Market Share of Indonesia Defense Industry
Indonesia's Defense Industry is moderately fragmented. In the past, Indonesia was dependent on foreign defense contractors for the procurement of major military equipment. However, in recent years, Indonesia focused more on developing its state-owned companies. PT PAL Indonesia, PT Pindad, PT Dirgantara Indonesia, Airbus SE, FINCANTIERI SpA, and Daewoo Shipbuilding & Marine Engineering Co. Ltd are some of the prominent players in the market.
Recent multi-million-dollar contracts from the government helped the local companies to prosper. However, budget constraints can hamper the growth opportunities of these companies soon. Close relationships with other Asian countries like Japan and India helped the country's defense industry to grow and even contribute to the economy through exports. Joint defense production plans can further enhance the local defense industry supply chain in the future. Thus, as Indonesia plans for a major modernization of military equipment, there is a significant growth opportunity for defense companies to increase their presence in the Indonesian defense market.
Indonesia Defense Market Leaders
PT Pindad
PT PAL Indonesia
FINCANTIERI S.p.A.
Airbus SE
PT. Dirgantara Indonesia
*Disclaimer: Major Players sorted in no particular order
