Peru Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026

Peru Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Peru has consistently spent a fair amount of money on its defense due to the high narco-terrorism threat and border disputes. In 2021, Peru’s defense budget is $2 billion, registering a negative CAGR of 2.43% during the historical period. The decline during the historical period can be attributed to the funding constraints due to a weak economy, further exacerbated by the onset of the COVID-19 pandemic. However, over the forecast period the country’s economy is anticipated to rebound and post a GDP growth of 5.5% in 2022. The average Y-o-Y GDP growth of the Peruvian economy is anticipated to reflect 4.22% over the forecast period. As a result, the Peruvian defense budget is anticipated to surge from $2 billion in 2021 to $2.3 billion by 2026, reflecting a CAGR of 0.82%.

This report offers detailed analysis of Peru defense market 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.

Drivers of Defense expenditure include defense reforms and modernization, narco terrorism and border dispute. Major ongoing procurement programs include procurement of Future Frigates, T-90s Main battle tanks, C27J Transport aircraft.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

In particular, it provides an in-depth analysis of the following -

• Peru defense budget: detailed analysis of Peru FY2021 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of Peru military doctrine and strategy to provide a comprehensive overview of Peru military regulation.
• Security Environment: political alliances and perceived security threats to Peru are examined; there help to explain trends in spending and modernisation.
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of the Peru defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Peru defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Peru market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Peru defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Peru government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available