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Singapore Defence and Security Report 2015

Singapore Defence and Security Report 2015

BMI View: We expect Singapore's defence budget to continue increase in absolute terms over the next fiveyears. This will be driven by regional threats faced by Singapore, in particular maritime piracy and thethreat posed by radicalised Muslims in Indonesia. As Singapore's armed forces remain limited in number ofpersonnel, due to the country's demographics, the SAF will continue to develop its third generation SAFfocus on well-trained and well-equipped personnel. This will open up development opportunities forinternational companies seeking to enter Singapore's procurement process and take advantage of its verygood business environment. Opportunities for local companies might still continue to face seriouscompetition from STE for yet another few years.

Singapore has not updated its Defence White Paper since 2004, however the regional threats it is currentlyfacing are a good indicator of the factors that will be contributing to driving up the country's defencespending in the next five years. Indeed, while its relations with Malaysia and Indonesia have significantlyimproved in the past few years, the number of radicalised Muslims from these countries, especiallyIndonesia, that are joining Islamic State in its fight is an increasing concern for Singapore's security. Thecountry itself has been developing a number of policies aimed at maintaining economic, social, civil andpolitical stability, but the proximity of these fighters can potentially threaten such stability.


BMI Industry View
SWOT
Singapore Defence & Security SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (Singapore 2012-2019)
Armed Forces
Table: Armed Forces Personnel (Singapore 2005-2012)
Table: Manpower Available For Military Service (Singapore 2012-2019)
Defence Trade
Table: Defence Trade Balance (Singapore 2012-2019)
Table: Defence Exports (Singapore 2012-2019)
Macroeconomic Forecasts
Economic Analysis
Industry Risk Reward Ratings
Singapore Defence Risk Ratings
Table: Asia Pacific Defence Risk Index
Rewards
Risks
Market Overview
Singapore Defence Market Overview
Domestic Defence Sector
Domestic Market
Table: Singapore Defence Agreements
Singapore Security Overview
Domestic Threats
Regional Threats
International Security
Weapons of Mass Destruction
Company Profile
Singapore Technologies Aero
Singapore Technologies Electronics
Singapore Technologies Kinetics
Singapore Technologies Marine
Regional Overview
South East Asia Security Overview
Challenges And Threats To Stability And Security
Global Industry Overview
Political Risk Analysis
Methodology
Risk/Reward Index Methodology
Sector-Specific Methodology
Table: Defence Risk/Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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