1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Primary Threat Perception
3.1.2. Military Doctrine and Strategy
3.1.3. Procurement Programs
3.1.3.1. Ongoing Procurement Programs
3.1.3.2. Future Procurement Programs
3.1.3.3. Top Procurement Programs by Value (US$ million) 2019-2024
3.1.4. Geopolitical, social, and economic scenario
3.1.5. Political and Strategic Alliances
3.2. Defense Market Size Historical and Forecast
3.2.1. Defense expenditure to grow at a CAGR of 2.53% over the forecast period
3.2.2. Threat of narco-terrorism, defense reforms and modernization, border disputes, and peacekeeping operations to drive defense expenditure
3.2.3. Defense budget as a percentage of GDP is anticipated to average 0.8% during the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Revenue expenditure accounts for the majority of the Peruvian defense budget
3.3.2. Peruvian defense capital expenditure is expected to grow at a CAGR of 3.14% during the forecast period
3.3.3. Per capita defense expenditure expected to increase during the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Homeland security expenditure is expected to grow at a CAGR of 4.44% during the forecast period
3.4.2. Measures to prevent cocaine trafficking and organized crime to drive HLS expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Peruvian defense budget expected to register marginal growth over the forecast period
3.5.2. Peru's military expenditure is limited compared to countries with the largest defense expenditure
3.5.3. Peru allocates a low percentage of GDP to defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Sectors by Value (US$ Million) - Projections over 2019-2024
3.6.2. Critical Infrastructure Protection (CIP)-Physical Security
3.6.3. Military Transport Aircraft
3.6.4. Frigates

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports expected to increase during the forecast period
4.1.2. South Korea to account for the majority of Peru's defense imports during the forecast period
4.1.3. Aircraft and naval vessels are the most imported military hardware

5. Industry Dynamics
5.1. Five Forces Analysis
5.1.1. Bargaining Power of Supplier: Low to Medium
5.1.2. Bargaining Power of Buyer: Medium to High
5.1.3. Barriers to Entry: Medium
5.1.4. Intensity of Rivalry: Medium to High
5.1.5. Threat of Substitution: Medium to High

6. Market Entry Strategy
6.1. Market Regulation
6.1.1. Budgeting process
6.1.2. Procurement Policy and Process
6.1.3. Offset policy aids development of domestic defense industry
6.1.4. Peru allows 100% FDI in the defense industry
6.2. Market Entry Route
6.2.1. The country's biennial defense exhibition provides an attractive entry route
6.2.2. Direct selling is the preferred market entry route for foreign OEMs
6.3. Key Challenges
6.3.1. Small defense budget and infrastructure challenge limits the market entry of foreign companies
6.3.2. Lack of transparency hampers the growth of the Peruvian defense industry

7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Peruvian Market Share Analysis, 2019-2024
7.3. Key Domestic Companies
7.3.1. Los Servicios Industriales de la Marina (SIMA): Overview
7.3.2. Los Servicios Industriales de la Marina (SIMA): Products and Services
7.3.3. Los Servicios Industriales de la Marina (SIMA): Recent Announcements and Strategic Initiatives
7.3.4. Los Servicios Industriales de la Marina (SIMA): Alliances
7.3.5. Los Servicios Industriales de la Marina (SIMA): Recent Contract Wins
7.3.6. The Army Ammunition Factory (FAME): Overview
7.3.7. The Army Ammunition Factory (FAME): Products and Services
7.3.8. The Army Ammunition Factory (FAME): Recent Announcements and Strategic Initiatives
7.3.9. Desarrollos Industriales Casanave: Overview
7.3.10. Desarrollos Industriales Casanave: Products and Services
7.3.11. Desarrollos Industriales Casanave: Recent Announcements and Strategic Initiatives
7.3.12. Desarrollos Industriales Casanave: Alliances

8. Business Environment and Country Risk
8.1. Economic Performance
8.1.1. GDP Per Capita (US$)
8.1.2. GDP, Current Prices (US$ Billion)
8.1.3. Exports of Goods and Services, Current Prices (LCU billion)
8.1.4. Imports of Goods and Services, Current Prices (LCU billion)
8.1.5. Gross National Disposable Income (US$ billion)
8.1.6. Local Currency Unit per US$ (Period Average)
8.1.7. Market Capitalization of Listed Companies (US$ Billion)
8.1.8. Market Capitalization of Listed Companies (% of GDP)
8.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
8.1.10. Goods Exports as a Percentage of GDP
8.1.11. Goods Imports as a Percentage of GDP
8.1.12. Services Imports as a Percentage of GDP
8.1.13. Services Exports as a Percentage of GDP
8.1.14. Foreign Direct Investment, Net (BoP, Current US$ Billion)
8.1.15. Net Foreign Direct Investment as a Percentage of GDP
8.1.16. Mining, Manufacturing, Utilities Output LCU Billion

9. Appendix
9.1. About GlobalData
9.2. Disclaimer

List of Tables
Table 1: Peruvian - Ongoing Development and Procurement Programs (US$ Million), 2014-2019
Table 2: Peruvian - Future Procurement Programs
Table 3: Peruvian- Top Five Defense Procurement Programs by Value (US$ Million), 2019-2024
Table 4: Peruvian Defense Expenditure (PEN Billion and US$ Billion), 2015-2024
Table 5: Peruvian GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024
Table 6: Peruvian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 7: Peruvian Defense Capital Expenditure (PEN Million and US$ Million), 2015-2024
Table 8: Peruvian Per Capita Defense Expenditure (US$), 2015-2024
Table 9: Peruvian Homeland Security Expenditure (PEN Billion and US$ billion), 2015-2024
Table 10: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
Table 11: Top Peru Defense Sectors by Value (US$ Million), 2019-2024
Table 12: Defense Offset Regulations in Peru
Table 13: Competitive Landscape of the Peruvian Defense Industry
Table 14: Top Defense Suppliers in Peruvian Defense Industry By Value (US$ Million), 2019-2024
Table 15: Los Servicios Industriales de la Marina (SIMA) - Products and Services
Table 16: Los Servicios Industriales de la Marina (SIMA) - Alliances
Table 17: Los Servicios Industriales de la Marina (SIMA) - Recent Contract Wins
Table 18: The Army Ammunition Factory (FAME) - Product Focus
Table 19: Desarrollos Industriales Casanave - Product Focus
Table 20: Desarrollos Industriales Casanave - Alliances

List of Figures
Figure 1: Peruvian Defense Budget: 2020 and 2024
Figure 2: Peruvian Defense Imports: 2014 and 2018
Figure 3: Peruvian Top Prospective Procurements/Developments
Figure 4: Peruvian National Security Threats
Figure 5: Peruvian Partnering Countries for Defense Cooperation and Military Training
Figure 6: Peruvian Defense Expenditure (PEN Billion), 2015-2024
Figure 7: Peruvian Defense Expenditure (US$ Billion), 2015-2024
Figure 8: Peruvian GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024
Figure 9: Peruvian Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 10: Peruvian Capital Budget Allocation (PEN Million), 2015-2024
Figure 11: Peruvian Capital Budget Allocation (US$ Million), 2015-2024
Figure 12: Peruvian Per Capita Defense Expenditure (US$), 2015-2024
Figure 13: Peruvian Homeland Security Budget (PEN Billion), 2015-2024
Figure 14: Peruvian Homeland Security Budget (US$ Billion), 2015-2024
Figure 15: Benchmarking with Key Markets - 2015-2019 vs. 2020-2024
Figure 16: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 17: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 18: Physical Security-Critical Infrastructure Protection Market Size (US$ Million), 2019-2024
Figure 19: Military Transport Aircraft Market Size (US$ Million), 2019-2024
Figure 20: Frigates Market Size (US$ Million), 2019-2024
Figure 21: Peruvian Defense Import Trend, 2014-2018 (TIV values)
Figure 22: Peruvian Defense Imports by Country (%), 2014-2018
Figure 23: Peruvian Defense Imports by Category (%), 2014-2018
Figure 24: Industry Dynamics - Porter's Five Forces Analysis
Figure 25: Peruvian Budgeting Process
Figure 26: Peruvian Market Share Analysis, 2019-2024
Figure 27: Peruvian GDP Per Capita (US$), 2015-2025
Figure 28: Peruvian GDP at Current Prices (US$ Billion), 2015-2025
Figure 29: Peruvian Exports of Goods and Services, Current Prices (LCU Billion), 2005-2014
Figure 30: Peruvian Imports of Goods and Services, Current Prices (LCU Billion), 2005-2014
Figure 31: Peruvian Gross National Disposable Income (US$ billion) 2007-2014
Figure 32: Local Currency Unit per US$, 2015-2024
Figure 33: Market Capitalization of Listed Companies in Peru (US$ Billion), 2005-2012
Figure 34: Market Capitalization of Listed Companies in Peru (% of GDP), 2005-2012
Figure 35: Peruvian Government Cash Surplus/Deficit as a % of GDP (LCU), 2005-2012
Figure 36: Peruvian Goods Exports as a % of GDP, 2005-2013
Figure 37: Peruvian Goods Imports as a % of GDP, 2005-2013
Figure 38: Peruvian Services Imports as a % of GDP, 2005-2013
Figure 39: Peruvian Services Exports as a % of GDP, 2005-2013
Figure 40: Peruvian Foreign Direct Investment, Net (BoP, Current US$ Billion), 2005-2013
Figure 41: Peruvian Net Foreign Direct Investment as a % of GDP, 2005-2013
Figure 42: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Companies Mentioned
- Los Servicios Industriales de la Marina (SIMA)
- The Army Ammunition Factory (FAME)
- Desarrollos Industriales Casanave