Future of the Indonesia Defense Industry to 2022 - Market Attractiveness, Competitive Landscape and Forecasts - Research and Markets

The "Future of the Indonesia Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.

Indonesia, the world's sixteenth largest economy, is currently one of the most attractive defense markets in South Asia but recorded a CAGR of -0.22% during 2013-2017 to reach US$8.7 Billion in 2017.

Indonesian defense market, is anticipated value US$10.1 Billion in 2018, is expected to grow at a CAGR of 14.38% during the forecast period to value US$17.2 Billion in 2022. The economy has been growing at an average rate of 2.72% historically, and this has fueled defense expenditure in the country. Furthermore, the growth in defense spending is also driven by the need to modernize the Indonesian armed forces under the Strategic Plan 2024.

The Indonesian MoD is expected to increase its capital expenditure from US$3.5 Billion in 2017 to US$7.6 Billion in 2022 in an effort to modernize its armed forces and support existing projects. Various procurements, which have led to the increase in capital budget allocation, include Sukhoi Su-30MK2s aircraft, Su-27 SKM, and Su-35 fighters, AS565 Panther anti-submarine warfare (ASW) helicopters, hang Bogo-class tactical submarines, two landing ship tanks (LSTs), AH-64 Apache Longbow gunship helicopters, and German Leopard tanks.

Homeland security is an area that has gained prominence in Indonesia over the last decade, with expenditure expected to increase from US$6.4 Billion in 2018 to US$9.6 Billion in 2022 at a CAGR of 10.46%. The increasing expenditure is stimulated by initiatives to counter the growing threat of terrorism, and to control piracy and illegal fishing, illegal immigration, drug smuggling, and criminal activities in the country.

Furthermore, this is anticipated to result in increased demand for maritime surveillance and security equipment, cameras, airport security, biometric systems, and video-surveillance systems to mitigate security threats from internal and external sources.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Market Entry Strategy

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

9. Appendix

Companies Mentioned

  • Dok & Perkapalan
  • PAL Indonesia
  • PT Dahana
  • PT Dirgantara
  • PT Multiintegra
  • PT Pindad
  • PT SOG
  • Radar and Communications Systems

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