015
Figure 48: Singapore Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2003–2015
Figure 49: Singapore Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP, 2003–2015
Figure 50: Singapore Construction Net Output at Current Prices (SGD Billion), 2003–2015
Figure 51: Singapore Construction Net Output at Current Prices (US$ Billion), 2003–2015
Figure 52: Singapore Construction Net Output at Current Prices as a Percentage of GDP (%), 2003–2015
Figure 53: Singapore Crude Steel Production (Thousand Metric Tons), 2003–2015
Figure 54: Singapore Crude Oil Consumption (Million Tons), 2003–2015
Figure 55: Singapore Inflation Rate (%), 2003–2015
Figure 56: Singapore Fiscal Balance as a Percentage of GDP (%), 2003–2009
Figure 57: Singapore Trade Balance as a Percentage of GDP (%), 2003–2009
Figure 58: Singapore Exports as a Percentage of GDP (%), 2003–2015
Figure 59: Singapore Imports as a Percentage of GDP (%), 2003–2015
Figure 60: Singapore Exports Growth (%), 2003–2015
Figure 61: Singapore Imports Growth (%), 2003–2015
Figure 62: Singapore Annual Average Exchange Rate US$–SGD, 2003–2009
Figure 63: Singapore End of Fiscal Year Exchange Rate, 2003–2009
Figure 64: Singapore Airports and Ports (Number of), 2009
Figure 65: Singapore Highways (Kilometers), 2009
Figure 66: Singapore Automotive Components Exports (US$ Million), 2003–2015
Figure 67: Singapore Automotive Components Imports (US$ Million), 2003–2015
Figure 68: Singapore Passenger Car Penetration (per 1,000 People), 2003–2015
Figure 69: Singapore Total Installed Capacity for Electricity Generation (Million Kilowatts),2003–2015
Figure 70: Singapore Installed Capacity for the Generation of Conventional Thermal Electricity (Million Kilowatts), 2003–2015
Figure 71: Singapore Electricity Production (Billion Kilowatt Hours), 2003–2015
Figure 72: Singapore Electricity Consumption (Billion Kilowatt Hours), 2003–2015
Figure 73: Singapore Healthcare Expenditure (US$ Billion), 2003–2015
Figure 74: Singapore Healthcare Expenditure as a Percentage of GDP (%), 2003–2015
Figure 75: Singapore Per Capita Healthcare Expenditure (US$), 2003–2015
Figure 76: Singapore Research and Development Expenditure as a Percentage of GDP (%),2003–2015
Figure 77: Singapore Internet Subscriptions (Thousand), 2003–2015
Figure 78: Singapore Broadband Internet Subscriptions (Thousand), 2003–2015
Figure 79: Singapore Personal Computer Penetration (per 100 People), 2003–2015
Figure 80: Singapore Mobile Phone Penetration Rate (%), 2003–2015
Figure 81: Singapore Size of Labor Force in 15-59 age group (Million), 2003–2015
Figure 82: Singapore Unemployment Rate (%), 2003–2015
Figure 83: Singapore Annual Disposable Income (US$ Billion), 2003–2015
Figure 84: Singapore Annual Per Capita Disposable Income (US$), 2003–2015
Figure 85: Singapore Consumer Expenditure on Food (US$ Billion), 2003–2015
Figure 86: Singapore Annual Per Capita Consumer Expenditure on Food (US$), 2003–2015
Figure 87: Singapore Urban and Rural Population (%), 2003–2015
Figure 88: Singapore Female Percentage of Population (%), 2003–2015
Figure 89: Singapore Male Percentage of Population (%), 2003–2015
Figure 90: Singapore Mean Age of Population (Years), 2003–2015
Figure 91: Singapore Median Age of Population (Years), 2003–2015
Figure 92: Singapore Population Density (per Square Kilometer) 2003–2015
Figure 93: Singapore Population Distribution by Age (%), 2003–2015
Figure 94: Singapore Male Population Distribution by Age (%), 2003–2015
Figure 95: Singapore Female Population Distribution by Age (%), 2003–2015
Figure 96: Singapore Number of Households (Million), 2003–2015
Figure 97: Global Terrorism Heat Map, 2009
Figure 98: Singapore Transparency Index, 2003–2009

Companies Mentioned

 Boeing, Thales, Lockheed Martin, Singapore Technologies Aerospace, Singapore Technologies Marine, Singapore Technologies Electronics, Singapore Technologies Kinetics.