Sri Lanka Defense Sector Performance Reviewed & Forecast by SDI in New Market Research Report Available at MarketPublishers.com23 Jun 2015 • by Natalie Aster
LONDON – Over the past few years, the expenditure of the defense industry in Sri Lanka posted growth of just under 4.1%, surging from USD 1.8 billion in 2011 to USD 2.1 billion in 2015. Driven by rehabilitation and demining efforts, re-emergence of terrorism, and the nation’s strained relationship with India, Sri Lanka’s defense industry is poised for robust growth moving forward, with a CAGR of 6.12%, with total costs of USD 10.7 billion expected to be spent through to 2018. By 2020-end, the country’s military expenditure is projected to grow to USD 2.9 billion, at a CAGR of 7.55% during the forecasted period. In addition, the post-LTTE Tamil movement, demonstrations and conflicts between Muslims and Buddhists, and marine safety will likely drive the country’s homeland defense spending. However, factors such as the country’s relatively small military budget as well as corruption within the defense procurement process could hinder the growth in the sector.
The Ministry of Defense is the Sri Lankan government ministry is anticipated to procure naval infrastructure and patrol vessels, fighter aircraft, and lift helicopters.
New research report “Future of the Sri Lankan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020” created by Strategic Defence Intelligence (SDI) is a source of unparalleled intelligence on Kuwait’s defense industry and market.
The study offers accurate data on the domestic market size along with information on the drivers of demand and growth stimulators in the marketplace, provides a close look at the country's modernization and spending patterns. The report sheds light on Sri Lanka’s defense budget allocations and also major challenges that the leading market players are facing with. It includes Porter's five forces analysis of the domestic defense industry. The research publication presents a clear picture of the prevalent trends in the Sri Lankan exports and imports in the past 5 years. An analysis of key defense investment opportunities over the next 10 years is included, as is a detailed examination of the competitive landscape of the national defense sector. Furthermore, the research study provides an insightful discussion of the top local and foreign industry participants, with shrewd insights such as key alliances, strategic incentives, and financials.
Future of the Sri Lankan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2020
Published: June, 2015
Price: US$ 1,250.00
More new market research studies by the publisher can be found at Strategic Defence Intelligence (SDI) page.