Future Of The Mexican Defense Industry - Market Attractiveness, Competitive Landscape And Forecasts To 2018
This report is the result of SDI's extensive market and company research covering the Mexican defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
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Introduction and Landscape
Why was the report written?
The Future of the Mexican Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the Mexican defense industry.
What is the current market landscape and what is changing?
Mexican defense expenditure, which stands at US$6.5 billion in 2013, increased at a CAGR of 10.1% during the review period. On a cumulative basis, the country is expected to spend an estimated US$42 billion on its armed forces during the forecast period. However, the country's overall defense spending is anticipated to register a CAGR of 11.2% during the forecast period and value US$10.28 billion in 2018. Military spending is expected to be driven by factors such as efforts in combating drug trafficking and the acquisition of advanced defense systems.
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What are the key drivers behind recent market changes?
Military modernization to drive defense expenditure and active participation in peacekeeping missions
The Future of the Mexican Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
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