The Thai defense expenditure is expected to be driven by modernization initiatives, border disputes, security threats and an arms race with neighbouring countries. Moreover, years of defense budget underfunding has created the need for a comprehensive modernization program for equipment including fighter aircraft, military helicopters, armored carrier vehicles and diesel submarines.
The defense industrial base of Thailand is largely undeveloped and as a result the country is highly dependent on foreign suppliers to meet its military needs. Modernization of the country's armed forces increased imports in real terms during the review period. Over the past five years the US emerged as the largest suppliers of defense equipment to the country.
The country is expected to spend US$16.21 billion on Home Land Security (HLS) over the forecast period on a cumulative basis. The nation's HLS budget is driven by an increase in terrorist activities, mass protests and domestic instability. Over the next five years, significant investment is expected in equipment capable of countering maritime security threats and controlling riots.
In January 2011, 27,000 people gathered on the streets to demand the release of 19 protest leaders arrested in 2006 following clashes over the ousting of then Prime Minister, Thaksin Shinawatra. The country is expected to invest significantly in riot and crowd control equipment due to further planned protests.
Thailand faces a high level of threat from foreign terrorist organizations and is currently ranked at 13 on the ICD Reasearch Intelligence Terrorism Index. This score indicates a high threat level compared to countries throughout the world.
The report provides detailed analysis of the current industry size and growth expectations from 2011 to 2016, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
The report includes trend analysis of imports and exports, together with its implications and impact on the Thai 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 Thailand. 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.
Click for Report details:The Thai Defense Industry - Market Opportunities, Entry Strategies, Analyses and Forecasts to 2016