Future of the Bruneian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• Over the historic period, defense expenditure registered growth of 0.81%, increasing from US$405.1 million in 2011 to US$418.4 million in 2015

• Military expenditure, valued at US$420.7million in 2016, is expected to increase to US$439.9million by 2020, registering a CAGR of 1.13% over the forecast period

• The country’s military expenditure was affected by the dropping revenues attributed to the falling oil prices. However, it is expected to be driven by the country’s modernization initiatives, international terrorism, and border disputes

• The Defense Ministry is expected to procure C-130J Super Hercules military transport aircraft, C-950 Special Operation boats, and CN235-220 fixed wing maritime patrol aircraft”


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