DUBLIN--(BUSINESS WIRE)--The "Future of the Sri Lankan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The Future of the Sri Lankan Defense Industry Market Attractiveness, Competitive Landscape and Forecasts to 2023 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.
The Sri Lankan defense budget is valued at US$1.9 billion in 2018, and registered a CAGR of -1.35% during the historic period. The post-war rehabilitation, threat of the re-emergence of LTTE affiliates, and a tense relationship with India drove the Sri Lankan defense expenditure during the historic period. With this trend expected to continue over the forecast period.
The capital expenditure allocation, which stood at an average of 12.1% during the historic period, is expected to decrease to an average of 8.4% during the forecast period. This is primarily due to the procurement of advanced defense equipment and focus on increasing the indigenous defense manufacturing capabilities.
Key opportunities for equipment suppliers are expected in sectors such as patrol vessels and naval infrastructure, combat aircraft, and transport helicopters. Consequently, revenue expenditure is expected to increase from an average of 87.9% during the historic period to an average of 91.6% over the forecast period, which will be directed towards additional recruitment, training, and development programs for military personnel.
The MoD is expected to invest in Infrastructure development, Facilities management and MRO for patrol vessels and corvettes.
- Colombo Dockyard PLC (CDPLC)
Key Topics Covered
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
4. Defense Procurement Market Dynamics
5. Industry Dynamics
6. Market Entry Strategy
7. Competitive Landscape and Strategic Insights
8. Business Environment and Country Risk
For more information about this report visit https://www.researchandmarkets.com/research/92swqq/sri_lankan?w=4