Future of the Myanmarese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• Over the historic period, Myanmar’s defense expenditure registered growth of 9.61%, increasing from US$2 billion in 2011 to US$2.8 billion in 2015

• Myanmar’s military expenditure, valued at US$2.8 billion in 2015, is expected to increase to US$3.7 billion by 2020, registering a CAGR of 5.64% over the forecast period

• Myanmarese military expenditure will be driven by the country’s need to ensure a smooth political transition, the civil war prevailing in the country, and a dispute with Bangladesh over the control of oil and gas reserves along its maritime boundaries

• The Defense Ministry is expected to procure multi-role aircraft, military infrastructure and border security, and naval vessels”

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample