Future of the Singaporean Defense Industry – Capital Expenditure Allocation to increase by 4.0% by 2023

The Future of the Singaporean Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2023, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.


This report offers detailed analysis of the Singaporean defense industry 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.

In particular, it provides an in-depth analysis of the following: 
– The Singaporean defense industry market size and drivers: detailed analysis of the Singaporean defense industry during 2019-2023, 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
– Porter’s Five Force analysis of the Singaporean defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry 
– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years 
– Market opportunities: details of the top five defense investment opportunities over the next 10 years
– Competitive landscape and strategic insights: analysis of the competitive landscape of the Singaporean defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.



– The Singaporean defense budget is valued at US$11 billion in 2018, and registered a CAGR of 2.99% during the historic period. The budget in the historic period was mainly driven by the threats posed by terrorist organizations such as the Al-Qaeda-linked Jemaah Islamiah (JI), and other regional terrorist groups.
– The capital expenditure allocation, which stood at an average of 3.7% during the historic period, is projected to increase to 4.0% over the forecast period. Although the Singapore Defense Force is considered to be the best equipped and well-trained force in Southeast Asia, the country plans to continue its procurement of advanced military hardware in order to counter the threats to national security.
– The MoD is expected to invest in land based C4ISR, infrastructure construction and physical security of critical infrastructure among others.

Reasons to buy

– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Singaporean defense industry market trends for the coming five years
– The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
– Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
– A deep qualitative analysis of the Singaporean defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts.

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Companies Mentioned:
ThyssenKrupp Marine Systems
Singapore Technologies Aerospace (ST Aerospace)
Singapore Technologies Marine (ST Marine)
Singapore Technologies Electronics (ST Electronics)
Singapore Technologies Kinetics (ST Kinetics)

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Ritesh Tiwari, Director
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Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.