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

Region:Asia

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Product Code:GDDF0609MR

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Published on

December 2019

Total pages

142

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About the Report

About the Report

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

Summary

The Future of Pakistani Defense Industry-Market Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, 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, it provides an in-depth analysis of the following-

- Pakistani defense industry market size and drivers: detailed analysis of Pakistani defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country's expenditure and modernization patterns

- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget. It also details the key challenges faced by defense market participants within the country

- Porter's Five Force analysis of Pakistani defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry

- Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years

- Market opportunities: details of the top five defense investment opportunities over the next 10 years

- Competitive landscape and strategic insights: analysis of the competitive landscape of Pakistanin defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

- One of the most attractive defense markets in South Asia, Pakistan is anticipated to invest USD 48.6 billion cumulatively over the forecast period, compared to USD 42.3 billion spent during 2015-2019. Expenditure is anticipated to focus more on the procurement of equipment to augment air defense capabilities, enhance the operational capabilities of the current fleet of naval vessels, and better communication and surveillance systems.

- The share of capital expenditure as a percentage of overall defense expenditure is anticipated to rise from an average of 36.8% during 2015-2019 to 37.8% over the forecast period.

- The Pakistani MoD is expected to invest in land based C4ISR, conventional diesel electric submarine, multirole aircraft, airborne C4ISR, missile defense system, attack helicopters, Main Battle Tanks (MBT), corvettes MRO, and frigates.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of Pakistani defense industry market trends for the coming five years

- The market opportunity section will inform the user 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

- 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 the user with a total competitive landscape of the sector

- A deep qualitative analysis of Pakistani defense industry covering sections including demand drivers, Porter's Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

Products

Products

Defense, budget, offset, regulation, capital expenditure, homeland, drivers, market opportunities, procurement, entry route, key challenge, announcements, alliances, contract awards, financial analysis, business environment


Companies

Karachi Shipyard & Engineering Works (KSEW)

Pakistan Aeronautical Complex (PAC)

Pakistan Ordnance Factories (POF)

Pakistan Space and Upper Atmosphere Research Commission (SUPARCO)

Heavy Industries Taxila (HIT)

The Heavy Mechanical Complex (HMC)

Surveillance and Target Unmanned Aircraft (SATUMA)

Boeing

Raytheon

Lockheed Martin

Chengdu Aircraft Industry Group

Turkish Aerospace Industries (TAI)

Aselsan

Table of Contents

Table of Contents

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 (USD 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 USD 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 (USD 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

9.2. Disclaimer


List of Figure

List of Figures

Figure 1: Pakistan Defense Budget, 2020 and 2024

Figure 2: Pakistan Defense Imports, 2014 and 2018

Figure 3: Pakistan National Security Threats

Figure 4 : Pakistan's Top Prospective Procurements/Developments

Figure 5: Pakistan's Partner Countries for Defense Cooperation and Military Training

Figure 6: Pakistan-Defense Expenditure (PKR Billion), 2015-2024

Figure 7: Pakistan-Defense Expenditure (USD Billion), 2015-2024

Figure 8: Pakistan-US Military and Security Aid (USD Million), 2015-2019

Figure 9: Pakistan-Defense Expenditure Including US Aid (USD Billion), 2015-2019

Figure 10: Pakistan-Defense Budget Excluding US Aid (USD Billion) vs Pakistani Defense Expenditure Including US Aid (USD Billion), 2015-2019

Figure 11: Pakistan-GDP Growth vs. Defense Expenditure as Percentage of GDP Growth, 2015-2024

Figure 12: Pakistan-Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024

Figure 13: Pakistan-Defense Capital Expenditure (PKR Billion), 2015-2024

Figure 14: Pakistan-Defense Capital Expenditure (USD Billion), 2015-2024

Figure 15: Pakistan-Defense Expenditure Breakdown (%), 2015-2024

Figure 16: Pakistan-Defense Expenditure Allocation by Service (PKR Billion), 2015-2024

Figure 17: Pakistan-Defense Expenditure Allocation by Service (USD Billion), 2015-2024

Figure 18: Pakistan-Per Capita Defense Expenditure (USD ), 2015-2024

Figure 19: Pakistan-Homeland Security Budget (PKR Billion), 2015-2024

Figure 20: Pakistan-Homeland Security Budget (USD Billion), 2015-2024

Figure 21: Benchmarking with Key Markets-2015-2019 vs 2020-2024

Figure 22: Defense Expenditure of the World's Largest Military Spenders (USD Billion), 2019 and 2024

Figure 23: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019

Figure 24: Pakistan-Fighter and Multirole Aircraft Market Size (USD Million), 2019-2024

Figure 25: Pakistan-Frigates MRO Market Size (USD Million), 2019-2024

Figure 26: Pakistan-Land-Based C4ISR Market Size (USD Million), 2019-2024

Figure 27: Top Pakistani Defense Procurements in Terms of Their Supplier Relationships

Figure 28: Pakistan-Defense Import Trend (USD Million), 2014-2018 (TIV Values)

Figure 29: Pakistan-Defense Imports by Country (%), 2014-2018

Figure 30: Pakistan-Defense Imports by Category (%), 2014-2018

Figure 31: Industry Dynamics Porter's Five Forces Analysis

Figure 32: Pakistan-Defense Procurements System, 2019

Figure 33: Pakistan Budgeting Process

Figure 34: The Pakistani Defense Market Share Analysis, 2019-2024

Figure 35: Boeing-Revenue Trend Analysis (USD Billion), 2014-2018

Figure 36: Boeing-Operating Profit Trend Analysis (USD Billion), 2014-2018

Figure 37: Boeing-Net Profit Trend Analysis (USD Billion), 2014-2018

Figure 38: Raytheon-Revenue Trend Analysis (USD billion), 2014-2018

Figure 39: Raytheon-Operating Profit Trend Analysis (USD billion), 2012-2016

Figure 40: Raytheon-Net Profit Trend Analysis (USD billion), 2012-2016

Figure 41: Lockheed Martin Corp.-Revenue Trend Analysis (USD billion), 2014-2018

Figure 42: Lockheed Martin Corp.-Operating Profit Trend Analysis (USD billion), 2014-2018

Figure 43: Lockheed Martin Corp.-Net Profit Trend Analysis (USD billion), 2014-2018

Figure 44: Pakistan-GDP Per Capita (USD ), 2015-2025

Figure 45: Pakistan-GDP, Current Prices (USD Billion), 2015-2025

Figure 46: Pakistan-Export of Goods and Services (LCU Billion), 2005-2014

Figure 47: Pakistan-Imports of Goods and Services (LCU), 2005-2014

Figure 48: Pakistan-Local Currency per USD Exchange Rate, 2015-2024

Figure 49: Pakistan-Market Capitalization of Listed Companies (USD Billion), 2005-2012

Figure 50: Pakistan-Market Capitalization of Listed Companies (% of GDP), 2005-2012

Figure 51: Pakistan-Government Cash Surplus/Deficit as a Percentage of GDP, 2005-2013

Figure 52: Pakistan-Goods Exports as a Percentage of GDP, 2005-2014

Figure 53: Pakistan-Goods Imports as a Percentage of GDP, 2005-2014

Figure 54: Pakistan-Service Imports as a Percentage of GDP, 2005-2014

Figure 55: Pakistan-Service Exports as a Percentage of GDP, 2005-2014

Figure 56: Pakistan-Foreign Direct Investment (USD Billion), 2005-2014

Figure 57: Pakistan-Net Foreign Direct Investment as a Percentage of GDP, 2005-2014

Figure 58: Pakistan-Mining, Manufacturing, Utilities Output (PKR Billion), 2005-2014


List of Table

List of Tables

Table 1: Pakistan-Ongoing Procurement Programs, 2019

Table 2: Pakistan-Future Procurement Programs, 2019

Table 3: Pakistan-Defense Procurement Programs by Value (USD Million), 2019-2024

Table 4: Pakistani Defense Cooperation

Table 5: Pakistani Military Training Exercises

Table 6: Pakistan-Defense Expenditure (PKR Billion & USD Billion), 2015-2024

Table 7: Pakistan-Defense Expenditure Including US Aid, 2015-2019

Table 8: Pakistan-GDP Growth vs. Defense Expenditure as a Percentage of GDP, 2015-2024

Table 9: Pakistan-Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024

Table 10: Pakistan-Defense Capital Expenditure (PKR Billion & USD Billion), 2015-2024

Table 11: Pakistan-Defense Capital Expenditure Breakdown (%), 2015-2024

Table 12: Pakistan-Defense Budget in PKR Billion, by Service (PKR Billion / %), 2015-2024

Table 13: Pakistan-Defense Budget in USD Billion-Breakdown by Services (Army, Navy, Air Force and Others) 2015-2024

Table 14: Pakistan-Per Capita Defense Expenditure (USD ), 2015-2024

Table 15: Pakistan-Homeland Security Expenditure (PKR Billion / USD Billion), 2015-2024

Table 16: Benchmarking with Key Markets-2015-2019 vs. 2020-2024

Table 17: Pakistan-Defense Market Sectors by Value (USD Million), 2019-2024

Table 18: Offset Multiplier Categories

Table 19: FMS route followed by Foreign Companies

Table 20: Market Entry Strategies by Key Foreign Companies

Table 21: Key Foreign Companies and Operations in Pakistan's Defense Industry

Table 22: Top Defense Suppliers in Pakistan's Defense Industry-By Value (USD Million) 2019-2024

Table 23: Competitive Landscape of Pakistan's Defense Industry

Table 24: Karachi Shipyard & Engineering Works-Product Focus

Table 25: Karachi Shipyard & Engineering Works-Alliances

Table 26: Karachi Shipyard & Engineering Works-Recent Contract Wins

Table 27: Pakistan Aeronautical Complex-Product Focus

Table 28: Pakistan Aeronautical Complex-Alliances

Table 29: Pakistan Aeronautical Complex-Recent Contract Wins

Table 30: Pakistan Ordnance Factories-Product Focus

Table 31: Pakistan Ordnance Factories-Alliances

Table 32: Pakistan Ordnance Factories-Recent Contract Wins

Table 33: Pakistan Space and Upper Atmosphere Research Commission-Product Focus

Table 34: Pakistan Space and Upper Atmosphere Research Commission-Alliances

Table 35: Pakistan Space and Upper Atmosphere Research Commission-recent contract wins

Table 36: Heavy Industries Taxila-product focus

Table 37: Heavy Industries Taxila-alliances

Table 38: Heavy Industries Taxila-recent contract wins

Table 39: The Heavy Mechanical Complex-product focus

Table 40: The Heavy Mechanical Complex-alliances

Table 41: SATUMA-product focus

Table 42: SATUMA-recent contract wins

Table 43: Boeing-Product Focus

Table 44: Boeing-Recent Contract Wins

Table 45: Raytheon-Product Focus

Table 46: Raytheon-Recent Contract Wins

Table 47: Lockheed Martin-Product Focus

Table 48: Lockheed Martin-alliances

Table 49: Lockheed Martin-Recent Contract Wins

Table 50: Chengdu Aircraft Industry Group-Product Focus

Table 51: Chengdu Aircraft Industry Group-Alliances

Table 52: Chengdu Aircraft Industry Group-Recent Contract Wins

Table 53: Turkish Aerospace Industries (TAI)-Main Products

Table 54: Turkish Aerospace Industries (TAI)-Alliances

Table 55: Turkish Aerospace Industries (TAI)-Recent Contract Wins

Table 56: Aselsan-Main Products

Table 57: Aselsan-Alliances

Table 58: Aselsan-Recent Contract Wins

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