Market Share of Indonesia Defense Industry
Indonesia's defense market is semi-consolidated. In the past, Indonesia depended on foreign defense contractors to procure major military equipment. However, in recent years, Indonesia has focused more on developing its state-owned companies. PT PAL Indonesia, PT Pindad, PT Dirgantara Indonesia, Airbus SE, and FINCANTIERI SpA are some of the major players in the market.
Recent defense 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 grow and contribute to the economy through exports. Joint defense production plans can further enhance the future supply chain of the local defense industry. Thus, as Indonesia plans for a major military equipment modernization, defense companies have a significant growth opportunity to increase their presence in the Indonesian defense market.
Indonesia Defense Market Leaders
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PT Pindad
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PT PAL Indonesia
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FINCANTIERI S.p.A.
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Airbus SE
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PT. Dirgantara Indonesia
*Disclaimer: Major Players sorted in no particular order
