Market potential
ASIA PACIFIC NAVAL AND AIR FORCE MARKET FORECASTS
- New naval forces equipment with state-of-the-art surface platforms, submarine, and maritime aviation assets top the procurement lists of navies in the Asia-Pacific which are expected to spend a combined US$108 billion over the next decade.
Defence spending in SEA reached over US$200 billion during the period 1990 – 2002 and have been expected to peak at US$350 billion over the period 2005 – 2020.
- Navies in the Asia Pacific region are forecasted to spend US$84 billion on the acquisition of submarines and surface combatants with anti-submarine warfare capabilities, over the next 10 years, to further strengthen their maritime capabilities.
- Malaysia, India, Pakistan, Thailand and Singapore are among the countries in the region actively exploring the acquisition of maritime patrol and surveillance aircraft to protect their coastlines and sea-lanes.
- Asia’s defence market poses many opportunities for suppliers over the next 15 years as regional governments seek to modernize their air forces.
- Australia, China, Japan, South Korea, Pakistan and India are the big spenders over the course of the next 15 years as they implement procurement plans for next generation combat aircraft, UAVs, cruise missiles and C4ISR systems.
- Australia, Japan and South Korea are competing in obtaining the most advanced super fighter.
- Countries in the Asia Pacific are expected to account for about 50% of the world market for Airborne Early Warning and Control (AEW & C) platforms that are valued at US$30 billion over the next decade.
- The global market for UAVs over a period of 10 years is reportedly close to US$14 billion, with countries in the Asia Pacific expected to account for some 350 units.
Malaysia
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one or more multi role amphibious ships to support peacekeeping and humanitarian missions, as well as to supplement its ageing amphibious support ships.
- more helicopters, specifically to beef up their ASW capabilities.
- procurement of UUVs and USVs.
Indonesia
- plans to procure eight corvettes, three landing ship tanks and four fast patrol crafts for counter-piracy operations.
- target of having 12 diesel submarines in the submarine fleet by 2024.
Singapore
- requirement for maritime patrol aircraft to replace its EP-3 Hawkeyes.
- acquiring more unmanned underwater vehicles (UUV) and unmanned surface vehicles (USV).
- seeking up to 84 precision-guided bombs for its F-15 fighter jet fleet as part of a military package valued up to US$200 million.
Thailand
- submarine force development programme is still in the planning stages, and the final type and number of submarines procured could change based on regional and budgetary considerations.
- announced that they plan to procure up to 14 new naval helicopters.
Philippines
- revealed plans to acquire maritime helicopters equipped with ASW capabilities.
South Korea
- new multimission capable naval helicopters to beef up its mine counter measure (MCM) capability. The plan calls for four helicopters fitted with airborne MCM capabilities by 2012, and another four helicopters also with the same capabilities by 2015.
- create tactical reconnaissance wing consisting of surveillance airplanes, advanced AEW&C systems and UAVs by 2012 in a bid to develop its independent intelligence gathering and surveillance capabilities.
India
- requirement for maritime helicopters and in January 2006 sent a request for proposals to eight overseas suppliers for a 16-helicopter with an option of buying eight additional helicopters at a later date. The Indian Navy has also issued a new tender in June 2008 to upgrade 17 of its ageing Sea King helicopters. The upgrades reportedly include the replacement of obsolete equipment and integration of new sensors, avionics and weapons.
- request proposal of eight maritime reconnaissance aircrafts to overseas vendors.