Market Share of Southeast Asia Defense Industry
The Southeast Asian defense market is semi-consolidated, with local and global entities commanding substantial market shares. Key players, including Singapore Technologies Engineering Ltd, Lockheed Martin Corporation, Airbus SE, The Boeing Company, and Leonardo SpA, are at the forefront. These entities are notably focused on advancing military weaponry. Their strategies involve heavy R&D investments, integrating cutting-edge technologies like AI and IoT into military hardware, and enhancing operational efficiency. Moreover, the market is propelled by the increasing trend of long-term partnerships and contracts between defense OEMs and various armed forces.
For instance, in August 2023, Indonesia inked a deal with Lockheed Martin Corporation to procure 24 transport helicopters. The agreement, facilitated by Indonesia’s aerospace firm, Dirgantara Indonesia, underscores the nation's commitment to bolstering its military air capabilities.
Southeast Asia Defense Market Leaders
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Lockheed Martin Corporation
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Airbus SE
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The Boeing Company
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Leonardo S.p.A
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Singapore Technologies Engineering Ltd.
*Disclaimer: Major Players sorted in no particular order
