Peru Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028

Peru Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028

Summary

Peru Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2023-2028 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 level of threat it experiences due to narco-terrorism and border disputes. In 2023, Peru’s defense budget values $1.9 billion, registering a negative CAGR of 3.8% during the historic period 2019-23. The decline during the historic period can be attributed to 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 annual GDP growth of 2% in 2023. The compound annual GDP growth is anticipated to reflect 2.8% over the forecast period 2023-28. As a result, the Peruvian defense budget is anticipated to surge from $1.9 billion in 2023 to $2.6 billion by 2028, reflecting a CAGR of 6.3%.

Key Highlights

• Drivers of Defense expenditure include Defense reforms and modernization, Narco-terrorism, Border dispute
• Major ongoing procurement programs include procurement of C-27J Spartan transport aircraft, T90s- Main battle tanks

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

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.

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

• Peru defense budget: detailed analysis of Peru 2023 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 procurement 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 Peru's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the French 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 French 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