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. Defense expenditure is projected to grow at a CAGR of 1.87% during 2017-2021 |
| 3.1.2. The government's fight against drug trafficking to drive defense expenditure in the forecast period |
| 3.1.3. Defense expenditure as a percentage of GDP estimated to increase over the forecast period |
| 3.2. Analysis of Defense Budget Allocation |
| 3.2.1. Share of capital expenditure to average 13.7% during the forecast period |
| 3.2.2. Mexican defense capital expenditure is expected to grow at a CAGR of 1.95% during the forecast period |
| 3.2.3. Per capita defense expenditure forecast to increase over the forecast period |
| 3.3. Homeland Security Market Size and Forecast |
| 3.3.1. Homeland security expenditure is anticipated to increase at a CAGR of 3.87% during the forecast period |
| 3.3.2. Organized crime and money laundering to drive the HLS market |
| 3.3.3. Mexico considered at 'high risk' of terrorist attack |
| 3.3.4. Mexico faces high level of threat from foreign terrorist organizations |
| 3.3.5. Mexico considered at 'High Risk' of terrorist attack |
| 3.4. Benchmarking with Key Global Markets |
| 3.4.1. Mexico's defense budget expected to increase over the forecast period |
| 3.4.2. Mexico's military expenditure is limited compared to countries with the largest defense expenditures |
| 3.4.3. Mexico allocates a low percentage of GDP to defense |
| 3.5. Market Opportunities: Key Trends and Growth Stimulators |
| 3.5.1. Multi-mission Helicopters |
| 3.5.2. Military - IT Networking |
| 3.5.3. Corvettes |
| 3.5.4. Corvettes MRO |
| 3.5.5. Transport Aircraft |
| 4 Defense Procurement Market Dynamics |
| 4.1. Import Market Dynamics |
| 4.1.1. Limited domestic defense capabilities drives the country's defense imports |
| 4.1.2. Defense imports are expected to increase over the forecast period |
| 4.1.3. The US was a major arms supplier to Mexico during 2011-2015 |
| 4.1.4. Aircraft to dominate Mexican defense imports |
| 4.2. Export Market Dynamics |
| 4.2.1. Mexico does not export arms due to an underdeveloped domestic arms industry |
| 5 Industry Dynamics |
| 5.1. Five Forces Analysis |
| 5.1.1. Bargaining power of the supplier: low |
| 5.1.2. Bargaining power of the buyer: medium |
| 5.1.3. Barriers to entry: low |
| 5.1.4. Intensity of rivalry: low |
| 5.1.5. Threat of substitution: medium to high |
| 6 Market Entry Strategy |
| 6.1. Market Regulation |
| 6.1.1. Mexico has not disclosed any offset obligations |
| 6.1.2. Mexico allows 100% FDI in defense industry |
| 6.2. Market Entry Route |
| 6.2.1. Foreign OEMs prefer direct selling to enter the market |
| 6.2.2. Military collaborations provide good market entry opportunities |
| 6.3. Key Challenges |
| 6.3.1. Corruption and lack of transparency impedes the growth of Mexico's defense industry |
| 6.3.2. Lack of domestic defense technological know-how acts as a deterrent to market entry |
| 7 Competitive Landscape and Strategic Insights |
| 7.1. Competitive Landscape Overview |
| 7.2. Key Domestic Companies |
| 7.2.1. Productos Mendoza: overview |
| 7.2.2. Productos Mendoza: products |
| 7.2.3. Aviabaltika de Mexico Company: overview |
| 7.2.4. Aviabaltika de Mexico Company: products and services |
| 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. Exports of Goods and Services (LCU) |
| 8.1.4. Imports of Goods and Services (LCU) |
| 8.1.5. Gross National Disposable Income (US$ Billion) |
| 8.1.6. Local Currency Unit per US$ |
| 8.1.7. Market Capitalization of Listed Companies |
| 8.1.8. Market Capitalization of Listed Companies (% of GDP) |
| 8.1.9. Goods exports as % of GDP |
| 8.1.10. Goods imports as % of GDP |
| 8.1.11. Service Imports as % of GDP |
| 8.1.12. Service Exports as % of GDP |
| 8.1.13. Foreign Direct Investment |
| 8.1.14. Net foreign direct investment as % of GDP |
| 8.1.15. Mining, Manufacturing, Utilities Output |
| 9 Appendix |
| 9.1. About SDI |
| 9.2. Disclaimer |
| List of Tables |
| Table 1: Mexican Defense Expenditure (MXN billion& US$ billion), 2012-2021 |
| Table 2: Mexican GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2012-2021 |
| Table 3: Mexican Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2021 |
| Table 4: Mexican Defense Capital Expenditure (MXN Billion & US$ Million), 2012-2021 |
| Table 5: Mexican Per Capita Defense Expenditure (US$), 2012-2021 |
| Table 6: Mexican Homeland Security Expenditure (MXN Billion & US$ billion), 2012-2021 |
| Table 7: SDI Terrorism Index, 2016 |
| Table 8:Benchmarking with Key Markets - 2012-2016 vs. 2017-2021 |
| Table 9: Productos Mendoza - Product Focus |
| Table 10: Aviabaltika de Mexico Company - Products and Services |
| List of Figures |
| Figure 1: Mexican Defense Expenditure (MXN Billion), 2012-2021 |
| Figure 2: Mexican Defense Expenditure (US$ Billion), 2012-2021 |
| Figure 3: Mexican GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2012-2021 |
| Figure 4: Mexican Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2021 |
| Figure 5: Mexican Capital Budget Allocation (MXN Billion), 2012-2021 |
| Figure 6: Mexican Capital Budget Allocation (US$ Million), 2012-2021 |
| Figure 7: Mexican Per Capita Defense Expenditure (US$), 2012-2021 |
| Figure 8: Mexican Homeland Security Budget (MXN billion), 2012-2021 |
| Figure 9: Mexican Homeland Security Budget (US$ billion), 2012-2021 |
| Figure 10: SDI Terrorism Heat Map, 2016 |
| Figure 11: SDI Terrorism Index, 2016 |
| Figure 12: Benchmarking with Key Markets - 2012-2016 vs. 2017-2021 |
| Figure 13: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2016 and 2021 |
| Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2016 |
| Figure 15: Multi Mission Helicopter Market Size (US$ Million), 2016-2026 |
| Figure 16: Military IT - Networking Market Size (US$ Million), 2016-2026 |
| Figure 17: Corvettes Market Size (US$ Million), 2016-2026 |
| Figure 18: Corvettes MRO Market Size (US$ Million), 2016-2026 |
| Figure 19: Transport Aircraft Market Size (US$ Million), 2016-2019 |
| Figure 20: Mexican Defense Imports (TIV values) 2011-2015 |
| Figure 21: Mexican Defense Imports by Country (%), 2011-2015 |
| Figure 22: Mexican Defense Imports by Category (%), 2011-2015 |
| Figure 23: Industry Dynamics Porter's Five Forces Analysis |
| Figure 24: Mexican GDP Per Capita, 2016-2025 |
| Figure 25: Mexican GDP, Current Prices (US$ Billion), 2016-2025 |
| Figure 26: Mexican Exports of Goods and Services (MXN Billion), 2005-2014 |
| Figure 27: Mexican Imports of Goods and Services (MXN Billion), 2005-2014 |
| Figure 28: Mexican Gross National Disposable Income (US$ Billion), 2005-2012 |
| Figure 29: Local Currency per US$, 2016-2025 |
| Figure 30: Mexican Market Capitalization of Listed Companies (US$ Billion), 2005-2012 |
| Figure 31: Mexican Market Capitalization of Listed Companies (% of GDP), 2005-2012 |
| Figure 32: Mexican Goods Exports as % of GDP, 2005-2014 |
| Figure 33: Mexican Goods Imports as % of GDP, 2005-2014 |
| Figure 34: Mexican Service Imports as % of GDP, 2005-2014 |
| Figure 35: Mexican Service Exports as % of GDP, 2005-2014 |
| Figure 36: Mexican Foreign Direct Investment (US$ Billion), 2005-2014 |
| Figure 37: Mexican Net foreign direct investment as % of GDP, 2005-2014 |
| Figure 38: Mexican Mining, Manufacturing, Utilities Output (US$ Billion), 2005-2014 |
