Future of the Myanmar Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2022

Press Release

The Future of the Myanmar Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022, published by Strategic Defence Intelligence, 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 Myanmar 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 defense industry market size and drivers: detailed analysis of the Myanmar defense industry during 2018-2022, 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 Myanmar 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 Myanmar defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

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– The Myanmar’s defense budget values US$2.15 billion in 2017, and registered a CAGR of 0.76% during the historic period. The urgent need to modernize the country’s defense arsenal, especially in the wake of the current European migration crisis and Russia military aggression in Ukraine has woken the concerned authorities to the possibility of an armed conflict in Europe. Coupled with the country’s participation in peacekeeping operations and counter terrorism, this has driven the Myanmar defense expenditure during the historic period.
– The capital expenditure allocation, which declined at an average of -5.2% during the historic period, is expected to increase significantly by an average of 12.4% during the forecast period. Key opportunities for equipment suppliers are expected in sectors such as military radar, transport aircraft, infantry vehicles, and military helicopters.
– The MoD expected to invets in ammunition, weaponry, and equipment including new types of armament, new multi-role helicopters, infantry fighting vehicles, and air defense systems

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

Companies Mentioned:
Myanmar Defense Industries (DI)

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Table of Contents

1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 9
1.4. About Strategic Defence Intelligence 10

2. Executive Summary 11

3. Market Attractiveness and Emerging Opportunities 13
3.1. Current Market Scenario 14
3.1.1. Primary threat perception 14
3.1.2. Military Doctrine & Strategy 15
3.1.3. Military Fleet Size 17
3.1.4. Procurement Programs 20
3.1.5. Social, Political and Economic Environment & Support for Defense Projects 21
3.1.6. Political & Strategic Alliances 22
3.2. Defense Market Size Historical and Forecast 24
3.2.1. Myanmar defense expenditure is expected to grow at CAGR of 4.84% over 2018-2022 24
3.2.2. Modernization of Myanmar Navy, an ongoing insurgencies and ethnic conflicts expected to drive defense expenditure over the forecast period 26
3.2.3. Myanmar’s defense expenditure as a percentage of GDP expected to decrease marginally over the forecast period 28
3.3. Analysis of Defense Budget Allocation 30
3.3.1. Share of capital & revenue expenditure is anticipated to remain steady over forecast period 30
3.3.2. Capital expenditure expected to increase at CAGR of 5.25% over the forecast period 32
3.3.3. Myanmar to spend US$1.66 billion cumulatively on revenue expenditure over the forecast period 34
3.3.4. Per capita defense expenditure set to increase over the forecast period 36
3.3.5. Myanmar faces significant risk from insurgent groups and ethnic conflicts 38
3.3.6. Myanmar falls under “highly affected” terrorism category 39
3.3.7. Myanmar has a terrorism index score of “4.2” 41
3.4. Benchmarking with Key Global Markets 42
3.4.1. Myanmar’s defense budget expected to grow at a slower rate than its neighbors over the forecast period 42
3.4.2. Myanmarese defense expenditure is low compared to other Asian countries 44
3.4.3. Myanmar allocates a higher share of GDP for defense compared to other Asian Countries 45
3.5. Market Opportunities: Key Trends and Growth Stimulators 46
3.5.1. Submarines 46
3.5.2. Multi-role Aircraft 47
3.5.3. Corvette 48

4. Defense Procurement Market Dynamics 49
4.1. Import Market Dynamics 50
4.1.1. Defense imports are expected to recover over the forecast period 50
4.1.2. China and Russia emerged as the largest suppliers of arms 51
4.1.3. Armoured vehicles and aircraft dominate military hardware imports 52
4.2. Export Market Dynamics 53
4.2.1. Myanmar’s domestic defense manufacturing is still in a nascent stage 53

5. Industry Dynamics 54
5.1. Five Forces Analysis 54
5.1.1. Bargaining power of supplier: high 55
5.1.2. Bargaining power of buyer: low 55
5.1.3. Barrier to entry: high 55
5.1.4. Intensity of rivalry: low to medium 55
5.1.5. Threat of substitution: low to medium 55

6. Market Entry Strategy 56
6.1. Market Regulation 56
6.1.1. Myanmar currently does not permit investment in the defense industry 56
6.2. Market Entry Route 56
6.2.1. Budget process 56
6.2.2. Procurement Policy & Process 58
6.2.3. Government-to-government contracts are the preferred market entry route for equipment manufacturers 58
6.2.4. Closer military co-operation provides opportunity to enter into defense market 58
6.3. Key Challenges 59
6.3.1. A closed economy discourages related investment and market growth 59
6.3.2. Limited defense budget discourages investors from market entry 59

7. Competitive Landscape and Strategic Insights 60
7.1. Competitive Landscape Overview 60
7.2. Key Domestic Company 60
7.2.1. Myanmar Defense Industries (KaPaSa Industries): overview 60
7.2.2. Myanmar Defense Industries: products and services 60
7.2.3. Myanmar Defense Industries: recent announcements and strategic initiatives 61

8. Business Environment and Country Risk 62
8.1. Economic Performance 62
8.1.1. GDP Per Capita 62
8.1.2. GDP, Current Prices 63
8.1.3. Gross National disposable income (USD Billion) 64
8.1.4. Local Currency Unit per US Dollar 65
8.1.5. Goods exports as a percentage of GDP 66
8.1.6. Goods imports as a percentage of GDP 67
8.1.7. Service Imports as a percentage of GDP 68
8.1.8. Service exports as a percentage of GDP 69
8.1.9. Net Foreign direct investment (BoP, current US$ Bn) 70
8.1.10. Net foreign direct investment as % of GDP 71
8.1.11. Mining, Manufacturing, Utilities Output (LCU Billion) 72

9. Appendix 73
9.1. About SDI 73
9.2. Disclaimer 73

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