Massive Budget Allocation for Refurbished Capabilities Paves Growth Horizons in Bangladeshi Defense Industry

Published on : Sep 03, 2018

Albany, New York, September 3, 2018: Budget allocation for Bangladeshi defense capabilities has been witnessing prominent surge over the years, considering its long-term objective in support of well-equipped and modern military capabilities. A newly added research report titled, ‘Future of the Bangladeshi Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023’ included in the fast expanding database of Market Research Hub (MRH) collates crucial developments in Bangladeshi defense industry and their resultant impact on the holistic growth roadmap.

Bangladesh Defense Industry Encounters Growth Possibilities with Increased Foreign Investment

Repeated security breach and increased tensions owing to recurrent terrorist attacks have encouraged significant defense expenditure. Led by a poor local supply chain of armaments and equipment, Bangladeshi defense industry is solely reliant on increased foreign contracts and supplies. Thorough investment in several sectors such as defense equipment, navy vessels, communication tools, helicopters, and security infrastructure are some core priorities that drive investment in Bangladeshi defense industry. Series of MoUs with countries such as India and Russia are expected to pave new growth horizons in Bangladeshi defense industry.

Leonardo Adds Two Additional Helicopters to diversify Bangladeshi Defense Industry

As part of its objective to diversify and consolidate its presence in Bangladeshi defense industry market, leading Italian conglomerate Leonardo has recently made announcements for supplying additional helicopters to Bangladeshi airways, Bashundhara. The latter will procure Leonardo's AW109 and AW119Kx helicopters intended for multiple utility such as surveillance and transport. Leonardo is an established supplier of advanced helicopters to Bangladeshi Air Force, already supplying two engine AW 139 and AW109M.

To spearhead new developments and modernization in Bangladeshi defense industry, the country has made significant investments to procure warning and control aircraft from Airbus. The new buy is expected to facilitate new improvements in its early warning and control (AEW&C) to enhance surveillance aided by advanced radars that offer superior tracking functionality. With this latest development, Bangladeshi defense industry is expected to scale up its defense mechanism over foes.

Further into the report, readers are able to procure vital details pertaining to various factors and segments that facilitate growth in Bangladeshi defense industry. This section of the report also entails crucial insights on various segments that trigger growth in Bangladeshi defense industry, besides allowing readers to identify the segment responsible for maneuvering growth in Bangladeshi defense industry. Additionally, the report also presents key insights on various business tactics and tools administered by core companies across regions and their resultant impact on end-user response.

Competition Spectrum: Bangladeshi Defense Industry

Based on unbiased, detailed research findings collated in the report, readers are enabled to procure key insights on various business tactics and tricks implemented by core market players and their eventual impact on end-user response consisting of desirable end-user response such as their buying discretion and behavior. New and existing market players can facilitate in-depth analysis of these strategies to procure core deductions based on which market players can demonstrate profit driven marketing plans that seal their lead and improve revenue streams in Bangladeshi defense industry. Core players identified in Bangladeshi defense industry include, Leonardo, Airbus Helicopters, and Bangladesh Machine Tools Factory

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