Future of the Mexican Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Future of the Mexican Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023


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Executive Summary

Future of the Mexican Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the Mexican Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2023", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report 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.

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

- The defense industry market size and drivers: detailed analysis of the Mexican defense industry during 2019-2023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country's expenditure and modernization patterns

- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country

- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years

- Market opportunities: details of the top five defense investment opportunities

- Competitive landscape and strategic insights: analysis of the competitive landscape of the Mexican defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.

Scope

- The Mexican defense budget values USD 5.9 billion in 2018 and registered a CAGR of -3.35% during the historic period.

- As one of the largest oil and gas exporters in the North American 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.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Mexican defense industry market trends for the coming five years

- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period

- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector

- A deep qualitative analysis of the Mexican defense industry covering sections including demand drivers, Key Trends and Growth Stimulators, and latest industry contracts.



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Table of Contents

1. Introduction 6

1.1. What is this Report About? 6

1.2. Definitions 6

1.3. Summary Methodology 8

1.4. About GlobalData 9

2. Executive Summary 10

3. Market Attractiveness and Emerging Opportunities 11

3.1. Current Market Scenario 12

3.1.1. Military Fleet size 12

3.1.2. Procurement Programs 16

3.1.3. Key Drivers and Challenges 17

3.2. Defense Market Size Historical and Forecast 18

3.2.1. Mexican defense budget to grow at a forecast-period CAGR of 4.23% 18

3.2.2. The government's fight against drug trafficking is set to drive defense expenditure over the forecast period 20

3.2.3. Defense budget as a percentage of GDP to remain at an average of 0.46% over the forecast period 21

3.3. Analysis of Defense Budget Allocation 23

3.3.1. Capital expenditure will increase over the forecast period 23

3.3.2. Capital expenditure is anticipated to record a forecast-period CAGR of 4.47% 25

3.3.3. Per capita defense expenditure to rise over the forecast period 27

3.4. Homeland Security Market Size and Forecast 28

3.4.1. Homeland security will post a forecast-period CAGR of 6.26% 28

3.4.2. Organized crime and money laundering to drive the HLS market 30

3.4.3. Mexico falls under the moderately affected category on the terrorism index 31

3.4.4. Mexico faces a moderate threat from terrorist organizations 32

3.4.5. Mexico has a terrorism index score of 3.3 34

3.5. Benchmarking with Key Global Markets 35

3.5.1. Mexico's defense budget expected to increase over the forecast period 35

3.5.2. Mexico's military expenditure is limited compared to countries with the largest defense expenditures 37

3.5.3. The defense budget as a percentage of GDP is set to decline over the forecast period 38

3.6. Market Opportunities: Key Trends and Drivers 39

4. Defense Procurement Market Dynamics 40

4.1. Import Market Dynamics 41

4.1.1. Limited domestic defense capabilities to drive the country's defense imports 41

4.1.2. The US, France and the Netherlands are Mexico's major suppliers for the Mexico 42

4.1.3. Aircraft and armored vehicles accounted for 88.6% of defense imports 43

4.2. Export Market Dynamics 44

4.2.1. Mexico does not export arms due to an underdeveloped domestic arms industry 44

5. Market Entry strategy 45

5.1. Market Regulation 45

5.1.1. Mexico has not disclosed any offset obligations 45

5.1.2. Mexico allows 100% FDI in the defense industry 45

5.2. Market Entry Route 46

5.2.1. Budgeting process 46

5.2.2. Procurement Policy and Process 47

5.2.3. Military collaborations provide good market entry opportunities 47

6. Competitive Landscape and Strategic Insights 48

6.1. Competitive Landscape Overview 48

7. Business Environment and Country Risk 49

7.1. Economic Performance 49

7.1.1. GDP Per Capita at Constant Prices (USD ) 49

7.1.2. GDP at Current Prices (USD ) 50

7.1.3. Exports of Goods and Services 51

7.1.4. Imports of Goods and Services 52

7.1.5. Gross National Disposable Income 53

7.1.6. LCU per USD (Period Average) 54

7.1.7. Market Capitalization of Listed Companies 55

7.1.8. Market Capitalization of Listed Companies (Percentage of GDP) 56

7.1.9. Goods Exports as a Percentage of GDP 57

7.1.10. Goods Imports as a Percentage of GDP 58

7.1.11. Service Imports as a Percentage of GDP 59

7.1.12. Services Exports as a Percentage of GDP 60

7.1.13. Foreign Direct Investment (FDI), net (BoP, current USD Billion) 61

7.1.14. Net FDI as a Percentage of GDP 62

7.1.15. Mining, Manufacturing, Utilities Output 63

8. Appendix 64

8.1. About GlobalData 64

8.2. Disclaimer 64

List of Figures

Figure 1: Mexican Defense Expenditure (MXN Billion), 2014-2023 19

Figure 2: Mexican Defense Expenditure (USD Billion), 2014-2023 19

Figure 3: Mexican GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2014-2023 22

Figure 4: Mexican Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 24

Figure 5: Mexican Defense Capital Expenditure (MXN Billion), 2014-2023 26

Figure 6: Mexican Defense Capital Expenditure (USD Billion), 2014-2023 26

Figure 7: Mexican Per Capita Defense Expenditure (USD ), 2014-2023 27

Figure 8: Mexican Homeland Security Expenditure (MXN Billion), 2014-2023 29

Figure 9: Mexican Homeland Security Expenditure (USD Billion), 2014-2023 29

Figure 10: Terrorism Heat Map, 2018 31

Figure 11: Terrorism Index, 2018 34

Figure 12: Mexico-Benchmarked Against Key Markets (%), 2014-2018 vs. 2019-2023 36

Figure 13: Defense Expenditure of the World's Largest Military Spenders (USD Billion), 2018 and 2023 37

Figure 14: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2018 38

Figure 15: Mexican Defense Imports (USD Million), 2013-2017 (TIV Values*) 41

Figure 16: Mexican Defense Imports by Country (%), 2013-2017 42

Figure 17: Mexican Defense Imports by Category (%), 2013-2017 43

Figure 18: Mexican-GDP Per Capita at Constant Prices (USD ), 2015-2025 49

Figure 19: Mexican-GDP at Current Prices (USD Billion), 2015-2025 50

Figure 20: Mexican-Exports of Goods and Services (LCU Trillion), 2005-2014 51

Figure 21: Mexican-Imports of Goods and Services (LCU Trillion), 2005-2014 52

Figure 22: Mexican-Gross National Disposable Income (USD Billion), 2005-2012 53

Figure 23: Mexican-LCU per USD , 2015-2024 54

Figure 24: Mexican-Market Capitalization of Listed Companies (USD Billion), 2005-2012 55

Figure 25: Mexican-Market Capitalization of Listed Companies (Percentage of GDP), 2005-2012 56

Figure 26: Mexican-Goods Exports as a Percentage of GDP, 2005-2014 57

Figure 27: Mexican-Goods Imports as a Percentage of GDP, 2005-2014 58

Figure 28: Mexican-Services Imports as a Percentage of GDP, 2005-2014 59

Figure 29: Mexican-Services Exports as a Percentage of GDP, 2005-2014 60

Figure 30: Mexican-FDI, Net (BoP, Current USD Billion), 2005-2014 61

Figure 31: Mexican-Net FDI as a Percentage of GDP, 2005-2014 62

Figure 32: Mexican-Mining, Manufacturing, Utilities Output (LCU Trillion), 2005-2014 63

List of Tables

Table 1: Mexican Ground Forces Strength 12

Table 2: Mexican Air Force Strength 13

Table 3: Mexican Navy Strength 14

Table 4: Mexican Ongoing Development and Procurement Programs (USD Million) 16

Table 5: Mexican Future Procurement Programs 16

Table 6: Mexican Defense Expenditure (MXN Billion and USD Billion), 2014-2023 18

Table 7: Mexican GDP Growth and Defense Expenditure as a Percentage of GDP Growth (%), 2014-2023 21

Table 8: Mexican Defense Budget Split Between Capital and Revenue Expenditure (%), 2014-2023 23

Table 9: Mexican Defense Capital Expenditure (MXN Billion & USD Billion), 2014-2023 25

Table 10: Mexican Per Capita Defense Expenditure (USD ), 2014-2023 27

Table 11: Mexican Homeland Security Expenditure (MXN Billion and USD Billion), 2014-2023 28

Table 12: Terrorism Index, 2018 32

Table 13: Benchmarking with Key Markets-2014-2018 vs 2019-2023 35

Table 14: Top Mexican Defense Sectors by Value (USD Million), 2018-2023 39

Table 15: Mexican Budget process 46

Table 16: Mexican-Competitive Landscape of Defense Industry, 2018 48

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Defense, budget, offset, regulation, capital expenditure, homeland, drivers, market opportunities, procurement, entry route, key challenge, announcements, alliances, contract awards, financial analysis, business environment, Productos Mendoza, Aviabaltika de Mexico, Lockheed Martin

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