Sections
| Title |
|---|
| Table of Contents |
| 1 Introduction |
| 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. Chilean defense expenditure to be US$11.8 billion over the forecast period |
| 3.1.2. Border disputes and military modernization to drive defense expenditure |
| 3.1.3. Defense expenditure as a percentage of GDP is anticipated to decline over the forecast period |
| 3.2. Analysis of Defense Budget Allocations |
| 3.2.1. Capital expenditure allocation expected to increase over the forecast period |
| 3.2.2. Capital expenditure expected to decrease over the forecast period |
| 3.2.3. Army and navy expenditure accounts for most of the Chilean defense budget |
| 3.2.4. Army defense expenditure is estimated to surpass US$1 billion in 2021 |
| 3.2.5. Naval expenditure is estimated to register a CAGR of 0.58% over the forecast period |
| 3.2.6. Air force defense expenditure expected to grow at a CAGR of 1.52% during 2017-2021 |
| 3.2.7. Per-capita defense expenditure expected to increase over the forecast period |
| 3.3. Homeland Security Market Size and Forecast |
| 3.3.1. Homeland Security market in Chile expected to grow at a CAGR of 7.35% during the forecast period |
| 3.3.2. Drug trafficking, natural disasters, and threats from the Mapuche community to drive homeland security budget |
| 3.3.3. Chile considered at 'moderate risk' of terrorist attack |
| 3.3.4. Chile experienced low terror activity during the historic period |
| 3.3.5. Chile has a SDI terrorism index score of 4.0 |
| 3.4. Benchmarking with Key Global Markets |
| 3.4.1. Chilean defense budget expected to register consistent growth over the forecast period |
| 3.4.2. Chilean military expenditure is expected to remain low compared to other leading spenders |
| 3.4.3. Defense budget as a percentage of GDP expected to remain low on a global scale |
| 3.5. Market Opportunities: Key Trends and Growth Stimulators |
| 3.5.1. Multi-role Aircraft MRO |
| 3.5.2. Transport Aircraft MRO |
| 3.5.3. Air-Air Missiles |
| 3.5.4. Military IT - Networking |
| 4 Defense Procurement Market Dynamics |
| 4.1. Import Market Dynamics |
| 4.1.1. Defense imports maintained large volumes during the historic period |
| 4.1.2. The US accounts for most Chilean defense imports |
| 4.1.3. Aircraft, armored vehicles, and ships are the largest imported military hardware |
| 5 Industry Dynamics |
| 5.1. Five Forces Analysis |
| 5.1.1. Bargaining power of supplier: medium |
| 5.1.2. Bargaining power of buyer: high |
| 5.1.3. Barrier to entry: low |
| 5.1.4. Intensity of rivalry: medium to high |
| 5.1.5. Threat of substitution: high |
| 6 Market Entry Strategy |
| 6.1. Market Regulation |
| 6.1.1. Offset policy aids the development of the domestic defense industry |
| 6.1.2. Foreign direct investment in the defense sector is restricted |
| 6.2. Market Entry Route |
| 6.2.1. The country's biennial defense exhibition provides an attractive entry route |
| 6.2.2. Joint ventures and collaborations provide market entry opportunities |
| 6.2.3. Foreign equipment manufacturers enter the market through direct commercial sales |
| 6.3. Key Challenges |
| 6.3.1. Decreasing defense budget due to removal of the Copper Reserve Law |
| 6.3.2. Changes in the economic environment |
| 7 Competitive Landscape and Strategic Insights |
| 7.1. Competitive Landscape Overview |
| 7.2. Key Domestic Companies |
| 7.2.1. FAMAE: overview |
| 7.2.2. FAMAE: products and services |
| 7.2.3. FAMAE: recent announcements and strategic initiatives |
| 7.2.4. FAMAE: Alliances |
| 7.2.5. FAMAE: recent contract wins |
| 7.2.6. Desarrollo de Tecnologias y Sistemas (DTS): overview |
| 7.2.7. Desarrollo de Tecnologias y Sistemas (DTS): products and services |
| 7.2.8. Desarrollo de Tecnologias y Sistemas (DTS): recent announcements and strategic initiatives |
| 7.2.9. Desarrollo de Tecnologias y Sistemas (DTS): alliances |
| 7.2.10. Linktronic Radar Systems: overview |
| 7.2.11. Linktronic Radar Systems: products |
| 7.2.12. SISDEF Ltda: overview |
| 7.2.13. SISDEF Ltda: products |
| 7.2.14. SISDEF Ltda: recent announcements and strategic initiatives |
| 7.2.15. SISDEF Ltda: recent contract wins |
| 8 Business Environment and Country Risk |
| 8.1. Economic Performance |
| 8.1.1. GDP Per Capita |
| 8.1.2. GDP, Current Prices |
| 8.1.3. Local Currency Unit per US$ |
| 8.1.4. Market Capitalization of Listed Companies |
| 8.1.5. Market Capitalization of Listed Companies (% of GDP) |
| 8.1.6. Exports of Goods & Services (LCU) |
| 8.1.8. Imports of goods & services (LCU) |
| 8.1.9. Goods exports as % of GDP |
| 8.1.10. Goods imports as % of GDP |
| 8.1.11. Gross national disposable income (USD Bn) |
| 8.1.12. Service Imports as % of GDP |
| 8.1.13. Service Exports as % of GDP |
| 8.1.14. Foreign Direct Investment |
| 8.1.15. Net foreign direct investment as % of GDP |
| 8.1.16. Government cash surplus/deficit as % of GDP (LCU) |
| 8.1.17. Mining, Manufacturing, Utilities Output |
| 9 Appendix |
| 9.1. About SDI |
| 9.2. Disclaimer |
| List of Tables |
| Table 1: Chilean Defense Expenditure (CLP$ billion & US$ billion), 2012-2021 |
| Table 2: Chilean GDP Growth vs. Defense Expenditure Growth and Defense Expenditure as a Percentage of GDP, 2011-2015 |
| Table 3: Chilean Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2021 |
| Table 4: Chilean Defense Capital Expenditure (CLP$ Billion & US$ Million), 2012-2021 |
| Table 5: Chilean Defense budget breakdown (%), 2012-2021 |
| Table 6: Chilean Defense Expenditure for Army (CLP$ Billion & US$ Million), 2012-2021 |
| Table 7: Chilean Defense Expenditure for Navy (CLP$ billion & US$ Million), 2012-2021 |
| Table 8: Chilean Defense Expenditure for Air Force (CLP$ Billion & US$ Million), 2012-2021 |
| Table 9: Chilean Per-Capita Defense Expenditure (US$), 2012-2021 |
| Table 10: Chilean Homeland Security Expenditure (CLP$ trillion & US$ billion), 2012-2021 |
| Table 11: SDI Terrorism Index, 2016 |
| Table 12: Benchmarking with Key Markets - 2012-2016 vs. 2017-2021 |
| Table 13: FAMAE- Product Focus |
| Table 14: FAMAE - Alliances |
| Table 15: FAMAE: Recent Contract Wins |
| Table 16: Desarrollo de Tecnologias y Sistemas (DTS) - Product Focus |
| Table 17: Desarrollo de Tecnologias y Sistemas (DTS) - Alliances |
| Table 18: SISDEF Ltda -Recent Contract Wins |
| List of Figures |
| Figure 1: Chilean Defense Expenditure (CLP$ Billion), 2012-2021 |
| Figure 2: Chilean Defense Expenditure (US$ Billion), 2012-2021 |
| Figure 3: Chilean GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2012-2021 |
| Figure 4: Chilean Defense Expenditure Allocation for Capital and Revenue Expenditure (%), 2012-2021 |
| Figure 5: Chilean Defense Capital Expenditure (CLP$ Billion), 2012-2021 |
| Figure 6: Chilean Defense Capital Expenditure (US$ Million), 2012-2021 |
| Figure 7: Chilean Defense budget breakdown (%), 2012-2021 |
| Figure 8: Chilean Defense Expenditure budget for Army (CLP$ Billion), 2012-2021 |
| Figure 9: Chilean Defense Expenditure budget for Army (US$ Million), 2012-2021 |
| Figure 10: Chilean Naval Expenditure Allocation (CLP$ Billion), 2012-2021 |
| Figure 11: Chilean Naval Expenditure Allocation (US$ Million), 2012-2021 |
| Figure 12: Chilean Air Force Expenditure Allocation (CLP$ Billion), 2012-2021 |
| Figure 13: Chilean Air Force Expenditure Allocation (US$ Million), 2012-2021 |
| Figure 14: Chilean Per-Capita Defense Expenditure (US$), 2012-2021 |
| Figure 15: Chilean Homeland Security Budget (CLP$ Trillion), 2012-2021 |
| Figure 16: Chilean Homeland Security Budget (US$ Billion), 2012-2021 |
| Figure 17: SDI Terrorism Heat Map, 2016 |
| Figure 18: SDI Terrorism Index, 2016 |
| Figure 19: Benchmarking with Key Global Markets: 2011-2015 vs. 2016-2020 |
| Figure 20: Defense Expenditure of Countries with the Largest Global Military Expenditure (US$ billion), 2016 and 2021 |
| Figure 21: Defense Expenditure as percentage of GDP of Countries with the Largest Military Expenditure (%), 2016 |
| Figure 22: Multi-role Aircraft Market Size (US$ Million), 2016-2026 |
| Figure 23: Transport Aircraft Market Size (US$ Million), 2016-2026 |
| Figure 24: Air-Air Missiles Market Size (US$ Million), 2016-2026 |
| Figure 25: Chilean Military IT - Networking Market Size (US$ Million), 2016-2026 |
| Figure 26: Chilean Defense Imports (US$ Million), 2011-2015 |
| Figure 27: Chilean Defense Imports by Country (%), 2011-2015 |
| Figure 28: Chilean Defense Imports by Category (%), 2011-2015 |
| Figure 29: Industry Dynamics - Porter's Five Forces Analysis |
| Figure 30: Chilean GDP Per Capita, 2016-2025 |
| Figure 31: Chilean GDP, Current Prices (US$ Billion), 2016-2025 |
| Figure 32: Local Currency per US$, 2015-2024 |
| Figure 33: Chilean Market Capitalization of Listed Companies (US$ Billion), 2005-2012 |
| Figure 34: Chilean Market Capitalization of Listed Companies (% of GDP), 2005-2012 |
| Figure 35: Chilean Exports of Goods & Services (LCU), 2005-2014 |
| Figure 36: Chilean imports of goods & services (LCU), 2005-2014 |
| Figure 37: Chilean Goods Exports as % of GDP, 2005-2014 |
| Figure 38: Chilean Goods Imports as % of GDP, 2005-2014 |
| Figure 39: Chilean Gross national disposable income, 2005-2014 |
| Figure 40: Chilean Service Imports as % of GDP, 2005-2014 |
| Figure 41: Chilean Service Exports as % of GDP, 2005-2014 |
| Figure 42: Chilean Foreign Direct Investment (US$ Billion), 2005-2014 |
| Figure 43: Chilean Net foreign direct investment as % of GDP, 2005-2014 |
| Figure 44: Chilean Government cash surplus/deficit as % of GDP (LCU), 2005-2012 |
| Figure 45: Chilean Mining, Manufacturing, Utilities Output (US$ Billion), 2005-2014 |
