Pakistan Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

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Pakistan Defense Market Report Overview

The Pakistan defense budget is worth $8.3 billion in 2023, and, is anticipated to register a CAGR of more than 2% during 2024-2028. The key areas of procurement include combat aircraft, missile systems, and naval vessels. The majority of Pakistan’s defense budget is allocated to defense services, with a small amount for defense administration.

The failure of the peace process with India has compelled Pakistan to maintain a robust defense posture and increase defense spending.

Pakistan Defense Market Outlook, 2023-2028 ($ Billion)

Pakistan Defense Market Outlook, 2023-2028 ($ Billion)

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The Pakistan defense budget market research report provides the market size forecast and the projected growth rate for the next five years. It also covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Defense Budget (2023) $8.3 Billion
CAGR (2024-2028) >2%
Forecast Period 2024-2028
Historical Period 2019-2023
Key Segment ·       Missile and Missile Defense Systems

·       Military Fixed-Wing Aircraft

·       Naval Vessels and Surface Combatants

·       Tactical Communications Systems

·       EO/IR Systems

·       Military Radar

·       Electronic Warfare Systems

·       Underwater Warfare Systems

·       INS GNSS

Leading Companies ·       Pakistan Telecommunication Co Ltd

·       Aquarius Groups of Industries

·       Crossworld Solutions

·       eWorld (Pvt.) Limited

·       Heavy Industries Taxila Corp

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Pakistan Defense Market Drivers

Territorial disputes is expected to propel the spending on the defense sector in Pakistan.

  • Pakistan has traditionally had a hostile relationship with India. It is also engaged in territorial disputes with Afghanistan over Durand line territory. To maintain a strong force foothold in the territorial region, Pakistan has been increasing its defense expenditure.
  • Focus on developing an indigenous defense industry is also expected to support market growth in the coming years.

Pakistan Military Doctrines and Defense Strategies

India’s strong economic growth and large defense budget enable it to procure advanced warfare systems from foreign suppliers such as Russia and Western countries. Indian armed forces outnumber their Pakistani counterparts by more than a factor of two and they have advanced warfare systems in their inventory. The Indian military superiority has a considerable effect on Pakistani military doctrine and strategy.

As part of the Riposte strategy, Pakistani strike corps are expected to play a pivotal role in the offensive and defensive operations. Of the nine-army corps, six are permanently stationed in proximity to the “Line of Control” with India. The primary mission assigned to these army corps is to counter Indian armed forces; however, Pakistan has periodically dispatched and redeployed these units to carry out counterinsurgency operations in tribal regions. Pakistani Army I and II Corps are essentially armored strike corps specifically equipped to punch a hole in Indian defenses and penetrate deep within the Indian Territory as part of Riposte’s strategy.

Pakistan Defense Market Segmentation by Segment

The military fixed-wing aircraft is the largest sector within the Pakistan defense market in 2023.

The key segments in the Pakistan defense market are missile and missile defense systems, military fixed-wing aircraft, naval vessels and surface combatants, tactical communications systems, EO/IR Systems, military radar, electronic warfare systems, underwater warfare systems, and INS GNSS among others. To fulfill the needs of Pakistan’s Air Force and operate a cost-effective combat aircraft fitted with the latest avionics and weapons, the Pakistan Aeronautical Complex (PAC), in co-operation with Chengdu Aircraft Corporation (CAC) of China, is developing the JF-17 Block III. The jet is capable of carrying air-to-air and air-to-surface missiles and can conduct aerial reconnaissance and ground-attack operations.

Pakistan Defense Market Analysis by Segment, 2023 (%)

Pakistan Defense Market Analysis by Segment, 2023 (%)

Pakistan Air Force is in the process of procurement of around 50 improved Block III standards of JF-17.

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Pakistan Defense Market - Competitive Landscape

Pakistan is in talks with China to purchase FC-31 multirole aircraft.

Some of the leading defense companies operating in Pakistan are Pakistan Telecommunication Co Ltd, Aquarius Groups of Industries, Crossworld Solutions, eWorld (Pvt.) Limited, and Heavy Industries Taxila Corp among others. Chengdu Aircraft Industrial (Group) Co. Ltd. (Chengdu Aircraft) is a fighter plane manufacturing company, based in Pakistan. The company designs, develops, manufactures, and supplies fighter planes for the aviation industry. Its aircraft models include Xiaolong/ FC-1, FT-5, J7FS, J7MG, and J7E. Chengdu Aircraft also manufactures non-aviation products, including electronic diesel engines, pump assembly products, diesel engine electronic control units, and pump fuel injection systems.

Pakistan Defense Market Analysis by Players, 2023 (%)

Pakistan Defense Market Analysis by Players, 2023 (%)

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Segments Covered in the Report

Pakistan Defense Segment Outlook (Value, $ Billion, 2019-2028)

  • Missile and Missile Defense Systems
  • Military Fixed-Wing Aircraft
  • Naval Vessels and Surface Combatants
  • Tactical Communications Systems
  • EO/IR Systems
  • Military Radar
  • Electronic Warfare Systems
  • Underwater Warfare Systems


The report provides a detailed analysis of Pakistan’s defense market with market size forecasts covering the next five years. The 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 –

  • Pakistan defense budget: detailed analysis of Pakistan 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Regulation: the procurement policy and process is explained. This is coupled with an analysis of Pakistan military doctrine and strategy to provide a comprehensive overview of Pakistan military procurement regulation.
  • Security Environment: political alliances and perceived security threats to Pakistan are examined; there help to explain trends in spending and modernization.
  • Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years.
  • Competitive landscape and strategic insights: analysis of the competitive landscape of Pakistan’s defense industry.

Key Highlights

• Drivers of Defense expenditure include Territorial disputes, Developing an indigenous defense industry

• Major ongoing procurement program include procurement of FD–2000, J-10C, PAC PF-X

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Pakistan defense market over the next five years.
  • Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Pakistan 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 Pakistan defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Pakistan government.
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.

To know about our Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at GlobalData.

Chengdu Aircraft Industrial (Group) Co. Ltd.
Pakistan Aerospace Science and Industry Corporation
Shenyang Aircraft Corporation

Table of Contents

  • 1. Executive Summary
  • 2. Defense Budget Assessment

    • 2.1. Budgeting Process
    • 2.2. Defense Market Size Historical And Forecast
    • 2.3. Drivers Of Defense Expenditure
    • 2.4. Analysis of Defense Expenditure Allocation
    • 2.5. Analysis Of Defense Budget Allocation

  • 3. Military Doctrine And Security Environment

    • 3.1. Military Doctrine And Strategy
    • 3.2. Strategic Alliances and Geopolitics
    • 3.3. Political, Social, and Economic Scenario

  • 4. Market Entry Strategy And Regulations

    • 4.1. Defense Procurement Bodies
    • 4.2. Trade Associations and Defense Clusters
    • 4.3. Procurement Policy and Market Regulations
    • 4.4. Market Entry Routes
    • 4.5. Key Challenges
    • 4.6. Major Deals and M&A

  • 5. Market Attractiveness And Emerging Opportunities

    • 5.1. Market Attractiveness
    • 5.2. Top Sectors in the Pakistan Defense Market
    • 5.3. Top Defense Segments By Value

  • 6. Defense Platform Acquisitions

    • 6.1. Defense Platform Acquisitions By Value
    • 6.2. FC-31
    • 6.3. FD–2000
    • 6.4. J-10C
    • 6.5. PAC PF-X
    • 6.6. Jinnah-class

  • 7. Fleet Size
  • 8. Competitive Landscape

    • 8.1. Defense Companies Operating in Pakistan
    • 8.2. Main Defense Companies

  • 9. Appendix

    • 9.1. About This Report
    • 9.2. About Us
    • 9.3. Contact Us

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