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Future of the Bangladesh Defense Industry 2017- By Plan Future Business Decisions Using the Forecast Figures

Future of the Bangladesh Defense Market Analysis 2017 (By Segment, Key Players and Applications) and Forecasts To 2022

PUNE, INDIA, November 21, 2017 /EINPresswire.com/ -- Bangladeshi defense imports expected to increase during the forecast period
As Bangladesh has only two state-controlled defense equipment manufacturing units, the country has no other option but to import military hardware from foreign defense operators. As such, arms imports have increased from 2014, due to the government’s extensive military upgrade programs. China the leading arms exporter to Bangladesh, primarily due to strong diplomatic relations between the two governments, and this is expected to remain the same over the forecast period. Bangladesh is also expected to import defense equipment from Russia, as it is the second largest arms exporter to Bangladesh. In 2017, the Bangladesh Air Force (BAF) ordered five Mil Mi-171Sh helicopters from Bangladesh Helicopters. The deal is the part of the government’s initiative to upgrade the Bangladesh Air Force.


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Foreign firms enter the market through government deals and joint collaborations
Bangladesh has not disclosed any offset policies and foreign direct investment (FDI) regulations related to its defense sector. As its domestic defense industry is still developing, its fails to fulfill the country’s requirements, which lead to the Bangladeshi government entering into defense equipment procurement contracts with the governments of other nations. Bangladesh also encourages the formation of joint ventures with foreign defense operators.

Small defense budget and corruption restricts defense sector growth
In comparison to countries with high defense expenditure, Bangladesh’s defense budget, which is estimated at US$3.3 billion in 2017, is small. Furthermore, the country is expected to allocate US$778.1 million towards the acquisition of military hardware systems, which limits the possibility of significant investment in the procurement of advanced defense systems. Corrupt practices within the defense procurement process also further restrict growth in the domestic defense industry.

Table of Content: Key Points
1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 9
1.4. About Strategic Defence Intelligence 10
2. Executive Summary 11
3. Market Attractiveness and Emerging Opportunities 13
3.1. Current Market Scenario 14
3.1.1. Primary Threat Perception 14
3.1.2. Military Doctrine & Strategy 16
3.1.3. Military Fleet Size 17
3.1.4. Procurement Programs 21
3.1.5. Social, Political and Economic Environment & Support for Defense Projects 23
3.1.6. Political and Strategic Alliances 24
3.2. Defense Market Size Historical and Forecast 25
3.2.1. The Bangladeshi defense budget is expected to reach US$5.4 billion by 2022, at a CAGR of 10.36% 25
3.2.2. Military modernization and peacekeeping missions are expected to drive defense expenditure over the forecast period 27
3.2.3. Bangladeshi defense expenditure as a percentage of GDP set to increase over the forecast period 29
3.3. Analysis of Defense Budget Allocation 31
3.3.1. Capital expenditure allocation is expected to increase slightly over the forecast period 31
3.3.2. Need to replace obsolete equipment to drive defense capital expenditure 33
3.3.3. Need to replace obsolete equipment to drive defense expenditure 35
3.3.4. Budget allocation on army is expected to remain highest over the forecast period 37
3.3.5. Per capita defense expenditure expected to increase over the forecast period 41
3.4. Homeland Security Market Size and Forecast 42
3.4.1. Bangladeshi homeland security expenditure is expected to grow at a CAGR of 11.99% over the forecast period 42
3.4.2. Measures to combat drug smuggling and human trafficking are expected to drive Bangladeshi homeland security expenditure 44
…Continued

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