The report is the extensive
market and company research covering the defense industry in the MINT (Mexico,Indonesia,Nigeria,Turkey)
region, and provides detailed analysis of both historic and forecasted defense
industry values including key growth stimulators, analysis of the leading
companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
Future of the Defense
Industry in MINT - Market Attractiveness, Competitive Landscape and Forecasts
to 2019 offers the reader an insight into the market opportunities and entry
strategies adopted by foreign original equipment manufacturers (OEMs) to gain
market share in the MINT defense industry.
What is the current market landscape and what is
changing?
The economies of Mexico,
Indonesia, Nigeria and Turkey (MINT) are now all set to take up the mantle as
the next focal points of attention with respect to international trade and
commerce. One of the major factors driving growth in these countries is simply
the unsaturation of the market, which was (and still is, albeit less than
before) experienced by the BRIC nations for the last 12 years.For the most part
defense industries of the MINT countries, having exhibited double digit growth
rates during the review period, are expected to do so over the next five years
as well, with the exception of Turkey, which is poised to grow at a CAGR of
6.48%. Indonesia with an estimated cumulative spend of US$98.5 billion is
expected to witness the highest growth rate of 17.49% with Nigeria
consolidating its position as one of the most potentially attractive markets in
Africa with a growth rate of 12.61%; the Mexican defense market is expected to
register a growth rate of 10.53%.
What are the key drivers behind recent market changes?
With various threats such as
drug and human trafficking, money laundering, cyber-crime and arms trafficking
becoming commonplace in the region, the governments of the various countries
are expected to invest significantly in acquiring all types of military
equipment such as UAVs, helicopters, aircraft, biometric systems and radars.
Turkey, with a total spending of US$69.4 billion, is expected to dominate the
homeland security market in the region, with Indonesia, Mexico and Nigeria
completing the list in that order.
What makes this report unique and essential to read?
The Future of the MINT
Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts
to 2019 provides detailed analysis of the current industry size and growth
expectations from 2015 to 2019, including highlights of key growth stimulators.
It also benchmarks the industry against key global markets and provides a
detailed understanding of emerging opportunities in specific areas.
Key Features and Benefits
- The report provides detailed analysis of the current industry size and growth expectations from 2015 to 2019, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
- The report includes trend analysis of imports and exports, together with their implications and impact on the MINT defense industry.
- The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
- The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
- The report helps the reader to understand the competitive landscape of the defense industry in the MINT region. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Key Market Issues
Mexico has not disclosed any
offset obligations imposed for its arms procurement, which is partially
responsible for the lack of development in the domestic defense industry. The
Indonesian government is currently in the process of working out a formal
offset guideline to replace long-standing ad-hoc practices, which are
apparently ineffective for technological transfers. Nigeria has not disclosed
any offset obligations imposed by the country for its arms procurement. Turkey
is the only country with proper offset arrangements in place since 1991 which
aims to aims to encourage exports, create a self-sufficient defense industry,
and encourage foreign investment.
Key Highlights
The countries of the MINT
region are set to experience strong economic growth over the forecast period.
Mexico, with a GDP of US$1.4 trillion and per-capita of US$11,224, is a major
oil exporter and a member of the North American Free Trade Area (NAFTA). Turkey
has a GDP of US$790 billion and a per capita income of US$10,666 along with a
serious candidature for the membership of the European Union. Nigeria and
Indonesia with GDPs of US$318.5 billion and US$867.4 billion are too
experiencing a wave of robust economic growth. Modernization cycles are the
most common drivers of defense spending globally, this isno different in the
MINT region with the various countries spending heavily to keep their weapons
arsenal up to sync. Territorial disputes are another major factor driving the
region's defense expenditure. Examples include Turkey and Greece's dispute over
territorial rights in the Aegean Sea, with both countries laying claim to the
Aegean continental shelf and exploration rights to minerals and oil under the
seabed. Furthermore, the two nations are also involved in a conflict over the
control of Cyprus. Indonesia currently faces an uneasy relationship with its
neighbor, Malaysia, over the Ambalat sea block. Both countries claim ownership
of the oil-rich sea block situated in the Celebes Sea which borders the
Malaysian state Sabah.
Drug trafficking is now
rampant all over the world, more so in a few countries of the MINT region.
Mexico is probably the most adversely affected by this than any other country
globally. The nation has also had to grapple with crimes related to drug
trafficking which include weapons and human trafficking, money laundering,
vehicle theft, kidnappings, and extortion. Nigeria has been a center for drug
trafficking in Africa; the National Drug Law Enforcement Agency (NDLEA) was
formed in 2004 in an attempt to control this threat. In April 2011 the agency
destroyed over 46,740.5 kg of illicit drugs, mainly cannabis, in the states of
Kogi and Ondo. Other than drug trafficking internal conflicts have been another
major concern in countries like Indonesia, Turkey and Nigeria. Indonesia still
faces threats from insurgent groups such as the Free Papua Organisation
(Organisasi Papua Merdeka, OPM) and the Free Aceh Movement (Gerakan Aceh
Merdeka, GAM). In Turkey, a major challenge to the country's HLS is posed by
the Kurdistan Workers Party (PKK), an organization which resorts to violent
methods in an attempt to establish an independent Kurdish state. In addition,
the nation is also prone to terror attacks from global terrorist organizations
such as Al-Qaeda and the Revolutionary People's Liberation Party. In order to
prevent such attacks, the nation plans to invest in unmanned aerial vehicles
(UAV), improvised explosive device (IED) jammers, intelligence and
communication systems, and reconnaissance and surveillance satellites. In
Nigeria, radical Islamic group, Boko Haram flared up the rebellion in northeast
Nigeria leading to the announcement of emergency in these states by the
President in May. Boko Haram is believed to be behind the kidnappings of
foreign nationals for ransom and subsequent killings in the past two years.
The MINT region as a whole
is characterized by robust imports of arms and ammunition. This is primarily
due to under developed domestic defense industries,Turkey being the sole
exception. Mexico's domestic arms manufacturing capabilities are limited to the
production of small arms, machine guns, and helicopter maintenance services,
which has resulted in the country importing defense equipment in which domestic
suppliers are not specialized, such as aircraft, aircraft engines, sensors,
artillery, and missiles. Indonesia's imports have been steadily increasing with
ships, aircraft and missiles constituting the major categories while China and
Italy have been the main suppliers of arms to Nigeria. Even though Turkey's
defense industry is comparatively more developed than the other countries in
the region, it still currently meets the majority of its defense requirements
through imports, with foreign companies supplying 55% of the country's defense
requirements in 2011.
Spanning over 123 pages, 78 tables and 40
Figures, “Future of the MINT Defense
Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019”
report covering the Market Attractiveness and Emerging Opportunities, Defense
Procurement Market Dynamics, Market Entry Strategy, Competitive Landscape and
Strategic Insights, Appendix. The report covered 9 companies - Productos
Mendoza, PT Dirgantara, PAL Indonesia, PT Pindad, Dok and Perkapalan (DKS), PT
Dahana, PT Multiintegra, Radar and Communications Systems,PT SOG Indonesia
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