DUBLIN--(BUSINESS WIRE)--The "Future of the Mexican Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to ResearchAndMarkets.com's offering.
'Future of the Mexican Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022' offers detailed analysis of the Mexican defense industry 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.
Mexican defense budget values at just over US$5 Billion in 2017, and registered a CAGR of -5.89% during the historic period. Being one of the largest oil and gas exporters in the North and Latin American region, Mexico was hit hard by the fall in energy prices, which prompted the government to cut back on overall government spending. As a result, the Mexican defense budget contracted during 2015, 2016 and 2017 by around -8%, -13% and -4%, respectively.
Mexican homeland security (HLS) expenditure stands at around US$3 Billion in 2018 and is expected to grow at a CAGR of more than 8.5% over the forecast period, and is expected to cross US$4.5 Billion in 2022. In early 2013, under the anti-crime strategy, President Enrique Pea Nieto dissolved the Secretariat of Public Security (SSP), the official body that handled internal security. Consequently, the responsibility of internal security has been passed to the Interior Ministry. The need to protect the country from the growing threats of human, weapon, and drug traffickers are expected to drive HLS expenditure over the forecast period.
Moreover, the country's policy on foreign direct investments (FDI) is favorable to foreign companies as it allows 100% FDI in the defense sector. Mexico is also inviting foreign OEMs to invest in the aerospace and defense sector, encouraging foreign OEM's to establish manufacturing and assembly lines within the country. In 1997, Cobham, Plc., a major manufacturer of defense equipment, established a manufacturing facility in Mexico.
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Business Environment and Country Risk
9. Appendix
Companies Mentioned
- Productos Mendoza
- AVIABALTIKA Aviation Company
For more information about this report visit https://www.researchandmarkets.com/research/xmvcbx/future_of_the?w=4
