Sri Lankan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Published : Jun-2019

No. of Pages : 73

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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. Procurement Programs
3.1.2. Ongoing Procurement Programs
3.1.3. Future Procurement Programs
3.1.4. Key Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Sri Lankan defense budget to grow at a CAGR of 3.28% over 2020-2024 to value US$2.1 billion in 2024
3.2.2. The re-emergence of the LTTE and the geopolitics of the Indian Ocean, including balancing its relationships with regional superpowers, are expected to drive Sri Lankan defense expenditure
3.2.3. Sri Lankan defense expenditure as a percentage of GDP is expected to decrease to an average of 1.6% over 2020-2024
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditure's share of overall defense expenditure expected to decrease over the forecast period
3.3.2. Capital expenditure to increase at a CAGR of 2.81% over the forecast period
3.3.3. Sri Lankan Army accounts for the largest share of defense expenditure
3.3.4. Budget allocation to the army is expected to remain highest over the forecast period
3.3.5. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Sri Lankan homeland security expected to grow steadily over the forecast period
3.4.2. Maritime security, counterterrorism, and countering violent extremism are expected to drive Sri Lankan homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Sri Lankan defense budget expected to increase over the forecast period
3.5.2. Sri Lankan defense expenditure to remain low compared to major spenders in Asia-Pacific
3.5.3. Sri Lanka spent over 1.8% of its GDP on defense in 2019
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to remain low over the forecast period
4.1.2. Sri Lanka sourced the majority of its arms imports from India
4.1.3. Naval vessels dominated military hardware imports
4.2. Export Market Dynamics
4.2.1. The country exported negligible defense goods during 2014-2018
5. Market Entry Strategy
5.1. Market Regulation
5.1.1. Undisclosed FDI policy relating to defense
5.2. Market Entry Route
5.2.1. Budgeting Process
5.2.2. Procurement Policy and Process
5.2.3. Cooperative agreements and partnerships an easier way to access the Sri Lankan defense market
5.2.4. Equipment manufacturers enter the market through direct sales
6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. Gross Domestic per Capita
7.1.2. Gross Domestic Product, current US$
7.1.3. Exports of Goods and Services
7.1.4. Imports of Goods and Services
7.1.5. Gross National Disposable Income
7.1.6. Local Currency Unit per USD
7.1.7. Market Capitalization of Listed Companies
7.1.8. Market Capitalization of Listed Companies as a Percentage of GDP
7.1.9. Government Cash Surplus/Deficit as a Percentage of GDP (LCU)
7.1.10. Goods Exports as a Percentage of GDP
7.1.11. Goods Imports as a Percentage of GDP
7.1.12. Services Imports as a Percentage of GDP
7.1.13. Services Exports as a Percentage of GDP
7.1.14. Foreign Direct Investment, BoP, Current Value in US$ Billion
7.1.15. Net FDI as a Percentage of GDP
7.1.16. Mining, Manufacturing, Utilities Output
8. Appendix
8.1. About GlobalData
8.2. Disclaimer

List of Tables
Table 1: Sri Lankan Ongoing Procurement Programs
Table 2: Sri Lankan Future Procurement Programs
Table 3: Sri Lankan Defense Expenditure (LKR Billion & US$ Billion), 2015-2024
Table 4: Sri Lankan GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
Table 5: Sri Lankan Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Table 6: Sri Lankan Defense Capital Expenditure (LKR Billion and US$ Million), 2015-2024
Table 7: Sri Lankan Defense Capital Expenditure Breakdown (%), 2015-2024
Table 8: Sri Lankan Defense Budget in LKR Billion - Breakdown by Services (Army, Navy, Air Force and Others), 2015-2024
Table 9: Sri Lankan Defense Budget in US$ Million - Breakdown by Services (Army, Navy, Air Force and Others) 2015-2024
Table 10: Sri Lankan Per Capita Defense Expenditure (US$), 2015-2024
Table 11: Sri Lankan Homeland Security Expenditure (LKR Billion and US$ Million), 2015-2024
Table 12: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Table 13: Top 10 Sri Lankan Defense Market Sectors by Value (US$ Million) - 2019-2024
Table 14: Market Entry Strategies by Key Foreign Companies
Table 15: Competitive Landscape of the Sri Lankan Defense Industry

List of Figures
Figure 1: Sri Lankan Defense Budget, 2020 and 2024
Figure 2: Sri Lankan Defense Imports/Exports, 2014 and 2018
Figure 3: Sri Lanka's Top Prospective Procurements/Developments
Figure 4: Sri Lankan Defense Expenditure (LKR Billion), 2015-2024
Figure 5: Sri Lankan Defense Expenditure (US$ Billion), 2015-2024
Figure 6: Sri Lankan GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
Figure 7:Sri Lankan defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 8: Sri Lankan Defense Capital Expenditure (LKR Billion), 2015-2024
Figure 9: Sri Lankan Defense Capital Expenditure (US$ Million), 2015-2024
Figure 10: Sri Lankan Defense Budget Allocation (%), 2015-2024
Figure 11: Sri Lankan Defense Budget in LKR Billion - Breakdown by Services (Army, Navy, Air Force, and Others), 2015-2024
Figure 12: Sri Lankan Defense Budget in US$ Million - Breakdown by Services (Army, Navy, Air Force and Others) 2015-2024
Figure 13: Sri Lankan Per Capita Defense Expenditure (US$), 2015-2024
Figure 14: Sri Lankan Homeland Security Budget (LKR Billion), 2015-2024
Figure 15: Sri Lankan Homeland Security Budget (US$ Million), 2015-2024
Figure 16: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Figure 17: Defense Expenditure of the World's Largest Military Spenders (US$ Billion), 2019 and 2024
Figure 18: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 19: Sri Lankan Defense Import Trend, 2014-2018 (TIV Values)
Figure 20: Sri Lankan Defense Imports by Country (%), 2014-2018
Figure 21: Sri Lankan Defense Imports by Category (%), 2014-2018
Figure 22: Sri Lanka's Budgeting Process
Figure 23: Sri Lankan GDP Per Capita, 2016-2025
Figure 24: Sri Lankan GDP (current USD Bn), 2016-2025
Figure 25: Sri Lankan Exports of Goods and Services (LCU Bn), 2005-2010
Figure 26: Sri Lankan Imports of Goods and Services (LCU Bn), 2005-2010
Figure 27: Sri Lankan Gross National Disposable Income (USD Billion), 2005-2014
Figure 28: Sri Lankan LCU per USD, 2015-2024
Figure 29: Sri Lankan Market Capitalization of Listed Companies (USD Bn), 2005-2012
Figure 30: Sri Lankan Market Capitalization of Listed Companies as a Percentage of GDP, 2005-2012
Figure 31: Sri Lankan Government Cash Surplus/Deficit as a Percentage of GDP (LCU), 2005-2012
Figure 32: Sri Lankan Goods Exports as a Percentage of GDP, 2005-2014
Figure 33: Sri Lankan Goods Imports as a Percentage of GDP, 2005-2014
Figure 34: Sri Lankan Services Imports as a Percentage of GDP, 2005-2014
Figure 35: Sri Lankan Services Exports as a Percentage of GDP, 2005-2014
Figure 36: Sri Lankan Foreign Direct Investment, net (BoP, Current USD Bn), 2005-2014
Figure 37: Sri Lankan Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 38: Sri Lankan Mining, Manufacturing, Utilities Output (LCU Bn), 2005-2014

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Sri Lankan Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

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