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(Transportation-News.com, September 03, 2016 ) The Future of the Thailand Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2021, published by Strategic Defence Intelligence, 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 developments.
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Key Findings
Over the historic period, Thailand’s defense expenditure registered growth of 1.19%, increasing from US$5.5billion in 2012 to US$5.7 billion in 2016 Thailand’s military expenditure, estimated to value US$5.9 billion in 2017, is expected to increase marginally to reach US$6.9 billion by 2021, registering a CAGR of 4.06% over the forecast period Thailand’s military expenditure will be driven by the modernization of its armed forces, the arms race in ASEAN countries, rising political disturbance, and border disputes The Defense Ministry is expected to procure main battle tanks, submarines, and transport aircraft
Synopsis
This report offers detailed analysis of the Thai 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:
Thailand defense industry market size and drivers: detailed analysis of the Thai defense industry during 2017–2021, 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 the army, navy, and air force. It also details the key challenges faced by defense market participants within the country Porter’s Five Force analysis of the Thailand defense industry: analysis of 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 coming 10 years Competitive landscape and strategic insights: Competitive landscape analysis of the Thai defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis
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Table of Contents
1 Introduction- Future of the Thailand Defense Industry 1.1. What is this Report About? 1.2. Definitions 1.3. Summary Methodology 1.4. SDI Terrorism Index 1.5. About Strategic Defence Intelligence
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities 3.1. Defense Market Size Historical and Forecast 3.1.1. Thailand's defense budget is expected to surge at a CAGR of 4.06% over the forecast period 3.1.2. Increase in arms race with other Asian countries, border conflicts, modernization of the armed forces, and political volatility drive Thai defense expenditure 3.1.3. Defense expenditure as a percentage of GDP to average 1.4% over the forecast period 3.2. Analysis of Defense Budget Allocation 3.2.1. Average capital expenditure over the forecast period will be 45.2% of the total defense budget 3.2.2. Expenditure on Army to increase at a CAGR of 3.98% over 2017-2021 3.2.3. Air Force expenditure is expected to increase over the forecast period 3.2.4. Naval expenditure is expected to reach US$1.4billion by 2021
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