Market Overview

The Future of the Bangladeshi Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 -


The "Future
of the Bangladeshi Defense Industry - Market Attractiveness, Competitive
Landscape and Forecasts to 2023"
report has been added to's

This report provides readers with detailed analysis of both historic and
forecast defense industry values, factors that influence demand for the
industry, key market trends, and challenges faced by industry

Bangladesh is an emerging market-based economy, which aims to
significantly develop its economic, social, and human infrastructure to
transform itself into a prosperous country over the coming decades. To
protect itself from external threats and maintain internal stability,
the government allocated an average of 1.3% of its GDP towards defense
purposes during the historic period. Over the forecast period, the
country's defense budget is anticipated to value US$24.3 billion


  • The Bangladeshi government has been steadily increasing its defense
    budget. Defense expenditure registered a CAGR of 10.72% during
  • The country allocated US$2.3 billion to its defense sector in 2014,
    which increased to US$3.5 billion in 2018.
  • This trend is expected to continue during the forecast period, owing
    to the government's well-defined military modernization plans to
    better equip its armed forces.
  • Over the forecast period, the defense budget is projected to increase
    from US$3.9 billion in 2019 to US$6 billion in 2023, at a CAGR of
    11.6%. Despite a rapidly growing population, the country's per capita
    defense expenditure is also expected to increase from US$23.1 in 2019
    to US$34.4 in 2023.

Companies Featured

  • Bangladesh Ordnance Factory
  • Leonardo
  • Airbus Helicopters SAS

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Attractiveness & Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Competitive Landscape & Strategic Insights

7. Business Environment & Country Risk

For more information about this report visit

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