Pakistani Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Table of Contents

LIST OF FIGURES

LIST OF TABLES

1. Introduction

• 1.1. What is this Report About?
• 1.2. Definitions
• 1.3. Summary Methodology
• 1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

• 3.1. Current Market Scenario
  • 3.1.1. Primary threat perception
  • 3.1.2. Military Doctrine & Strategy
  • 3.1.3. Procurement Programs
  • 3.1.4. Ongoing procurement programs
  • 3.1.5. Future procurement programs
  • 3.1.6. Top Procurement Programs by Value (US$ Million) 2019-2024
  • 3.1.7. Geopolitical, Social and Economic Scenario
  • 3.1.8. Political & Strategic Alliances
• 3.2. Defense Market Size Historical and Forecast
  • 3.2.1. Pakistani annual defense expenditure to reach US$10.9 billion by 2024
  • 3.2.2. Territorial disputes and the war against terrorism expected to drive defense expenditure
  • 3.2.3. The country’s defense expenditure as a percentage of GDP to increase over 2020-2024
• 3.3. Analysis of Defense Budget Allocation
  • 3.3.1. Capital expenditure share to average 37.8% during the forecast period
  • 3.3.2. Capital expenditure to record a CAGR of 6.43% over 2020-2024
  • 3.3.3. Pakistan Defense Procurement Scenario
  • 3.3.4. Budget allocation for the army to be highest over the forecast period
  • 3.3.5. Defense expenditure allocation for the army expected to increase over the forecast period
  • 3.3.6. Per capita defense expenditure expected to increase during the forecast period
  • 3.3.7. Homeland Security Market Size and Forecast
  • 3.3.8. Allocation for the police forms the major component of homeland security expenditure
  • 3.3.9. Measures to curb organized crime and cyber-attacks will drive homeland security expenditure
• 3.4. Benchmarking with Key Global Markets
  • 3.4.1. Pakistani defense expenditure expected to record a CAGR of 6.48% over 2020-2024
  • 3.4.2. Pakistani defense expenditure is low compared to other Asian defense spenders
  • 3.4.3. Pakistan’s defense expenditure is anticipated to reach 2.4% of GDP in 2024
• 3.5. Market Opportunities: Key Trends and Growth Stimulators
  • 3.5.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over period 2019-2024
  • 3.5.2. Fighter and multi-role aircraft
  • 3.5.3. Frigates
  • 3.5.4. Land-Based C4ISR

4. Defense Procurement Market Dynamics

• 4.1. Import Market Dynamics
  • 4.1.1. Defense imports projected to increase over the forecast period
  • 4.1.2. China and the US were the leading suppliers of arms to Pakistan during 2014-2018
  • 4.1.3. Aircraft and armored vehicles accounted for the majority of defense imports between 2014 and 2018
• 4.2. Export Market Dynamics
  • 4.2.1. DEPO expected to start defense exports

5. Industry Dynamics

• 5.1. Five Forces Analysis
  • 5.1.1. Bargaining power of the supplier: low to medium
  • 5.1.2. Bargaining power of the buyer: high
  • 5.1.3. Barriers to entry: medium to high
  • 5.1.4. Intensity of rivalry: low to medium
  • 5.1.5. Threat of substitution: low to medium

6. Market Entry Strategy

• 6.1. Market Regulation
  • 6.1.1. Defense procurements assigned to DGDP and DGMP
  • 6.1.2. Pakistani government updated Offset Act for defense equipment procurements
• 6.2. Market Entry Route
  • 6.2.1. Budgeting Process
  • 6.2.2. Procurement Policy & Process
  • 6.2.3. Foreign firms enter the Pakistani defense industry through Foreign Military Sales (FMS)
  • 6.2.4. Collaborations and joint ventures - a viable market entry route
• 6.3. Key Challenges
  • 6.3.1. Corruption in the Pakistani defense sector hinders its growth
  • 6.3.2. Unstable political system coupled with internal instability discourages foreign participation
  • 6.3.3. Economic crisis in Pakistan is expected to act as major restrain to the growth of defense industry over the forecast period

7. Competitive Landscape and Strategic Insights

• 7.1. Competitive Landscape Overview
  • 7.1.1. Foreign suppliers manufacture defense systems overseas and deliver to Pakistan
  • 7.1.2. Growing domestic defense industry is predominantly state run
• 7.2. Key Domestic Companies
• 7.3. Key Foreign Companies

8. Business Environment and Country Risk

• 8.1. Economic Performance

9. Appendix

• 9.1. About GlobalData