Peruvian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025
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Peruvian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025
Peruvian 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 countrys 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 countrys 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 Perus defense industry during 2021-2025, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys 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 countrys 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 Perus 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
Peruvian 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 countrys 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 countrys 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 Perus defense industry during 2021-2025, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys 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 countrys 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 Perus 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
TABLE OF CONTENTS
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
3.2. Defense Market Size Historical and Forecast
3.3. Analysis of Defense Budget Allocation
3.4. Homeland Security Market Size and Forecast
3.5. Benchmarking with Key Global Markets
3.6. Market Opportunities: Key Trends and Growth Stimulators
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
5. Industry Dynamics
5.1. Five Forces Analysis
6. Market Entry Strategy
6.1. Market Regulation
6.2. Market Entry Route
6.3. Key Challenges
7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Peruvian Market Share Analysis, 2020-2025
7.3. Key Domestic Companies
8. Business Environment
8.1. Economic Performance
9. Appendix
9.1. About GlobalData
9.2. Disclaimer
List Of Tables
Table 1: Peruvian - Ongoing Development and Procurement Programs (US$ Million), 2014-2019
Table 2: Peruvian - Future Procurement Programs
Table 3: Peruvian- Top Five Defense Procurement Programs by Value (US$ Million), 2020-2025
Table 4: Peruvian Defense Expenditure (PEN Billion and US$ Billion), 2016-2025
Table 5: Peruvian GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2016-2025
Table 6: Peruvian Defense Budget Split Between Capital and Revenue Expenditure (%),2016-2025
Table 7: Peruvian Defense Capital Expenditure (PEN Millionand US$ Million), 2016-2025
Table 8: Peruvian Per Capita Defense Expenditure (US$), 2016-2025
Table 9: Peruvian Homeland Security Expenditure (PEN Billion and US$ billion), 2016-2025
Table 10: Benchmarking with Key Markets, 2016-2020 vs 2021-2025
Table 11: Top Peru Defense Sectors by Value (US$ Million), 2020-2025
Table 12: Defense Offset Regulations in Peru
Table 13: Competitive Landscape of the Peruvian Defense Industry
Table 14: Top Defense Suppliers in Peruvian Defense Industry By Value (US$ Million),2019-2024
Table 15: Los Servicios Industriales de la Marina (SIMA) - Products and Services
Table 16: Los Servicios Industriales de la Marina (SIMA)- Alliances
Table 17: Los Servicios Industriales de la Marina (SIMA) - Recent Contract Wins
Table 18: The Army Ammunition Factory (FAME) - Product Focus
Table 19: The Army Ammunition Factory (FAME)- Alliances
Table 20: The Army Ammunition Factory (FAME)- Recent Contract Wins
Table 21: Desarrollos Industriales Casanave - Product Focus
Table 22: Desarrollos Industriales Casanave - Alliances
List Of Figures
Figure 1: Peruvian Defense Budget: 2021 and 2025
Figure 2: Peruvian Defense Imports: 2015 and 2019
Figure 3: Peruvian TopProspective Procurements/Developments
Figure 4: Peruvian National Security Threats
Figure 5: Peruvian Partner Countries for Defense Cooperation and Military Training
Figure 6: Peruvian Defense Expenditure (PEN Billion), 2016-2025
Figure 7: Peruvian Defense Expenditure (US$ Billion), 2016-2025
Figure 8: Peruvian GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2016-2025
Figure 9: Peruvian Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025
Figure 10: Peruvian Capital Budget Allocation (PEN Million), 2016-2025
Figure 11: Peruvian Capital Budget Allocation (US$ Million), 2016-2025
Figure 12: Peruvian Per Capita Defense Expenditure (US$), 2016-2025
Figure 13: Peruvian Homeland Security Budget (PEN Billion), 2016-2025
Figure 14: Peruvian Homeland Security Budget (US$ Billion), 2016-2025
Figure 15: Benchmarking with Key Markets - 2016-2020 vs. 2021-2025
Figure 16: Defense Expenditure of the Worlds Largest Military Spenders (US$ Billion), 2020 and 2025
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2020
Figure 18: Frigates Market Size (US$ Million), 2020-2025
Figure 19: Main Battle Tank (MBT) Market Size (US$ Million), 2020-2025
Figure 20: Infantry Fighting Vehicle (IFV) Market Size (US$ Million), 2020-2025
Figure 21: Peruvian Defense Import Trend, 2015-2019 (TIV values)
Figure 22: Peruvian Defense Imports by Country (%), 2015-2019
Figure 23: Peruvian Defense Imports by Category (%),2015-2019
Figure 24: Industry Dynamics - Porters Five Forces Analysis
Figure 25: Peruvian Budgeting Process
Figure 26: Peruvian Market Share Analysis, 2020-2025
Figure 27: Peruvian GDP Per Capita (US$), 2015-2025
Figure 28: Peruvian Real GDP Growth Rate (%), 2016-2025
Figure 29: Peruvian Consumer Price Inflation (%), 2016-2025
Figure 30: Peruvian Unemployment Rate (%) of the Total Labor Force 2015-2025
Figure 31: Peruvian Government Cash Surplus/Deficit as a % of GDP (LCU), 2015-2025
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