DUBLIN--(BUSINESS WIRE)--Jun 12, 2018--The "Future of the Peruvian Defense Industry - Market Attractiveness, Competitive Landscape, and Forecasts to 2022" report has been added to ResearchAndMarkets.com's offering.

Peru's defense budget values at around US$2.3 Billion in 2017 and registered a CAGR of -0.16% during the historic period. The persistent threat from insurgent guerrilla organization the Shining Path group, border conflicts with Chile, active participation in peacekeeping missions, narco-terrorism, defense sector reforms, and modernization initiatives drove defense expenditure over the historic period. With this trend expected to continue over the forecast period, the country's defense expenditure is anticipated to be valued at around US$2.7 Billion in 2022, registering a CAGR of over 2% over the forecast period.

Peruvian homeland security (HLS) expenditure stands at around US$3.4 Billion in 2018 and is expected to grow at a CAGR of over 7% over the forecast period to cross US$4.5 Billion in 2022. It will be driven by police reforms and modernization, as well as the need to curb cocaine trafficking and organized crime. With the aim of combating narco-terrorism, budgetary allocations are being made for the purchase of patrol vehicles, helicopters, anti-riot gear, anti-riot vehicles, and digital communication equipment.

Between 2012 and 2016, Russia emerged as the largest supplier of military hardware to Peru, with a share of over 27% of total defense imports, followed by South Korea and the Netherlands with shares of around 21% and 11% respectively. Aircraft accounted for the majority of defense imports with a share of over 50% during the historic period. As Peru plans to increase its defense budget and procure more weapons to increase its military base and counter the Shining Path group, imports are expected to increase during the forecast period.

Companies Mentioned

Los Servicios Industriales de la Marina (SIMA) The Army Ammunition Factory and Desarrollos Industriales Casanave

Key Topics Covered

1. 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

For more information about this report visit https://www.researchandmarkets.com/research/vgfgfs/2_7_billion?w=4

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Related Topics:Military Aerospace and Defense

KEYWORD: SOUTH AMERICA PERU

INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/12/2018 09:13 AM/DISC: 06/12/2018 09:12 AM

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