Myanmar Defense Market – Attractiveness, Competitive Landscape and Forecast to 2024

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Published: November 30, 2019 Report Code: GDDF0598MR-ST

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Myanmarese Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Myanmarese Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2024 defense industry 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 Myanmar's defense industry market size and drivers: detailed analysis of the Myanmarese defense industry during 2020-2024, 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. It also details the key challenges faced by defense market participants within the country
– Porter’s Five Force analysis of the Myanmarese defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
– Market opportunities: details of the top five defense investment opportunities over the next 10 years
– Competitive landscape and strategic insights: analysis of the competitive landscape of the Myanmarese defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

– The Myanmar defense budget is valued at US$2.14 billion in 2019 and registered a CAGR of -2.81% during the historic period. The country is currently in the midst of a political transformation as historically, Myanmar was ruled by the army, but is now being run by a civilian government.

– The country’s capital expenditure allocation, which stood at an average of 43.1% during the historic period, is anticipated to increase significantly to an average of 43.5% during the forecast period. This increase is primarily due to the procurement of advanced defense equipment and a focus on increasing the capabilities of the country’s indigenous defense industry.

– The MoD expected to invets in submarines, multi-role aircraft, maritime surveillance and detection and corvettes, among others.

Reasons to Buy

– This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Myanmar defense industry market trends for the coming five years

– The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period

– Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector

– A deep qualitative analysis of the Myanmar defense industry covering sections including demand drivers, Porter’s Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

Myanmar Defense Industries (DI)
Chengdu Aircraft Industry Group
Pakistan Aeronautical Complex (PAC)
Bharat Dynamics Limited
Larsen & Tubro
Bharat Electronics Limited
Yakolev

Table of Contents

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

5.93% over 2020-2024

3.3. Analysis of Defense Budget Allocation

3.3.1. Capital expenditure’s share of total expenditure to increase considerably over the forecast period

3.3.2. Capital expenditure expected to increase at CAGR of

6.04% over the forecast period

3.3.3. Per capita defense expenditure set to increase over the forecast period

3.4. Benchmarking with Key Global Markets

3.4.1. Myanmar’s defense budget expected to grow at a slower rate than its neighbors over the forecast period

3.4.2. Myanmar’s defense expenditure is low compared to other Asian countries

3.4.3. Myanmar allocates a larger share of its GDP to defense compared to other Asian countries

3.5. Market Opportunities: Key Trends and Growth Stimulators

3.5.1. Top 10 Defense Market Sectors by Value (US$ Million) – Projections over period 2019-2024

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 investments are 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

8.2. Disclaimer

Table

List of Tables

Table 1: Myanmar – Ongoing Development and Procurement Programs (US$)

Table 2: Myanmar – Future Procurement Programs

Table 3: Myanmar Defense Expenditure (MMK Billion & US$ Billion), 2015-2024

Table 4: Myanmar GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024

Table 5: Myanmar Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024

Table 6: Myanmar Defense Capital Expenditure (MMK Billion & US$ Billion), 2015-2024

Table 7: Myanmar Per Capita Defense Expenditure (US$), 2015-2024

Table 8: Benchmarking with Key Markets – 2015-2019 vs. 2020-2024

Table 9: Top Myanmar’s Defense Market Sectors by Value (US$ Million) – 2019-2024

Table 10: State/Region Budget Preparation Process

Table 11: Parliament Budget Reviewing Process

Table 12: Competitive Landscape of the Myanmar Defense Industry

Figures

List of Figures

Figure 1: Myanmar Defense Budget, 2020 and 2024

Figure 2: Myanmar Defense Imports, 2014 and 2018

Figure 3 : Myanmar’s Top Prospective Procurements/Developments

Figure 4: Myanmar Annual Defense Expenditure (MMR Billion), 2015-2024

Figure 5: Myanmar Annual Defense Expenditure (US$ Billion), 2015-2024

Figure 6: Myanmar GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2015-2024

Figure 7: Myanmar Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024

Figure 8: Myanmar Defense Capital Expenditure (MMK Billion), 2015-2024

Figure 9: Myanmar Defense Capital Expenditure (US$ Billion), 2015-2024

Figure 10: Myanmar Per Capita Expenditure (US$), 2015-2024

Figure 11: Benchmarking with Key Markets – 2015-2019 vs. 2020-2024

Figure 12: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2019 and 2024

Figure 13: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019

Figure 14: Myanmar Defense Imports (US$ Million), 2014-2018

Figure 15: Myanmar Defense Imports by Country (%), 2014-2018

Figure 16: Myanmar Defense Imports by Weapon Category (%), 2014-2018

Figure 17: Myanmar GDP Per Capita, 2015-2025

Figure 18: Myanmar GDP, Current Prices (in US$ Billion), 2015-2025

Figure 19: Myanmar Gross National Disposable Income (US$ Billion), 2005-2013

Figure 20: Local Currency Unit per US$ – Exchange Rate , 2015-2024

Figure 21: Myanmar Goods Exports as a Percentage of GDP, 2005-2013

Figure 22: Myanmar Goods Imports as a Percentage of GDP, 2005-2013

Figure 23: Myanmar Service Imports as a Percentage of GDP, 2005-2013

Figure 24: Myanmar Service Exports as a Percentage of GDP, 2005-2013

Figure 25: Myanmar Foreign Direct Investment, Net (current US$ Billion), 2005-2013

Figure 26: Myanmar Net Foreign Direct Investment as a Percentage of GDP, 2005-2013

Figure 27: Myanmar Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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