Albany, NY -- (ReleaseWire) -- 02/14/2014 -- This report is the result of company research covering the defense industry in the MINT region, and provides detailed analysis of both historic and forecasted defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
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The economies of Mexico, Indonesia, Nigeria and Turkey (MINT) are now all set to take up the mantle as the next focal points of attention with respect to international trade and commerce. One of the major factors driving growth in these countries is simply the unsaturation of the market, which was (and still is, albeit less than before) experienced by the BRIC nations for the last 12 years.For the most part defense industries of the MINT countries, having exhibited double digit growth rates during the review period, are expected to do so over the next five years as well, with the exception of Turkey, which is poised to grow at a CAGR of 6.48%. Indonesia with an estimated cumulative spend of US$98.5 billion is expected to witness the highest growth rate of 17.49% with Nigeria consolidating its position as one of the most potentially attractive markets in Africa with a growth rate of 12.61%; the Mexican defense market is expected to register a growth rate of 10.53%.
With various threats such as drug and human trafficking, money laundering, cyber-crime and arms trafficking becoming commonplace in the region, the governments of the various countries are expected to invest significantly in acquiring all types of military equipment such as UAVs, helicopters, aircraft, biometric systems and radars. Turkey, with a total spending of US$69.4 billion, is expected to dominate the homeland security market in the region, with Indonesia, Mexico and Nigeria completing the list in that order.
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The Future of the MINT Defence Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019 provides detailed analysis of the current industry size and growth expectations from 2015 to 2019, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
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