Singapore’s defence sector is an important and innovation-driven industry supported by strong government investment. There is a growing demand for advanced technologies in AI, cybersecurity, and autonomous systems, strengthened by Singapore’s role as a regional security leader.
Defence and security market in Singapore
Key opportunities for Canadian defence and security companies in Singapore
- Cybersecurity
- AI
- autonomous systems
- unmanned aerial vehicles (UAVs)
- Component suppliers and systems integrators
- Dual-use technologies, especially related to:
- space,
- quantum
- secure communications
Industry highlights
Over 3.0% of GDP comes from the defence and security sector
14.15% sector CAGR in 2025
CAD 24B defence and security budget in 2025
CAD 30B defence and security budget projection for 2030
CAD 8B sector value in 2025
Notable challenges for Canadian defence and security companies in Singapore
- Regulatory complexity: Export controls and procurement processes require careful navigation.
- High competition: Global defence giants are active in the market. Differentiation is key.
- Talent and localization: Local partnerships and workforce development may be expected in long-term engagements.
Singapore's business landscape
Singapore is a dynamic and open business landscape that values partnership and innovation to drive the economy. The defense and security markets are key economic sectors both for jobs and GDP. As such the sector is well-funded by the Government.
The main defence and security employers in Singapore are:
- the Ministry of Defence (MINDEF)
- Defence Science and Technology Agency (DSTA)
- ST Eng
- Singapore Police Force
Summary
Singapore is an attractive market for Canadian defence and security companies, particularly those offering support services. In 2024, Canadian exports of controlled military goods to Singapore reached CAD 30 million.
For more information on the defence and security in the Singapore market, please contact Trade Commissioner, Andrew Threlfall (andrew.threlfall@international.gc.ca) - defence and security.