Defense Spending in Singapore

Defense Spending in Singapore

  • October 2019 •
  • 55 pages •
  • Report ID: 688920 •
  • Format: PDF
Defense Spending in Singapore

Defense Spending in Singapore industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2014-18, and forecast to 2023). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
- Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces, including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces, defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans’ benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
- The Singaporean defense spending market had a total budget allocation of $10,940.2m in 2018, representing a compound annual growth rate (CAGR) of 5% between 2014 and 2018.
- Market consumption volume declined with a CARC of -13.9% between 2014 and 2018, to reach a total of 81,061.7 active serving personnel in 2018.
- Increasing uncertainty between the US, China, and other countries in the South China Sea has led Singapore to ramp up its defense expenditure.

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in Singapore
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in Singapore
- Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Singapore defense spending market with five year forecasts by both value and volume

Reasons to buy
- What was the size of the Singapore defense spending market by value in 2018?
- What will be the size of the Singapore defense spending market in 2023?
- What factors are affecting the strength of competition in the Singapore defense spending market?
- How has the market performed over the last five years?
- What are the main segments that make up Singapore’s defense spending market?

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