Malaysia Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
Summary
Malaysia Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
In 2022, the Malaysian government allocated $3.9 billion to its total defense budget, recording a CAGR of 0.2% during 2018-22. The country's defense budget is expected to grow at an estimated CAGR of 5.3% over the forecast period to reach $5.2 billion in 2027. The acquisition budget for 2022 is $1.2 billion and anticipated to be $1.7 billion in 2027, growing at a CAGR 4.5% over the forecast period. During the historic period, Malaysia spent $18.3 billion, whereas over the forecast period, it is expected to spend $23.5 billion. The budget for 2023 is $4.3 billion.
This report offers detailed analysis of the Malaysia defense market 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.
Key Highlights
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook