Market Research and Other Other Regional Defense Updates:
Afghanistan | Australia | Brunei | Bangladesh | China | India | Indonesia | Japan | Malaysia | Myanmar |
North Korea | Pakistan | PhilippinesSingapore | South Korea | Sri-Lanka | Taiwan | Thailand | Vietnam.


  • IAI Develops a Hybrid Loitering EO-Guided Missile for US Irregular Warfare Jan 19, 2023IAI Develops a Hybrid Loitering EO-Guided Missile for US Irregular Warfare
    IAI has been awarded a multi-million-dollar contract by the Irregular Warfare Technical Support Directorate (IWTSD) of the US Department of Defense (DoD) to rapidly develop and deliver “ROC-X,” a version of the POINT BLANK hybrid-missile system, designed to increase the organic precision strike lethality of small tactical teams. The Point Blank weapon has already been tested in Israel, and IAI plans to deliver the first ROC-X prototypes and training to DoD for Operational Testing and Evaluation in FY-23.
  • A Smart Sight Provides Tactical Operators with Counter-Drone Overmatch at Long Range Jan 11, 2023A Smart Sight Provides Tactical Operators with Counter-Drone Overmatch at Long Range
    After less than three years of development, Smartshooter has reached the final milestone of the Individual Weapon Overmatch Optic (IWOO) program, successfully passing the system’s Technology Readiness Review (TRR). As part of this phase, two prototype systems were taken through a series of live-fire tests by IWTSD to ensure the system met the contract performance requirements. The systems performed well and fired day and night, using clip-on night vision devices.
  • Foreign Exhibits at Vietnam Defence 2022 Jan 5, 2023Foreign Exhibits at Vietnam Defence 2022
    Defense-Update impressions from the main foreign exhibits at Vietnam Defence 2022.
  • Vietnam International Defense Expo Reflects Hanoi’s Military Prowess Jan 5, 2023Vietnam International Defense Expo Reflects Hanoi's Military Prowess
    The Vietnam Defense Exhibition, held at a Hanoi airbase, attracted 174 exhibitors from 30 countries. Vietnam is considering adopting a “Make in Vietnam” policy similar to India’s to strengthen the capabilities of its local defense industry and support significant defense procurement programs. The exhibition provided local companies with an opportunity to showcase their capabilities and find potential foreign partners.
  • Gearing Up for IDEX / NAVDEX 2023 Jan 5, 2023Gearing Up for IDEX / NAVDEX 2023
    International Defence Exhibition and Conference (IDEX 2023) and the 7th edition of the Naval Defence Exhibition and Conference (NAVDEX 2023), which will take place on 20-24 February 2023. Organized by ADNEC Group at the Abu Dhabi National Exhibition Centre, in association with the UAE Ministry of Defense, the events are set to showcase a wide range of new features and attract leading participants and exhibitors from the international defense industry.
  • US Army Completes Successful Iron Fist Tests Series on Bradley Armored Fighting Vehicles Jan 5, 2023US Army Completes Successful Iron Fist Tests Series on Bradley Armored Fighting Vehicles
    The US Army recently completed rigorous testing on the Iron Fist Active Protection System (APS) that showed significantly improved results over previous tests. The testing completed in October 2022 of the Iron Fist Light Decoupled (IFLD) system demonstrated improvements in both durability and system effectiveness, compared to the previous testing on the Bradley Infantry Fighting Vehicle. The Army is considering the system to equip its Bradley, OMFV and other light armored vehicles.
  • RAFAEL Enhances SPYDER with Counter-Ballistic Missile Capability Jan 4, 2023RAFAEL Enhances SPYDER with Counter-Ballistic Missile Capability
    Rafael Advanced Defense Systems has announced it has enhanced its SPYDER air defense system with a Counter-TBM (tactical ballistic missiles) capability. The enhancement was developed in response to urgent operational requests from several customers. The program will extend the capabilities of the SPYDER’s effectors and implement various Counter-TBM derivatives across the system.
  • Oshkosh Defense to Produce Hundreds of Eitan Armored Vehicles for Israel Dec 28, 2022Oshkosh Defense to Produce Hundreds of Eitan Armored Vehicles for Israel
    Israel’s Ministry of Defense has selected Oshkosh Defense to produce hundreds of hulls for the IDF’s new wheeled Armored Personnel Carriers (APC). The announcement follows a process led by the Ministry of Defense’s Procurement Mission in the US, in cooperation with the Tank and APC Directorate. The program is likely to produce 500 vehicles, with hundreds more deliveries expected in the future. Eitan will replace M113s in service with the IDF since the late 1960s. 
  • IDF Completes Iron Fist APS Integration on Eitan APC, Armored Bulldozers Dec 12, 2022IDF Completes Iron Fist APS Integration on Eitan APC, Armored Bulldozers
    Israel Integrates “Iron Fist” Active Protection Systems (APS) in the ‘Eitan’ Armored Personnel Carrier and ‘Panda’ Armored D9 Bulldozer. A final test series completed the integration process, demonstrating successful interception tests in various challenging scenarios. The video documenting the tests depicts a new version of the APS, employing a smaller radar panel and protected launchers.
  • B-21 Raider – The US Air Forces’ Next Generation Bomber Dec 6, 2022B-21 Raider - The US Air Forces' Next Generation Bomber
    On 2 December 2022, the US Air Force publicly unveiled its new bomber, the B-21 Raider. The aircraft is the first new, long-range strike bomber in a generation; it is designed to be the multifunctional backbone of the modernized bomber fleet. Although the B-21 will be the most expensive aircraft in history, it is designed to be more affordable to operate over its service life.

Research Focus: Singapore Defense Market

The Singapore Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

Singapore has the largest defense expenditure in South East Asia, and, in 2008, the country had the world’s fourth-largest per capita defense expenditure, behind only Israel, the US and Oman. The country’s defense expenditure is high due to the small size of the country’s armed forces and consequent ever-present requirement to upgrade the country’s defense equipment and procure advanced technology in order to compensate for the country’s lack of manpower.

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Singapore has the largest defense expenditure in the South East Asian region, and the country’s defense spending is expected to increase substantially by 2016. The country’s defense expenditure is primarily driven by the threat of terrorist organizations such as Jemaah Islamiah, and the country’s focus on the protection of important trade routes, such as the Strait of Singapore and the Strait of Malacca, from the threat of piracy. Singapore’s army is relatively small, resulting in the country using technology as a force multiplier, another factor which increases its defense expenditure. The country’s small size also renders it unable to provide adequate training facilities for its armed forces personnel. As such, the country relocates army training facilities to foreign countries, a decision that creates the need to purchase training stations and detachments overseas.

From 2011 to 2016, (the forecast period), Singapore is expected to invest in advanced technology for its armed forces, including purchases in areas such as such as stealth technology, unmanned technology and precision guided systems. Homeland security expenditure is also expected to increase the demand for CCTV, advanced electronic systems and biometric checking.

As Singapore is investing in advanced technology for its armed forces, it requires technology transfer agreements for all defense procurements in order to ensure future repair and maintenance and to enable the customization of equipment in accordance with the country’s needs. Additionally, Singapore’s FDI (Foreign Direct Investment) policy allows foreign defense companies to establish a fully-owned subsidiary in the country and, in order to further encourage investment, favorable tax laws also exist for foreign companies.

Singapore procures the majority of its defense equipment from foreign companies, with its defense imports driven by the country’s policy of utilizing technology to improve the efficiency of its armed forces. Some of Singapore’s major defense imports include arms, ships, missile systems and armored vehicles. Historically, the largest supplier of arms to Singapore was the US; however, from 2005 to 2010 (the review period), countries such as France and Germany have made substantial inroads into the country’s defense industry.

The Singaporean Government prefers technology transfer agreements for defense equipment acquisitions, and, as a result, this is the most common route for original equipment manufacturers (OEMs) to enter the domestic defense industry. In order to procure spare parts and other common equipment, the government also has an online portal, the Ministry of Defense Internet Procurement System (MIPS), through which registered suppliers are issued with a smart card, and only such companies are allowed to enter the bidding process for defense equipment. Defense suppliers obtain a smart card through registration with the defense ministry. Additionally, Singapore has devised an innovative procurement method through lease-to-own arrangements, a policy that substantially reduces initial capital investment, gives Singapore early access to advanced defense equipment and reduces Foreign Military Sales (FMS) commission. Foreign OEMs can therefore enter Singapore’s defense industry by offering equipment through lease-to-own arrangements.

Singapore is a relatively small country, with a total land mass of 710 square kilometers. The size of the country limits the land available for the establishment of manufacturing facilities, a factor which acts as a barrier for foreign companies considering investing in Singapore. The country’s declining birth rate, small population and resultant labor shortage also act as barriers to entry. The country’s acute land shortage is reflected by the fact that the Singaporean Government trains military personnel at foreign facilities.

For more information on “The Singapore Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016″ (product ID: # Defense-Update DF0074MR Request for Quotation). The report is available in electronic form from ICD. Single User License costs: $1,250.-

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