How big is the Indonesia Defense Market?

The Indonesia Defense Market size is expected to reach USD 9.25 billion in 2024 and grow at a CAGR of 2.89% to reach USD 10.66 billion by 2029. Read More

What is the current Indonesia Defense Market size?

In 2024, the Indonesia Defense Market size is expected to reach USD 9.25 billion. Read More

Who are the key players in Indonesia Defense Market?

PT Pindad, PT PAL Indonesia, FINCANTIERI S.p.A., Airbus SE and PT. Dirgantara Indonesia are the major companies operating in the Indonesia Defense Market. Read More

What years does this Indonesia Defense Market cover, and what was the market size in 2023?

In 2023, the Indonesia Defense Market size was estimated at USD 8.98 billion. The report covers the Indonesia Defense Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Defense Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Indonesia Defence Industry - Report, Size & Market Revenue

Indonesia Defence Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Indonesia Defense Market is Segmented by Type (Personnel Training and Protection, Communication Systems, Weapons and Ammunition (Artillery and Mortar Systems, Infantry Weapons, Missile and Missile Defense Systems, and Ammunition) and Vehicles (Land-Based, Sea-Based, and Air-Based). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Indonesia Defense Market Industry Overview

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.