Chilean Defense Market Forecast to 2022: CAGR to Grow at 5% - Trends, Drivers and Challenges - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jun 12, 2018--The “Future of the Chilean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022” report has been added to ResearchAndMarkets.com’s offering.
This report offers detailed analysis of the Chilean defense industry with market size forecasts covering the next five years. The report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
Chilean defense budget values at around US$2.6 billion in 2017 and registered a CAGR of over 0.2% during the historic period of 2013-2017. However, it is anticipated to increase at a CAGR of over 5% over the forecast period to a value of about US$3.4 billion by 2022. As a percentage of GDP, the country’s defense budget is expected to average 1% over the forecast period.
Chile’s homeland security (HLS) expenditure values US$5 billion in 2017 and registered a CAGR of 0.63% during the historic period. Moreover, it is anticipated to register a CAGR of over 7% over the forecast period, to value US$7.1 billion in 2022. The capital expenditure allocation is expected to remain constant, at an average of around 27% during the forecast period. This is primarily due to the country’s plans to procure multirole aircraft, transport aircraft, naval air defense systems, and military helicopters.
Missiles accounted for the majority of Chile’s imports during 2012-2016, with the US being the largest supplier. Sensors, aircraft and air defense systems were the other defense imports during 2012-2016, with France, Norway, Germany, and Israel being the other significant suppliers. During this period, the country acquired EMB-314 Super Tucano aircraft, Sirocco multirole ships (previously called the Foudre), and AAV7 armored amphibious vehicles.
Additionally, capital expenditure allocations during the forecast period are expected to increase, thereby encouraging defense imports.
Companies MentionedFAMAE Desarrollo de Tecnologias y Sistemas Linktronic Radar Systems SISDEF Ltda
Key Topics Covered
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Business Environment and Country Risk
For more information about this report visit https://www.researchandmarkets.com/research/p627vf/chilean_defense?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180612005863/en/
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Related Topics:Military Aerospace and Defense
KEYWORD: SOUTH AMERICA CHILE
INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
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PUB: 06/12/2018 08:57 AM/DISC: 06/12/2018 08:57 AM