Philippines Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026

Philippines Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026


Philippines Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 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.

The Philippines’ defense expenditure recorded a CAGR of 11.5% over the historic period and stood at $4.1 billion in 2021. Over the forecast period, it is forecast to register a CAGR of 7.7% to value $5.8 billion in 2026. Territorial claims in the South China Sea and the increasing strength and assertiveness of the Chinese 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 billion over 2022-26 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.

This 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.

Drivers of Defense expenditure include Tension in the South China Sea is expected to augment naval procurement by the Philippines, Rise of terrorism. Major ongoing procurement programs include procurement of New corvettes, Offshore patrol vessel, Kaplan/Harimau MT Modern Medium Weight Tank (MMWT),Fast Attack Interdiction Boats, S-70.

Who Should Buy

  • Defence 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.

In particular, it provides an in-depth analysis of the following -
  • Philippines defense budget: detailed analysis of Philippines FY2021 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 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 years
  • Competitive landscape and strategic insights: analysis of the competitive landscape of the Philippines 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 about 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 about 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 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

Executive Summary
Defense Budget Assessment
Budgeting Process
Defense Market Size Historical 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, 2021-2026
Top Defense Segments By Value
Import And Export Market Dynamics
Import Market Dynamics
Export Market Dynamics
Defense Platform Acquisitions
Defense Platform Acquisitions By Value
New Corvettes
Offshore Patrol Vessel (OPV)
Fast Attack Interdiction Boats
Kaplan/Harimau MT Modern Medium Weight Tank (MMWT)
Fleet Size
Competitive Landscape
Defense Companies Operating In Philippines
Main Defense Companies
About This Report
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