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

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

Indonesia's defense expenditure grew from $8.2 billion in 2019 to $8.8 billion in 2023, reflecting a CAGR of 1.9% during 2019-23. Over the forecast period, the defense budget is anticipated to reach $9.7 billion in 2028 from $8.9 billion in 2024, registering a CAGR of 2.2%. The increase in budget is primarily driven by the need to upgrade the country's existing arsenal of armed forces, its participation in peacekeeping missions, and its territorial dispute with neighboring regions.

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.

Key Highlights

• In 2023, the Indonesian government allocated $8.8 billion to its total defense budget, recording a CAGR of 1.9% during 2019-23. The country's defense budget is expected to grow at an estimated CAGR of 2.2% over the forecast period to reach $9.7 billion in 2028.
• During 2017-24, Indonesia plans to modernize its armed forces and aims to establish 'Minimum Essential Forces', a strategy for establishing a force structure consisting of key military capabilities to maintain adequate levels of operational readiness to rapidly deploy forces in case of national contingencies. The MoD is conducting organizational reforms and undertaking major procurement programs.
• Military Fixed Wing Aircraft, Naval Vessels and Surface Combatants and Missiles and Missile Defense Systems are three of the largest sectors within the Indonesia's defense market. Military fixed-wing is the largest sector within the Indonesia's defense market and is cumulatively valued at $22.7 billion over 2023-28. Transport aircraft segment, the fastest growing segment within this sector is the only segment contributing to the growth of this sector.

Scope

This report offers a detailed analysis of the Indonesia 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:

• Indonesia defense budget: detailed analysis of the Indonesia 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 the process is explained. This is coupled with an analysis of the Indonesia military doctrine and strategy to provide a comprehensive overview of Indonesia's military regulation.
• Security Environment: political alliances and perceived security threats to Indonesia are examined; there help to explain trends in spending and modernization.
• Competitive landscape and strategic insights: analysis of the competitive landscape of Indonesia's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Indonesia 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 Indonesia 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 Indonesia 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 Indonesia 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