Just Published: "Indonesia Defence & Security Report 2015"

From: Fast Market Research, Inc.
Published: Fri Sep 25 2015


Indonesia's domestic defence sector is large but needs the current modernization and reorganization efforts underway to realize its potential. The defence industry is largely state-owned, stifling innovation and preventing independent expansion. Current President Jokowi is not likely to prioritize the defence industry as much as previous President Yudhoyono, but as the government is already taking steps to improve procurement procedures and boost local industry by modernizing and re-structuring, the industry is nevertheless likely to slowly improve over the next few years. Efforts are especially being made in the Navy and Air force, and with foreign partnerships coming into place, the industry will likely have a boost regardless of the realization of the ambitious budget increase to 1.5% of GDP before 2020.

Full Report Details at
- http://www.fastmr.com/prod/1038270_indonesia_defence_security.aspx?afid=301

The economy is still under pressure, with a slower growth than President Jokowi had been expecting at 7%. The currency is still weak, and will hinder Indonesia's ability to procure foreign weaponry. Defence spending at 0.8% of GDP is still far below the target of 1.5% in addition to a weakened rupiah driving up the cost of imports. The domestic defence industry is still too immature to fulfil its demand, but the reorganization and the increasing transparency of the Department of Defence's processes will encourage both private sector interest and foreign investors to invest in Indonesia's local defence industries.

Domestically, Indonesia has some security concerns likely to spur spending over the next few years. The continued threat of terrorist activities and insurgencies mean Indonesia will have to continue its efforts of increasing the defence budget, as well as for funding in counter-terrorism. Concerns pertaining to growing Islamic militancy with the emergence of Islamic State (IS) will likely increase, making Indonesia reliant on foreign partnerships and with a need to develop the appropriate technology to counter the threats.

The Indonesia Defence & Security Report features BMI Research's independent forecasts for national and international security, the defence industry, military expenditure, employment in arms production, and arms imports and exports, as well as examining industry trends and prospects, national and multinational arms producers and the regulatory environment.

BMI's Indonesia Defence & Security Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and regional competitive intelligence on the Indonesian defence and security industry.

Key Benefits

* Benchmark BMI's independent defence and security industry forecasts on Indonesia to test other views - a key input for successful budgetary and strategic business planning in the Indonesian defence and security market.
*

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Malaysia Defence & Security Report 2015
- Slovenia Defence & Security Report 2015
- France Defence & Security Report 2015
- United Kingdom Defence & Security Report 2015
- Japan Defence & Security Report 2015

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »