Pakistani Defense Market Expected to Spend US $48.5 Billion on Defense During the Forecast Period, 2020-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 23, 2020--
The “Pakistani Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024” report has been added to ResearchAndMarkets.com’s offering.
Pakistan is expected to spend US$48.5 billion on defense over 2020-2024 to manage internal instability and bolster its defense capabilities with respect to India. The country’s total defense budget, excluding US aid has increased at sluggish rate over 2015-2019, with a CAGR of 0.69%, the country invested US$7.6 billion in the defense sector in 2015, which further increased to US$7.8 billion in 2019. The defense budget of Pakistan decreased drastically from US$9.4 billion in 2018 to US$7.8 billion due to economic instability and turmoil which has resulted in depreciation of Pakistani currency against US dollar.
Between 2015 and 2019, Pakistan’s average capital expenditure allocation was 36.8% of the total defense budget, while its revenue expenditure allocation was 63.2%. The country’s military hardware upgrade strategies are expected to increase the average capital allocation to 37.8% over the forecast period. Pakistan’s homeland security (HLS) expenditure, targeted towards the prevention of drug smuggling, human trafficking, robbery, corruption, and cyber-attacks, is on the increase due to the growing instances of criminal and illicit activities within the nation. HLS expenditure, valued at US$1.0 billion in 2019, grew from US$0.9 billion in 2015, at a CAGR of 2.68%.
Pakistan’s domestic defense industry is able to fulfill the majority of the national requirements for low and mid-market technology defense systems, but is largely unable to supply technologically advanced defense systems. US was once biggest exporter of arms to the Pakistan however the rising tensions between these two countries has considerably affected the weapons sales. From 2014-2018 there is large reduction in the arms transfer between these two countries. However, the Pakistani export market is set to gradually grow over the forecast period, as the country begins to develop high quality indigenous defense systems.
The report The Future of Pakistani Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024 provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news. This report offers detailed analysis of Pakistani defense industry 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, the report The Future of Pakistani Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024 provides an in-depth analysis of the following -
Reasons to buy
Key Topics Covered:
1.1. What is this Report About?
1.3. Summary Methodology
1.4. About the Author
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.2. Defense Market Size Historical and Forecast
3.3. Analysis of Defense Budget Allocation
3.4. Benchmarking with Key Global Markets
3.5. Market Opportunities: Key Trends and Growth Stimulators
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.2. Export Market Dynamics
5. Industry Dynamics
5.1. Five Forces Analysis
6. Market Entry Strategy
6.1. Market Regulation
6.2. Market Entry Route
6.3. Key Challenges
7. Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Domestic Companies
7.3. Key Foreign Companies
8. Business Environment and Country Risk
8.1. Economic Performance
For more information about this report visit https://www.researchandmarkets.com/r/40xd5b
View source version on businesswire.com:https://www.businesswire.com/news/home/20200123005595/en/
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KEYWORD: ASIA PACIFIC PAKISTAN
INDUSTRY KEYWORD: OTHER DEFENSE DEFENSE
SOURCE: Research and Markets
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PUB: 01/23/2020 11:15 AM/DISC: 01/23/2020 11:15 AM