Market Research Report
The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025
|Published by||GlobalData||Product code||917367|
|Published||Content info||58 Pages
Delivery time: 1-2 business days
|The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025|
|Published: April 20, 2020||Content info: 58 Pages||
The Myanmarese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the 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 maritime and border security market over the forecast period.
The Myanmar defense budget is valued at US$2.3 billion in 2020 and registered a CAGR of -2.19% during the historic period. Myanmar was under military rule since 1962, until it emerged from five decades of economic isolation and reopened its economy in 2011. The transformation of the country from an authoritarian military regime to a civilian government has led to significant political and economic transformation. After the end of military rule, economic growth was the main objective of the Myanmarese government, which initially resulted in a limited defense budget for the country. However, due to internal conflicts within the country, border conflicts with neighbor countries, military operations in Rakhine State, and the presence of a significant number of insurgent groups, the defense expenditure is projected to grow at a steady pace over the forecast period.
This report offers detailed analysis of the Myanmarese 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 -