The collection of ‘Public Sector’ market research reports has a new addition of “Future of the Myanmar’s Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2019” on MarketReportStore.com.
Summary
The Future of the Myanmar’s Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2019 published by Strategic Defense Intelligence, provides readers with a detailed analysis of both historic and forecast Myanmar’s defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.
Key Findings
The Myanmar’s defense market, estimated to value US$2.36 billion in 2014, is expected to grow at a CAGR of 1.54% during the forecast period to value US$2.47 billion in 2019
The country's increasing military expenditure is reflected in the ongoing modernization drive to replace its aging military hardware along with a desire to build its indigenous defense industrial base
An ongoing civil war, transitioning to a semi-civilian government, and hostile relations with Bangladesh have led to the upgrade of military equipment such as fighter aircraft, and naval vessels
Over the forecast period, the country is expected to invest in multi-role aircraft, helicopters, missiles, naval vessels such as submarines and frigates, border security, and radar systems, which will drive the growth in its capital expenditure
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