Myanmar Defense Industry Analyzed & Forecast by SDI in New Report Published at MarketPublishers.com29 Jul 2014 • by Natalie Aster
LONDON – As of 2014, the value of the defense market in Myanmar stands at around USD 2.36 billion. Furthermore, it is expected to grow at a CAGR of nearly 1.54% in the next 5 years, and reach USD 2.47 billion in 2019. The growth of the national defense industry is likely to be spurred by the country’s increasing military expenditure, on-going defense industry modernization and rising necessity to replace the aging military hardware.
The continued civil war, hostile relations with Bangladesh and transition to a semi-civilian government have pushed Myanmar to the upgrade of its military equipment such as naval vessels and fighter aircraft.
Through 2019, Myanmar is predicted to make investments in such defense industry categories as helicopters, multi-role aircraft, missiles, radar systems, border security, submarines and frigates, etc. As the domestic defense manufacturing is still in nascent stages, the country’s defense imports are forecast to increase in the years ahead with Russia and China being the largest arms suppliers. Ships, armored vehicles and aircraft sectors dominate the Myanmarese defense imports.
New cutting-edge research study “Future of the Myanmarese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019” worked out by Strategic Defence Intelligence (SDI) presents an insightful overview of the current and historical performance of the defense industry in Myanmar as well as outlines future growth prospects of the national defense industry up to 2019.
The novel report gives a detailed analysis of the defense industry in Myanmar. It uncovers important industry performance estimates, presents an insightful overview of the key industry growth drivers and resistors; outlines the major opportunities and challenges. The topical report provides an all-round analysis of the main market sectors, evaluates the market attractiveness, covers the competitive scenario and gives data on the key market participants. Porter’s five forces analysis, data on the import/export dynamics, a snapshot of the recent industry developments and a description of the country’s business environment are available in the research study. In addition, a comprehensive five-year future outlook for the Myanmarese defense industry is provided in the cutting-edge report.
Future of the Myanmarese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2019
Published: July, 2014
Price: US$ 1,250.00
More new research reports by the publisher can be found at SDI page.