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Thailand Defence and Security Report 2016

  • July 2016
  • -
  • Business Monitor International
  • -
  • 49 pages

Includes 3 FREE quarterly updates

BMI View: Although Thailand's domestic landscape remains wrought by fragility, owing primarily to thepolitical weight that the military holds and domestic security concerns, the defence market will continue tobe one of the fastest growing in the world. The local defence industry will remain underdeveloped and, assuch, the country will rely on international exporters to satisfy the majority of its defence requirements.Cooling relations with the US in light of the 2014 coup have allowed for greater diversification inThailand's defence import matrix and we highlight that non-US firms are increasingly well-placed tocapture market share. We highlight gaps in the Royal Thai Armed Forces' C4ISR, amphibious and navalcapabilities to especially offer lucrative revenue-earning opportunities for multinational defence firms.Nonetheless, political instability threatens the continuity of defence spending policy and the opaque natureof procurement and defence spending will act as deterring factors. Deteriorating demographic trends and alack of reform momentum will also act to hinder potential in economic growth and, in turn, that of defenceexpenditure growth.Latest Updates

- Initial plans for the country to hold general elections in 2015 were deferred until 2016, and have nowbeen deferred again until 2017. A draft constitution will be voted on in an August 7 referendum.

- In May 2016, Thailand and Japan agreed to expand defence collaboration following talks between ThaiDefence Minister Prawit Wongsuwan and his Japanese counterpart Gen Nakatani. A joint statement saidthe two sides will increase efforts to explore potential Japanese exports to the Thai market and activitiesrelated to military joint exercises and training, as well as efforts in disaster relief.

- In April 2016, the raising of the Royal Thai Marine Corps' (RTMC's) first paramilitary counterinsurgencyforce was approved by the Thai government. As regular army personnel are withdrawn fromthe insurgency-plagued southern region, the volunteer-formed light infantry paramilitary units take up theprimary role in counter-separatist operations.

- On March 29, suspected southern separatist militants killed three local police officers and injured sixothers in Thailand's Narathiwat province in a vehicle ambush.

Table Of Contents

Thailand Defence and Security Report 2016
BMI Industry View 7
Table: Defence Expenditure (Thailand 2015-2020) 7
SWOT 9
Defence Industry SWOT 9
Industry Forecast 11
Defence Expenditure 11
Table: Defence Expenditure (Thailand 2014-2019) 12
Table: Defence Expenditure (2020-2025) 12
Defence Trade 15
Industry Risk/Reward Index 17
Defence Industry Risk/Reward Index 17
Table: Asia Pacific Defence Risk Reward Index 17
Rewards 18
Risks 18
Market Overview 20
Defence Market Overview 20
Domestic Defence Sector 20
Domestic Defence Market 21
Table: Thailand Defence Agreements 24
Armed Forces Overview 25
Armed Forces 25
Table: Armed Forces Personnel (Thailand 2006-2013) 26
Security Overview 29
Domestic Threats 29
Regional Threats 33
International Threats 35
Company Profile 36
Amornmas Co, Ltd 36
Chaiseri Rubber and Co, Ltd 38
G-Force Composites 40
Italthai Marine Limited 42
Marsun Co, Ltd 44
Methodology 45
Industry Forecast Methodology 45
Risk/Reward Index Methodology 46
Sector-Specific Methodology 48
Table: Defence Risk/Reward Index Indicators 48
Weighting 49
Table: Weighting of Defence Risk Reward Index 49

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