Report Detail

Aerospace & Defense The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

  • RnM3960031
  • |
  • 30 April, 2020
  • |
  • Myanmar
  • |
  • 58 Pages
  • |
  • GlobalData
  • |
  • Aerospace & Defense

The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025

Summary

The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for maritime and border security market over the forecast period.

The Myanmar defense budget is valued at US$2.3 billion in 2020 and registered a CAGR of -2.19% during the historic period. Myanmar was under military rule since 1962, until it emerged from five decades of economic isolation and reopened its economy in 2011. The transformation of the country from an authoritarian military regime to a civilian government has led to significant political and economic transformation. After the end of military rule, economic growth was the main objective of the Myanmarese government, which initially resulted in a limited defense budget for the country. However, due to internal conflicts within the country, border conflicts with neighbor countries, military operations in Rakhine State, and the presence of a significant number of insurgent groups, the defense expenditure is projected to grow at a steady pace over the forecast period.

This report offers detailed analysis of the Myanmarese defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -
- The Myanmarese defense industry market size and drivers: detailed analysis of the India's defense industry during 2021-2025, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
- Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Myanmarese defense industry.

Scope

- Myanmar's defense market is expected to grow at a CAGR of 7.62% over the forecast period.
- Rise in internal insurgencies and mordernization of armed forces are expected to drive the defense expenditure over the forecast period.
- Myanmar’s major military hardware suppliers were China, Russia, and India, during 2015-2019

Reasons to Buy

- Determine prospective investment areas based on a detailed trend analysis of the Myanmar defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Myanmar market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the Myanmar defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the Myanmar government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available


Table of Contents

    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. Procurement Programs
        • 3.1.2. Key Drivers and Challenges
      • 3.2. Defense Market Size Historical and Forecast
        • 3.2.1. Myanmar’s defense expenditure is expected to grow at CAGR of 7.62% over 2021-2025
      • 3.3. Analysis of Defense Budget Allocation
        • 3.3.2. Capital expenditure expected to increase at CAGR of 7.46% over the forecast period
        • 3.3.3. Per capita defense expenditure set to increase over the forecast period
      • 3.4. Homeland Security Market Size and Forecast
        • 3.4.1. The homeland security market will record a forecast-period CAGR of 16.13%
      • 3.5. Benchmarking with Key Global Markets
        • 3.5.1. Myanmar’s defense budget expected to grow at a CAGR of 7.62% over the forecast period
        • 3.5.2. Myanmar’s defense expenditure is low compared to other Asian countries
        • 3.5.3. Myanmar allocates a larger share of its GDP to defense compared to other Asian countries
      • 3.6. Market Opportunities: Key Trends and Growth Stimulators
        • 3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over period 2020-2025

      4. Defense Procurement Market Dynamics

      • 4.1. Import Market Dynamics
        • 4.1.1. Defense imports are expected to recover over the forecast period
        • 4.1.2. China and Russia emerged as the largest suppliers of arms
        • 4.1.3. Aircraft and air defense system dominates military hardware imports
      • 4.2. Export Market Dynamics
        • 4.2.1. Myanmar’s domestic defense manufacturing is still in a nascent stage

      5. Industry Dynamics

      • 5.1. Market Regulation
        • 5.1.1. Currently foreign investmentsare not present in the defense industry of Myanmar
      • 5.2. Market Entry Route
        • 5.2.1. Budget Process
        • 5.2.2. Procurement Policy and Process
        • 5.2.3. Government-to-government contracts are the preferred market entry route for equipment manufacturers
        • 5.2.4. Closer military co-operation provides opportunities to enter the defense market

      6. Competitive Landscape and Strategic Insights

      • 6.1. Competitive Landscape Overview
      • 6.2. Key Domestic Company

      7. Business Environment and Country Risk

      • 7.1. Economic Performance
        • 7.1.1. GDP Per Capita
        • 7.1.2. GDP, Current Prices
        • 7.1.3. Gross National Disposable Income (US$ Billion)
        • 7.1.4. Local Currency Unit per US Dollar
        • 7.1.5. Goods Exports as a Percentage of GDP
        • 7.1.6. Goods Imports as a Percentage of GDP
        • 7.1.7. Service Imports as a Percentage of GDP
        • 7.1.8. Service Exports as a Percentage of GDP
        • 7.1.9. Net Foreign Direct Investment (BoP, current US$ Bn)
        • 7.1.10. Net Foreign Direct Investment as a Percentage of GDP
        • 7.1.11. Mining, Manufacturing, Utilities Output (LCU Billion)

      8. Appendix

      • 8.1. About GlobalData

      Summary:
      Get latest Market Research Reports on The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025. Industry analysis & Market Report on The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025 is a syndicated market report, published as The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025. It is complete Research Study and Industry Analysis of The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025 market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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