DUBLIN--(BUSINESS WIRE)--Aug 30, 2018--The "Future of the Bangladeshi Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

This report provides readers with detailed analysis of both historic and forecast defense industry values, factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

Bangladesh is an emerging market-based economy, which aims to significantly develop its economic, social, and human infrastructure to transform itself into a prosperous country over the coming decades. To protect itself from external threats and maintain internal stability, the government allocated an average of 1.3% of its GDP towards defense purposes during the historic period. Over the forecast period, the country's defense budget is anticipated to value US$24.3 billion cumulatively.

Scope

The Bangladeshi government has been steadily increasing its defense budget. Defense expenditure registered a CAGR of 10.72% during 2014-2018. The country allocated US$2.3 billion to its defense sector in 2014, which increased to US$3.5 billion in 2018. This trend is expected to continue during the forecast period, owing to the government's well-defined military modernization plans to better equip its armed forces. Over the forecast period, the defense budget is projected to increase from US$3.9 billion in 2019 to US$6 billion in 2023, at a CAGR of 11.6%. Despite a rapidly growing population, the country's per capita defense expenditure is also expected to increase from US$23.1 in 2019 to US$34.4 in 2023.

Companies Featured

Bangladesh Ordnance Factory Leonardo Airbus Helicopters SAS

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Attractiveness & Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Competitive Landscape & Strategic Insights

7. Business Environment & Country Risk

For more information about this report visit https://www.researchandmarkets.com/research/ntcrmq/the_future_of_the?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180830005727/en/

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Related Topics:Military Aerospace and Defense

KEYWORD: BANGLADESH ASIA PACIFIC

INDUSTRY KEYWORD: DEFENSE OTHER DEFENSE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/30/2018 02:17 PM/DISC: 08/30/2018 02:17 PM

http://www.businesswire.com/news/home/20180830005727/en