Myanmar Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026

Myanmar Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2026 report provides the market size forecast and the projected growth rate for the next five years. The report covers 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 military platforms over the forecast period.

Myanmar’s defense budget is valued at $2.4 billion in 2021 and registered a CAGR of 2.7% during the historic period. Myanmar was under military rule from 1962 to 2011, when it emerged from five decades of economic isolation and reopened its economy. However, due to internal conflicts within the country, border conflicts with neighboring countries, military operations in Rakhine State, and the presence of a significant number of insurgent groups, defense expenditure is projected to grow at a steady pace over the forecast period, at a CAGR of 2.3% to reach $2.7 billion in 2026.

This report offers detailed analysis of Myanmar 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.

Drivers of Defense expenditure include Ethnic conflicts and insurgencies and Modernization of Myanmar's navy. Major ongoing procurement programs include procurement of JF-17, Fast Attack Craft Missile (FAC-M), Su-30.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

In particular, it provides an in-depth analysis of the following:

• Myanmar defense budget: detailed analysis of Myanmar FY2021 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 Myanmar military doctrine and strategy to provide a comprehensive overview of Myanmar military regulation.
• Security Environment: political alliances and perceived security threats to Myanmar are examined; there help to explain trends in spending and modernisation.
• 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 the Myanmar defense industry.

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
• Channel 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