Philippines Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

Pages: 66 Published: December 21, 2022 Report Code: GDDF0811MR

Philippines Defense Market Report Overview

The Philippines defense budget was worth $4.5 billion in 2022 and is expected to achieve a CAGR of more than 5% during 2023-2027. The Philippines defense market research 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.

Philippines Defense Market Outlook

Philippines Defense Market Outlook

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Philippines Defense Market Drivers

The Philippines is involved in a conflict over the Spratly Islands with Brunei, China, Malaysia, Vietnam, and Taiwan. Furthermore, Chinese intrusions into the Philippines’ waters is also driving naval modernization initiatives. Additionally, several terrorist groups, such as the Abu Sayyaf Group (ASG), Jemaah Islamiyah (JI), and other associated groups, are active in the Philippines, which pose a serious threat to national security.

Philippines Military Doctrines and Defense Strategies

The Philippines’ comprehensive security doctrine is focused on the acquisition of a wide range of security assets to establish diplomatic and geographic advantages. The Philippines is also aiming to develop robust military capabilities through its ambitious Horizon I, II, and III programs to ensure tranquility, peace, and stability. The Philippines’ defense policy is a demonstration of its commitment to securing its national interests and defending itself against external aggression.

Furthermore, the Philippines is now stringently following a three-phased 15-year modernization plan which will end in 2028. It has acquired equipment under the Armed Forces of the Philippines (AFP) modernization program.

Philippines Defense Market Segmentation by Sectors

The key sectors in the Philippines defense market are naval vessels and surface combatants, military fixed-wing, military rotorcraft, submarines, electronic warfare systems, missiles and missile defense systems, artillery, military radar, underwater warfare systems, and military land vehicles. Between 2022 and 2027, naval vessels and surface combatants is expected to rank as the leading sector in the Philippine defense market. Submarines is anticipated to rank as the fastest-growing sector within the industry.

Philippines Defense Market Analysis by Sectors

Philippines Defense Market Analysis by Sectors

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Philippines Defense Market - Competitive Landscape

Some of the leading defense companies in the Philippines are Philippine Aerospace Development Corporation, Elbit Systems, General Atomics Aeronautical Systems, Mil Moscow Helicopters Plant JSC, PZL Mielec, Bell Helicopter Textron, Boeing, Korea Shipbuilding Corporation, Israel Shipyards, and Hyundai Heavy Industries.

Philippines Defense Market Report Overview

Market Size (2022) $4.5 billion
CAGR (2023-2027) >5%
Key Sectors Naval Vessels and Surface Combatants, Military Fixed-Wing, Military Rotorcraft, Submarines, Electronic Warfare Systems, Missiles and Missile Defense Systems, Artillery, Military Radar, Underwater Warfare Systems, and Military Land Vehicles
Leading Companies Philippine Aerospace Development Corporation, Elbit Systems, General Atomics Aeronautical Systems, Mil Moscow Helicopters Plant JSC, PZL Mielec, Bell Helicopter Textron, Boeing, Korea Shipbuilding Corporation, Israel Shipyards, and Hyundai Heavy Industries

Scope

The report provides an in-depth analysis of the following –

  • Philippines defense budget: detailed analysis of the Philippines 2022 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 the Philippines military doctrine and strategy to provide a comprehensive overview of Philippines military regulation.
  • Security Environment: political alliances and perceived security threats to the Philippines are examined; there help to explain trends in spending and modernization.
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the Philippines’s defense industry.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Philippines defense market over the next five years.
  • Gain in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Philippines 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 others.
  • Identify the major threats that are driving the Philippines defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Philippines government.
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contract awarded, and financial analysis, wherever available.

Key Players

Hyundai Heavy Industries
FNSS Savunma Sistemleri
Turkish Aerospace Industries

Table of Contents

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historic And Forecast

Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

Key Market Slide Trends and Insights

Military Doctrine And Security Environment

Military Doctrine And Strategy

Primary Threat Perception

Political And Strategic Alliances

Geopolitical Social And Economic Scenario

Market Entry Strategy And Regulations

Procurement Policy And Process

Market Regulations

Key Challenges

Major M&A, Financing, and Partnerships

Market Attractiveness And Emerging Opportunities

Market Attractiveness, 2022–267

Top Defense Segments By Value

Import And Export Market Dynamics

Import Market Dynamics

Export Market Dynamics

Defense Platform Acquisitions

Defense Platform Acquisitions By Value

S-70

New Corvettes

Kaplan/Harimau MT Modern Medium Weight Tank (MMWT)

Fast Attack Interdiction Boats

T129 ATAK

Fleet Size

Competitive Landscape

Defense Companies Operating In The Philippines

Main Defense Companies

Appendix

About This Report

About Us

Contact Us

Frequently Asked Questions

The defense market size in Philippines was valued at $4.5 billion in 2022.

The defense market in the Philippines is expected to achieve a CAGR of more than 5% during 2023-2027.

The key sectors in the Philippines defense market are naval vessels and surface combatants, military fixed-wing, military rotorcraft, submarines, electronic warfare systems, missiles and missile defense systems, artillery, military radar, underwater warfare systems, and military land vehicles.

Some of the leading companies in the Philippines defense market are Philippine Aerospace Development Corporation, Elbit Systems, General Atomics Aeronautical Systems, Mil Moscow Helicopters Plant JSC, PZL Mielec, Bell Helicopter Textron, Boeing, Korea Shipbuilding Corporation, Israel Shipyards, and Hyundai Heavy Industries.

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