Mexico - Defense and Security: Procurement drives expenditure (Strategy, Performance and Risk Analysis)

Mexico - Defense and Security: Procurement drives expenditure (Strategy, Performance and Risk Analysis)

Summary

The aircraft category is one of the key growth drivers of the Mexican defense and security industry, accounting for 57.1% of capital expenditure in 2016; followed by the helicopters category with 12.9%. The countrys defense expenditure fell from US$5.7 billion in 2012 to US$5.4 billion in 2016, at a CAGR of -1.2% due to the government cuts to the defense budget. However, expenditure will post a forecast-period CAGR of 1.9% to reach US$6.2 billion in 2021. Modernization initiatives and the procurement of advanced defense systems to combat drug trafficking will drive Mexicos defense expenditure.

MarketLines premium reports provide a comprehensive overview of each market within a countrys defense industry; benchmark key performance indicators against regional and global peers; review industry trends and drivers; evaluate the competitive landscape and innovation potential of singular markets; and conduct data-driven SWOT analysis to ascertain a structured assessment of the performance of each territory represented.

Key Highlights

Mexico invests in modernization projects:
Mexico is investing in the modernization of military equipment. Major procurements include Beechcraft T-6C+ Texan II armed trainers, Grob Aircraft G120TP twin-seat turboprop, Airbus C295M medium transports, UH-60M Black Hawk utility helicopters, and Damen Stan Patrol 4207 vessels, which will help strengthen the countrys defense capabilities. Multi-mission military helicopters, military-IT networking, corvettes, MRO facilities, and transport aircraft will all be allocated funds over the forecast period.

Mexico allocates a low percentage of GDP to defense:
Mexican defense expenditure as a percentage of GDP will decrease to -0.4% by 2021 due to a slump in the economy. The decline in prices for oil and gas - the main drivers of Mexican GDP - adversely affected government spending. Mexicos defense spending as a percentage of GDP averaged 0.5% during the review period, lower than the US, Brazil, Columbia, and Peru.

Homeland security expenditure to increase:
Total homeland security expenditure declined at a CAGR of -6.9%, from US$4.9 billion in 2012 to US$3.7 billion in 2016. However, expenditure will post a forecast-period CAGR of 3.9%, to reach US$5.0 billion in 2021. Mexicos homeland security expenditure is primarily used to maintain its internal security and law enforcement services. The need to protect the country from growing internal threats and drug traffickers will drive HLS expenditure over the forecast period.

Scope

- Industry Snapshot and Industry View - Key defense and security industry statistics including total expenditure, revenue expenditure, and capital expenditure are analysed to reveal the key issues and trends driving market performance in the Mexican defense and security market.
- Industry SWOT Analysis - Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the Mexican defense and security market.
- Industry Benchmarking - Benchmark how the Mexican defense and security market is performing compared to regional and global markets in terms of total expenditure, revenue expenditure, and capital expenditure to gauge potential for growth or market entry.
- Competitive Landscape - Detailed overview and product offerings of the leading defense and security players in Mexico.

Reasons to buy

- How is the market performing in terms of: total expenditure, revenue expenditure, and capital expenditure?
- How risky is it to invest in the Mexican defense and security industry compared to other North American countries?
- What is driving the performance of key industry segments such as aircraft, C4ISR electronics & IT, naval ships, helicopters, military vehicles, and others?
- Who are the leading players in the Mexican defense and security industry and their overview and product portfolio?
- What trends are being witnessed within the Mexican defense and security industry?
- What are the Mexican defense and security industrys Strengths and Weaknesses and what Opportunities and Threats does it face?
- What are the recent developments and innovations in the Mexican defense and security industry?

Executive Summary
Market value
Market value forecast
Market volume
Market volume forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market volume
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Market volume forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
AccorHotels
Hilton Worldwide Holdings Inc
Marriott International, Inc.
Movenpick Hotels & Resorts Management AG
Macroeconomic Indicators
Country data
Methodology
Appendix
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