The Future of the $3.8bn Chilean Defense Industry to 2023 - Featuring FAMAE, Desarrollo de Tecnologias y Sistemas (DTS), Linktronic Radar Systems, and SISDEF - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 17, 2018--The “Future of the Chilean Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023” report has been added to ResearchAndMarkets.com’s offering.
The Chilean defense budget values US$2.9 billion in 2018 and registered a CAGR of 4.2% during the historic period 2014-2018. However, it is anticipated to increase at a CAGR of 5.8% over the forecast period to value US$3.8 billion in 2023. As a percentage of GDP, the country’s defense budget is expected to average 1% over the forecast period.
This is primarily due to the country’s plans to procure multi-role aircraft, transport aircraft, naval air defense systems, and military helicopters. The country’s capital expenditure allocation averaged 27.3% during 2014-2018 and is expected to average of 25.6% over the forecast period. Chile’s homeland security (HLS) expenditure values US$5.3 billion in 2018 and registered a CAGR of 4.66% during the historic period.
Moreover, it is anticipated to register a CAGR of 2.30% over the forecast period to value US$5.9 billion in 2023. The expenditure is primarily driven by the country’s efforts to strengthen its internal security system to combat the rise in organized crime such as drug trafficking, natural calamities, and a threat from the Mapuche community, which is Chile’s largest indigenous ethnic group.
On a cumulative basis, the country is expected to spend US$4.4 billion over the forecast period on the procurement of transport aircraft, patrol vessels, and military helicopters. The majority of the defense budget will go towards revenue expenditure, which includes personnel salaries, operational expenses, training, and development. Capital Expenditure allocations during the forecast period are also expected to increase, encouraging defense imports.
Key Topics Covered1. Introduction
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
Companies FeaturedFAMAEDesarrollo de Tecnologias y Sistemas (DTS)Linktronic Radar SystemsSISDEF Ltda.
For more information about this report visit https://www.researchandmarkets.com/research/4l53j7/the_future_of_the?w=4
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Related Topics:Military Aerospace and Defense
KEYWORD: SOUTH AMERICA CHILE
INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/17/2018 02:13 PM/DISC: 09/17/2018 02:13 PM