{"product_id":"philippines-defense-market-size-and-trends-budget-allocation-regulations-key-acquisitions-competitive-landscape-and-forecast-2023-2028","title":"Philippines Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028","description":"\u003cp\u003ePhilippines Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028\u003c\/p\u003e\n\n\u003cp\u003eSummary\u003c\/p\u003e\n\n\u003cp\u003ePhilippines Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.\u003c\/p\u003e\n\n\u003cp\u003eThe Philippines' defense expenditure recorded a CAGR of 5% during the historic period to stand at $4.3 billion in 2023. Over the forecast period, it is forecast to register a CAGR of 6.5% to value $5.9 billion in 2028. Territorial claims in the South China Sea and the increasing strength and assertiveness of China’s armed forces have spurred the Philippine government to enhance its military capabilities. In order to achieve this, the Philippine government has approved the Horizon II program, under which the Philippines Department of National Defense is expected to spend $5.2 billion over 2024-28 on the procurement of military hardware and the modernization of its armed forces. The consequent demand for defense equipment will revolve around fighter and multirole aircraft, corvettes, infrastructure construction, submarines, naval vessels, and surveillance equipment.\u003c\/p\u003e\n\n\u003cp\u003eKey HighlightsDrivers of Defense expenditure include Tension in the South China Sea is expected to augment naval procurement by the Philippines, Rise of terrorismMajor ongoing procurement programs include procurement of S-70, New corvettes, Kaplan\/Harimau MT Modern Medium Weight Tank (MMWT)Who Should BuyDefence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.ScopeThis report offers detailed analysis of Philippines defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.In particular, it provides an in-depth analysis of the following -Philippines defense budget: detailed analysis of Philippines 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.Regulation: the procurement policy and process is explained. This is coupled with an analysis of Philippines military doctrine and strategy to provide a comprehensive overview of Philippines military procurement regulation.Security Environment: political alliances and perceived security threats to Philippines are examined; there help to explain trends in spending and modernisation.Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five yearsCompetitive landscape and strategic insights: analysis of the competitive landscape of Philippines's defense industry.Reasons to BuyDetermine prospective investment areas based on a detailed trend analysis of the French defense market over the next five yearsGain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the French market and identify the opportunities offered.Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among othersIdentify the major threats that are driving the Philippines defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansionChannel resources by focusing on the ongoing programs that are being undertaken by the Philippines governmentMake correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"February, 2023 \/ 71 Pages \/ MCW16266103","offer_id":47699284197682,"sku":null,"price":1500.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/philippines-defense-market-size-and-trends-budget-allocation-regulations-key-acquisitions-competitive-landscape-and-forecast-2023-2028","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}