Myanmar Defense Market – Attractiveness, Competitive Landscape and Forecast to 2025

Pages: 58 Published: April 30, 2020 Report Code: GDDF0634MR

The Myanmarese Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for maritime and border security market over the forecast period.

The Myanmar defense budget is valued at US$2.3 billion in 2020 and registered a CAGR of -2.19% during the historic period. Myanmar was under military rule since 1962, until it emerged from five decades of economic isolation and reopened its economy in 2011. The transformation of the country from an authoritarian military regime to a civilian government has led to significant political and economic transformation. After the end of military rule, economic growth was the main objective of the Myanmarese government, which initially resulted in a limited defense budget for the country. However, due to internal conflicts within the country, border conflicts with neighbor countries, military operations in Rakhine State, and the presence of a significant number of insurgent groups, the defense expenditure is projected to grow at a steady pace over the forecast period.

This report offers detailed analysis of the Myanmarese defense market 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 Myanmarese defense industry market size and drivers: detailed analysis of the India's defense industry during 2021-2025, 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 with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country

– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years

– Market opportunities:list of the top ten defense investment opportunities over the next 5 years

– Competitive landscape and strategic insights: analysis of the competitive landscape of the Myanmarese defense industry.


– Myanmar's defense market is expected to grow at a CAGR of 7.62% over the forecast period.

– Rise in internal insurgencies and mordernization of armed forces are expected to drive the defense expenditure over the forecast period.

– Myanmar’s major military hardware suppliers were China, Russia, and India, during 2015-2019

Reasons to Buy

– Determine prospective investment areas based on a detailed trend analysis of the Myanmar defense market over the next five years

– Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Myanmar 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 Myanmar defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

– Channelize resources by focusing on the ongoing programs that are being undertaken by the Myanmar government

– Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available

Key Players

Myanmar Defense Industries (KaPaSa Industries)

Chengdu Aircraft Industry Group

Bharat Dynamics Limited

Larsen & Toubro

JSC Sukhoi

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

7.62% over 2021-2025

3.3. Analysis of Defense Budget Allocation

3.3.2. Capital expenditure expected to increase at CAGR of

7.46% over the forecast period

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

3.4. Homeland Security Market Size and Forecast

3.4.1. The homeland security market will record a forecast-period CAGR of


3.5. Benchmarking with Key Global Markets

3.5.1. Myanmar’s defense budget expected to grow at a CAGR of

7.62% over the forecast period

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

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

3.6. Market Opportunities: Key Trends and Growth Stimulators

3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) – Projections over period 2020-2025

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 investmentsare 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

List of Tables

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), 2016-2025

Table 4: Myanmar GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2016-2025

Table 5: Myanmar Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Table 6: Myanmar Defense Capital Expenditure (MMK Billion & US$ Billion), 2016-2025

Table 7: MyanmarPerCapita Defense Expenditure (US$), 2016-2025

Table 8: Myanmar – Homeland Security Expenditure (MMKBillion and US$ Billion), 2016-2025

Table 9: Benchmarking with Key Markets – 2016-2020 vs. 2021-2025

Table 10: Top Myanmar’s Defense Market Sectors by Value (US$ Million) – 2020-2025

Table 11: State/Region Budget Preparation Process

Table 12: Parliament Budget Reviewing Process

Table 13: Competitive Landscape of the Myanmar Defense Industry

List of Figures

List of Figures

Figure 1: Myanmar Defense Budget, 2021 and 2025

Figure 2: Myanmar Defense Imports, 2015 and 2019

Figure 3 : Myanmar’s Top Prospective Procurements/Developments

Figure 4: MyanmarAnnualDefense Expenditure (MMKBillion), 2016-2025

Figure 5: MyanmarAnnualDefense Expenditure (US$ Billion), 2016-2025

Figure 6: Myanmar GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2016-2025

Figure 7: Myanmar Defense Budget Split Between Capital and Revenue Expenditure (%), 2016-2025

Figure 8: Myanmar Defense Capital Expenditure (MMK Billion), 2016-2025

Figure 9:Myanmar Defense Capital Expenditure (US$ Billion), 2016-2025

Figure 10: Myanmar Per Capita Expenditure (US$), 2016-2025

Figure 11: Myanmar- Homeland Security Expenditure (MMKBillion), 2016-2025

Figure 12: Myanmar – Homeland Security Expenditure (US$ Billion), 2016-2025

Figure 13: Benchmarking with Key Markets – 2016-2020 vs. 2021-2025

Figure 14: Defense Expenditure of the World’s Largest Military Spenders (US$ Billion), 2020 and 2025

Figure 15: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2020

Figure 16: Myanmar Defense Imports (US$ Million), 2015-2019

Figure 17: Myanmar Defense Imports by Country (%), 2015-2019

Figure 18: Myanmar Defense Imports by Weapon Category (%), 2015-2019

Figure 19:Myanmar GDP Per Capita, 2015-2025

Figure 20: Myanmar GDP, Current Prices (in US$ Billion), 2015-2025

Figure 21: Myanmar Gross National Disposable Income (US$ Billion), 2005-2013

Figure 22:Local Currency Unit per US$- Exchange Rate , 2016-2025

Figure 23: Myanmar Goods Exports as a Percentage of GDP, 2005-2013

Figure 24: Myanmar Goods Imports as a Percentage of GDP, 2005-2013

Figure 25: Myanmar Service Imports as a Percentage of GDP, 2005-2013

Figure 26: Myanmar Service Exports as a Percentage of GDP, 2005-2013

Figure 27: Myanmar Foreign Direct Investment, Net (current US$ Billion), 2005-2013

Figure 28: Myanmar Net Foreign Direct Investment as a Percentage of GDP, 2005-2013

Figure 29:Myanmar Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

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