Sections
Title |
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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 to grow at a CAGR of 3.54% over the forecast period |
3.1.2. Threat of narco-terrorism, defense reforms & modernization, border disputes, and peacekeeping operations to drive defense expenditure |
3.1.3. Defense budget as a percentage of GDP is anticipated to average 1.1% during the forecast period |
3.2. Analysis of Defense Budget Allocation |
3.2.1. Revenue expenditure accounts for the majority of the Peruvian defense budget |
3.2.2. Peruvian defense capital expenditure is expected to grow at a CAGR of 3.93% during the forecast period |
3.2.3. Per capita defense expenditure expected to increase during the forecast period |
3.3. Homeland Security Market Size and Forecast |
3.3.1. Homeland security expenditure is expected to grow at a CAGR of 7.64% during the forecast period |
3.3.2. Measures to prevent cocaine trafficking and organized crime to drive HLS expenditure |
3.3.3. Peru considered at 'moderate risk' of terrorist attack |
3.3.4. Peru experiences moderate levels of terrorist activity |
3.3.5. Peru has a SDI terrorism index score of 3.3 |
3.4. Benchmarking with Key Global Markets |
3.4.1. Peruvian defense budget expected to register marginal growth in the forecast period |
3.4.2. Peru's military expenditure is limited compared to countries with the largest defense expenditure |
3.4.3. Peru allocates a low percentage of GDP to defense |
3.5. Market Opportunities: Key Trends and Growth Stimulators |
3.5.1. Transport Aircraft |
3.5.2. Frigates |
3.5.3. Multi-role Aircraft |
3.5.4. Training Aircraft |
3.5.5. Main Battle Tank |
4 Defense Procurement Market Dynamics |
4.1. Import Market Dynamics |
4.1.1. Defense imports expected to increase during the forecast period |
4.1.2. Russia to account for the majority of Peru's defense imports during the forecast period |
4.1.3. Aircraft and missiles are the most imported military hardware |
5 Industry Dynamics |
5.1. Five Forces Analysis |
5.1.1. Bargaining power of supplier: low to medium |
5.1.2. Bargaining power of buyer: medium to high |
5.1.3. Barriers to entry: medium |
5.1.4. Intensity of rivalry: medium to high |
5.1.5. Threat of substitution: medium to high |
6 Market Entry Strategy |
6.1. Market Regulation |
6.1.1. Offset policy aids development of domestic defense industry |
6.1.2. Peru allows 100% FDI in defense industry |
6.2. Market Entry Route |
6.2.1. The country's biennial defense exhibition provides an attractive entry route |
6.2.2. Direct selling is the preferred market entry route for foreign OEMs |
6.3. Key Challenges |
6.3.1. Small defense budget and limited technological capability limits the market entry of foreign companies |
6.3.2. Lack of transparency hampers the growth of the Peruvian defense industry |
7 Competitive Landscape and Strategic Insights |
7.1. Competitive Landscape Overview |
7.2. Key Domestic Companies |
7.2.1. Los Servicios Industriales de la Marina (SIMA): overview |
7.2.2. Los Servicios Industriales de la Marina (SIMA): products and services |
7.2.3. Los Servicios Industriales de la Marina (SIMA): recent announcements and strategic initiatives |
7.2.4. Los Servicios Industriales de la Marina (SIMA): alliances |
7.2.5. Los Servicios Industriales de la Marina (SIMA): recent contract wins |
7.2.6. The Army Ammunition Factory (FAME): overview |
7.2.7. The Army Ammunition Factory (FAME): products and services |
7.2.8. The Army Ammunition Factory (FAME): recent announcements and strategic initiatives |
7.2.9. Desarrollos Industriales Casanave: overview |
7.2.10. Desarrollos Industriales Casanave: products and services |
7.2.11. Desarrollos Industriales Casanave: recent announcements and strategic initiatives |
7.2.12. Desarrollos Industriales Casanave: alliances |
8 Business Environment and Country Risk |
8.1. Economic Performance |
8.1.1. GDP Per Capita |
8.1.2. GDP, Current Prices (US$ Billion) |
8.1.3. Exports of goods and services, current prices (LCU billion) |
8.1.4. Imports of goods and services, current prices (LCU billion) |
8.1.5. Gross National Disposable Income (US$ billion) |
8.1.6. Local Currency Unit per US$ (period average) |
8.1.7. Market Capitalization of Listed Companies (US$ Billion) |
8.1.8. Market Capitalization of Listed Companies (% of GDP) |
8.1.9. Government Cash Surplus/ Deficit as % of GDP (LCU) |
8.1.10. Goods Exports as % of GDP |
8.1.11. Goods Imports as % of GDP |
8.1.12. Services Imports as % of GDP |
8.1.13. Services Exports as % of GDP |
8.1.14. Foreign Direct Investment, net (BoP, current US$ Billion) |
8.1.15. Net Foreign Direct Investment, as % of GDP |
8.1.16. Mining, Manufacturing, Utilities Output |
9 Appendix |
9.1. About SDI |
9.2. Disclaimer |
List of Tables |
Table 1: Peruvian Defense Expenditure (S/. Billion & US$ billion), 2012-2021 |
Table 2: Peruvian GDP Growth vs. Defense Expenditure as Percentage of GDP, 2012-2021 |
Table 3: Peruvian Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2021 |
Table 4: Peruvian Defense Capital Expenditure (S/. Billion & US$ Million), 2012-2021 |
Table 5: Peruvian Per Capita Defense Expenditure (US$), 2012-2021 |
Table 6: Peruvian Homeland Security Expenditure (S/. Billion & US$ billion), 2012-2021 |
Table 7: SDI Terrorism Index, 2016 |
Table 8: Benchmarking with Key Markets - 2012-2016 vs. 2017-2021 |
Table 9: Defense Offset Regulations in Peru |
Table 10: Los Servicios Industriales de la Marina (SIMA)- Products and Services |
Table 11: Los Servicios Industriales de la Marina (SIMA): Alliances |
Table 12: Los Servicios Industriales de la Marina (SIMA) - Recent Contract Wins |
Table 13: The Army Ammunition Factory (FAME)- Product Focus |
Table 14: Desarrollos Industriales Casanave- Product Focus |
Table 15: Desarrollos Industriales Casanave: Alliances |
List of Figures |
Figure 1: Peruvian Defense Expenditure (S/. Billion), 2012-2021 |
Figure 2: Peruvian Defense Expenditure (US$ Billion), 2012-2021 |
Figure 3: Peruvian GDP Growth vs. Defense Expenditure as Percentage of GDP, 2012-2021 |
Figure 4: Peruvian Defense Budget Split Between Capital and Revenue Expenditure (%), 2012-2021 |
Figure 5: Peruvian Capital Budget Allocation (S/. Million), 2012-2021 |
Figure 6: Peruvian Capital Budget Allocation (US$ Million), 2012-2021 |
Figure 7: Peruvian Per Capita Defense Expenditure (US$), 2012-2021 |
Figure 8: Peruvian Homeland Security Budget (S/. billion), 2012-2021 |
Figure 9: Peruvian Homeland Security Budget (US$ billion), 2012-2021 |
Figure 10: SDI Terrorism Heat Map, 2016 |
Figure 11: SDI Terrorism Index, 2015 |
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: Transport Aircraft Market Size (US$ Million), 2016-2026 |
Figure 16: Frigates Market Size (US$ Million), 2016-2026 |
Figure 17: Multi-role Aircraft Market Size (US$ Million), 2016-2026 |
Figure 18: Training Aircraft Market Size (US$ Million), 2016-2026 |
Figure 19: Main Battle Tank Market Size (US$ Million), 2016-2026 |
Figure 20: Peruvian Defense Import Trend, 2011-2015 (TIV values) |
Figure 21: Peruvian Defense Imports by Country (%), 2011-2015 |
Figure 22: Peruvian Defense Imports by Category (%), 2011-2015 |
Figure 23: Industry Dynamics Porter's Five Forces Analysis |
Figure 24: Peruvian GDP Per Capita, 2015-2025 |
Figure 25: Peruvian GDP at Current Prices (US$ Billion), 2015-2025 |
Figure 26: Peruvian Exports of Goods and Services, Current Prices (LCU Billion), 2005-2014 |
Figure 27: Peruvian Imports of Goods and Services, Current Prices (LCU Billion), 2005-2014 |
Figure 28: Peruvian Gross National Disposable Income (US$ billion) 2007-2014 |
Figure 29: Local Currency Unit per US$, 2015-2024 |
Figure 30: Market Capitalization of Listed Companies in Peru (US$ Billion), 2005-2012 |
Figure 31: Market Capitalization of Listed Companies in Peru (% of GDP), 2005-2012 |
Figure 32: Peruvian Government Cash Surplus/ Deficit as % of GDP (LCU), 2005-2012 |
Figure 33: Peruvian Goods Exports as % of GDP, 2005-2013 |
Figure 34: Peruvian Goods Imports as % of GDP, 2005-2013 |
Figure 35: Peruvian Services Imports as % of GDP, 2005-2013 |
Figure 36: Peruvian Services Exports as % of GDP, 2005-2013 |
Figure 37: Peruvian Foreign Direct Investment, net (BoP, current US$ Billion), 2005-2013 |
Figure 38: Peruvian Net Foreign Direct Investment as % of GDP, 2005-2013 |
Figure 39: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014 |