The City-state of Singapore is Gaining a Strong Foothold in the Asian Defense Market

The City-state of Singapore, one of the world's Biggest Commercial Hubs is Gaining a Strong Foothold in the Asian Defense Market, Owing to its Immense Emphasis on Strengthening the Armed Forces, According to the New Study on ASDReports

The new report now available on ASDReports, provides readers with a detailed analysis of both historic and forecast Singaporean defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news. Gain information about the various military requirements that are expected to generate revenues during the forecast period. With access to both recent orders, and the expected investment pattern by Singapore during the forecast period  you're set for a sure-footing in the market!

  • Gain detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins and financial analysis wherever available. This will provide you with a total competitive landscape of the sector.
  • Provides user confidence to make the correct business decisions based on a detailed analysis of the Israeli defense industry market trends for the coming five years.
  • Understand the various military requirements which are expected to generate revenues during the forecast period.

Singapore procures the majority of its advanced and high-end defense equipment from foreign companies; significant imports include aircraft, ships, armored vehicles, and missiles. Historically, the largest supplier of weaponry to Singapore has been the US; however, between 2009 and 2013, countries such as France and Germany have made significant inroads into the country's defense industry.

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Future of the Singaporean Defense Industry

Singapore also finds a place in the world's top 30 defense exporters, owing to strong government support and successful attempts at product diversification by domestic companies. Singapore primarily exports defense equipment to Thailand, the UK, Nigeria, Chad, and the UAE. The country has also initiated the production of its own military equipment, including SAR-21 Bullpup Assault Rifle and the Ultimax 100 Lightweight Light Machine Gun.

Read more on ASDReports

Source: ASDReports - Market Research
Date: Oct 17, 2014