The Sri Lankan defense industry is anticipated to record a CAGR of over 8% over the next five years, according to a new study on ASDReports

Friday 18 July 2014, Amsterdam

Report description overview:

The new report now available on ASDReports, provides readers with a detailed analysis of both historic and forecast Sri Lankan defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news. Gain information about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period

The difference:

• Gain detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins and financial analysis wherever available. This will provide you with a total competitive landscape of the sector.
• Provides user confidence to make the correct business decisions based on a detailed analysis of the Sri Lankan defense industry market trends for the coming five years.
• Understand the various military requirements which are expected to generate revenues during the forecast period.

Report Highlight:

Defense expenditure is expected to increase moderately during the forecast period, creating opportunities for suppliers across all major military platforms. Sri Lankan defense expenditure is anticipated to grow from just under US$2 billion in 2014 to reach over US$2 billion by 2019, growing at a CAGR of over 8% during forecast period.
 The country’s increasing military expenditure will primarily be driven by the need to rebuild its armed forces to counter the threat of re-emergence of the separatist militant organization, de-mining, and rehabilitation in the Northern Province, which is largely undertaken by the country’s military forces.

The country is expected to strengthen its maritime security and surveillance to counter problems of counter-terrorism, piracy, oil pollution spills, and illegal drug and arms trafficking. Capital expenditure is anticipated to grow due to the country’s procurement plans during the forecast period. The various military equipment expected to be procured over the forecast period include transport helicopters, multi-role fighter aircraft, armored vehicles, unmanned aerial vehicles, and mine-resistant, ambush-protected (MRAP) vehicles and offshore patrolling vehicles (OPVs), among many others.