Dublin, April 25, 2025 (GLOBE NEWSWIRE) -- The "Singapore Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2025-2030" has been added to ResearchAndMarkets.com's offering.
The report on Singapore Defense Market, spanning 2025 to 2030, anticipates a significant transformation in the strategic outlook of Singapore's defense landscape. Highlighting industry specifics, the report provides comprehensive insights into the market size, trends, budget allocation, regulatory environment, crucial acquisitions, and key players.
Singapore's defense budget stands at an impressive $17.7 billion in 2025, showcasing a CAGR of 11.7% from 2021 to 2025. This upward trend underscores Singapore's dedication to fortifying its defense capabilities amidst evolving regional security challenges. Projections suggest the defense budget will grow to $21.6 billion by 2030, reflecting a CAGR of 4%, aligning with broader economic trends and the maturation of existing defense programs.
A substantial focus has been placed on capital expenditure, with an average of 18.7% of the defense budget allocated for long-term assets. This strategic allocation highlights the country's commitment to modernizing its military arsenal and infrastructure. By 2025, capital expenditure reached $3.3 billion, with future estimates forecasting $4.1 billion by 2030.
Key Highlights
- Singapore's strategic response to threats includes confronting terrorism from groups like Jemaah Islamiyah and engaging in international peace-building missions.
- Ongoing procurement programs include F-35B Lightning II, Multi-Role Combat Vessels (MRCVs), and Hunter AFV acquisitions.
Scope
This extensive analysis provides a nuanced view of Singapore's defense market over the next five years. Insights include:
- Defense Budget Assessment: Comprehensive analysis of budgetary allocations, key market drivers, and expenditure trends.
- Military Doctrine and Security Environment: Exploration of strategic alliances, geopolitical dynamics, and influencing factors on the security environment.
- Market Entry Strategy and Regulations: Insight into procurement policy, market regulations, and key defense procurement routes.
- Market Attractiveness and Emerging Opportunities: Evaluation of cumulative market values and high-value defense segments.
- Defense Platforms Import and Export Dynamics: Understanding of the value and volume contributions to imports and exports.
- Defense Platform Acquisitions: Current procurement schedules and rationales for major military platform acquisitions.
- Fleet Size: Detailed overview of current fleet sizes across military branches.
- Competitive Landscape: Profiles of leading defense companies, including detailed business overviews and financial outcomes.
Reasons to Buy
- Identify promising investment avenues with trend analysis of the defense market.
- Understand underlying forces driving demand for defense and internal security sectors, identifying new opportunities.
- Enhance market comprehension through assessment of demand drivers, market trends, and technological advancements.
- Address major threats shaping the defense market, providing clarity on potential revenue expansions.
- Focus resources on ongoing governmental defense programs.
- Make informed business decisions with competitive insights into major defense equipment providers.
Key Topics Covered:
- Executive Summary
- Defense Budget Assessment
- Defense Market Size Historic And Forecast
- Drivers Of Defense Expenditure
- Analysis Of Defense Budget Allocation
- Key Market Trends and Insights
- Military Doctrine and Security Environment
- Military Doctrine And Strategy
- Strategic Alliances and Geopolitics
- Political, Social and Economic Scenario
- Market Entry Strategy and Regulations
- Procurement Policy and Market Regulations
- Market Entry Routes
- Key Challenges
- Market Attractiveness and Emerging Opportunities
- Market Attractiveness By Defense Sector
- Top Defense Segments By Value
- Defense Platforms Import and Export Dynamics
- Defense Platforms Import Dynamics
- Defense Platforms Export Dynamics
- Defense Platform Acquisitions
- F-35B
- Next-Generation Armoured Fighting Vehicle (AFV) - Hunter AFV
- Multi-Role Combat Vessels (MRCVs)
- Invincible-class (Type 218SG) submarine
- Fleet Size
- Army
- Air Force
- Navy
- Competitive Landscape
- Defense Companies Operating In Singapore
For more information about this report visit https://www.researchandmarkets.com/r/ekvrn1
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