Indonesia Defense Market to Grow at a CAGR of 2.97% during 2024-2032, Stimulated by Rising Defense Investments

December 18, 2023 | Aerospace and Defense

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According to the latest report by IMARC Group, titled “Indonesia Defense Market Report by Type (Personnel Training and Protection, Communication Systems, Weapons and Ammunitions, Vehicles), and Region 2024-2032,” the Indonesia defense market is expected to exhibit a CAGR od 2.97% during 2024-2032. Defense, in the context of military and security, is a multifaceted concept encompassing a wide array of measures, strategies, and systems aimed at safeguarding a nation's sovereignty, citizens, and interests from external threats or aggression. It operates through a combination of deterrent capabilities, military forces, and diplomatic efforts. It serves several crucial purposes, including deterring potential adversaries, responding to attacks if necessary, and maintaining peace and stability. One of the primary functions of defense is to act as a deterrent, dissuading potential aggressors from initiating hostilities. The advantages of a robust defense posture are numerous, such as it provides security to a nation's citizens, ensuring their safety and well-being. It also safeguards critical infrastructure, such as energy facilities, transportation networks, and communication systems, which are vital for the functioning of modern societies. Additionally, a strong defense can deter potential adversaries from pursuing hostile actions, thereby reducing the likelihood of conflict and its devastating consequences.

Indonesia Defense Market Trends:

The Indonesia defense market is influenced by several key drivers, such as the need to safeguard the country's maritime borders and resources against potential threats. In line with this, internal security challenges, such as terrorism and separatist movements, contribute to the demand for defense capabilities, which is boosting the market growth. These challenges necessitate investments in intelligence, surveillance, and reconnaissance (ISR) systems, as well as counter-terrorism measures. Additionally, the need to replace aging military equipment and keep pace with technological advancements is another growth-inducing factor. As Indonesia aspires to become a regional maritime power, it seeks to enhance its naval and air capabilities, leading to increased defense expenditure. Additionally, the country's commitment to regional security cooperation, such as its involvement in ASEAN and partnerships with other nations, is bolstering the market growth. Furthermore, the escalating demand for self-reliance in defense production has surged the need to develop indigenous defense industries, which is favoring the market growth in the country.

Market Summary:

Based on the type, the market has been segmented into personnel training and protection, communication systems, weapons and ammunitions (artillery and mortar systems, infantry weapons, missile and missile defense systems, and ammunitions), and vehicles (land-based vehicles, sea-based vehicles, and air-based vehicles).
On regional basis, the market has been segmented into Java, Sumatra, Kalimantan, Sulawesi, and Others.
The competitive landscape of the market has been examined in the report, along with the detailed profiles of the major players operating in the industry.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Type Region
Types Covered	Personnel Training and Protection Communication Systems Weapons and Ammunitions: Artillery and Mortar Systems, Infantry Weapons, Missile and Missile Defense Systems, Ammunitions Vehicles: Land-based Vehicles, Sea-based Vehicles, Air-based Vehicles
Regions Covered	Java, Sumatra, Kalimantan, Sulawesi, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Indonesia Defense Market to Grow at a CAGR of 2.97% during 2024-2032, Stimulated by Rising Defense Investments

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