DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/c6fxnx/the_thai_defense) has announced the addition of iCD Research's new report "The Thai Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017" to their offering.
The Thai Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017 provides detailed analysis of the current industry size and growth expectations from 2013 to 2017, 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.
Thai military spending, estimated at US$5.4 billion in 2012, increased at a CAGR of 5.44% during the review period and is projected to register a CAGR of 8.5% during the forecast period, to reach US$8.2 billion by 2017. Along with an increase in the overall defense budget, Thai military spending as a percentage of GDP is anticipated to increase from an estimated 1.5% in 2012 to 1.9% in 2017. Overall, the nation is expected to spend an estimated US$35.3 billion on its armed forces during the forecast period, out of which US$12.2 billion will be earmarked for capital expenditure.
Thai HLS expenditure registered a CAGR of 11.97% during the review period and is expected to witness a CAGR of 10.11% during the forecast period, to reach an estimated US$11.86 billion in 2017. The country's internal security budget is expected to increase due to a rise in terrorist attacks, cross border infiltration, and mass protests, and furthermore, the nation has a vast coastline of 2,815 km, making it susceptible to attacks from pirates, the illicit drug trade, and illegal immigration. Over the forecast period, HLS equipment manufacturers will witness a surge in demand for equipment capable of preventing terrorist attacks and managing mass protests.
- Avia Saab Technologies Co. Ltd.
- Avia SatcomInfowave (Thailand) Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/c6fxnx/the_thai_defense.
Source: iCD Research
Source: Research and Markets