Descriptions
Product Synopsis
This report is the result of ICD Research's extensive market and company research covering the Malaysian defense industry. It provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news
Introduction and Landscape
Why was the report written?
The Malaysian Defense Industry - Market Opportunities, Entry Strategies, Analyses and Forecasts to 2016 offers the reader insights into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Malaysian defense industry.
What is the current market landscape and what is changing?
During the review period, Malaysian military expenditure recorded a CARC of -3.14% and stood at a total of US$3.51 billion in 2011. Over the forecast period, the country's defense spending is expected to record a CAGR of 9.4% to reach a projected value of US$5.46 billion in 2016. This anticipated increase in defense expenditure will be driven by the fact that Malaysia is located in an unstable region, the country's involvement with Singapore in competitive arms procurement, its strained relationship with Indonesia and its involvement in peacekeeping missions. Furthermore, to compensate for historically low levels of defense expenditure, Malaysia is expected to make a significant investment in the modernization of its armed forces over the forecast period. Over the forecast period, Malaysian homeland security expenditure is expected to record a CAGR of 8.6% as a result of an increase in religious tensions and criminal activity in the country. Moreover, to control mass protests and prevent criminal activities, investment is expected in surveillance technologies, ballistic identification systems and anti-riot equipment.
What makes this report unique and essential to read?
The Malaysian Defense Industry - Market Opportunities, Entry Strategies, Analyses and Forecasts to 2016 provides detailed analysis of the current industry size and growth expectations from 2011 to 2016, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
Key Report Features
Market opportunity and attractiveness
The report provides detailed analysis of the current industry size and growth expectations from 2011 to 2016, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides detailed understanding of emerging opportunities in specific areas.
Procurement dynamics
The report includes trend analysis of imports and exports, together with its implications and impact on the Malaysian defense industry.
Industry structure
The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
Market entry strategy
The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances and strategic initiatives.
Competitive landscape and strategic insights
The report helps the reader to understand the competitive landscape of the defense industry in Malaysia. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives and a brief financial analysis.
Key Market Issues
Malaysia relies on foreign suppliers to meet domestic defense demand
Despite the global economic slowdown in 2009, Malaysian defense imports registered an annual volume increase of 191.5%. During 2005-2010, Russia was the country's largest arms supplier, followed by Germany, France and Spain. As Malaysia maintains good relations with the world's arms supplying countries, the Malaysian defense industry is accessible to foreign companies worldwide. This is vital as, thanks to Malaysia's low defense budget and limited scope for investment in research, development and the acquisition of new technology, the country's military industrial base is severely undeveloped, with negligible defense exports. This situation is expected to continue over the forecast period, resulting in Malaysia continuing to rely on defense imports. These imports are expected to be concentrated on ships and aerial surveillance systems as a result of an increased focus on combating maritime security threats.
The country's offset policy requires companies to invest 50% of the contract value into the Malaysian economy
In an attempt to both reduce the country's dependence on foreign arms supply and enhance domestic defense capabilities, the Malaysian government has implemented mandatory offsets for all defense procurements exceeding US$13.2 million. As a result of the country's focus on the development of a self-reliant domestic defense industry, direct offsets are preferred. Moreover, the country's offset policy requires foreign investors to invest a minimum of 50% of the contract value into the Malaysian economy, and half of the total offset value may take the form of countertrade or agreements to purchase Malaysian goods. Furthermore, foreign companies must also pay 5% of the total contract value at the beginning of the agreement, as protection against the non- or under-performance of the offset obligation. Multipliers are decided on an individual case basis and are only granted if the Malaysian government considers local companies, universities or research and development organizations able to utilize the technology transferred.
Strategic alliances with domestic firms or the establishment of a subsidiary within the country are popular entry strategies
To aid the development of the domestic defense industry, the Malaysian government encourages foreign investors to enter the country's defense industry through partnerships with domestic defense companies. Consequently, a number of foreign companies have entered the Malaysian defense industry through the establishment of a wholly-owned Malaysian subsidiary, with a notable example being Rohde and Schwarz, an electronics manufacturer based in Germany, which used this entry route to enter the country in 2004. In 2010, the company formed an alliance with a domestic company. Furthermore, the country hosts two defense exhibitions biennially, providing foreign manufacturers the opportunity to market and sell products within the country.
Limited defense budget, corruption and lack of transparency deter investors
In comparison with most other countries, the Malaysian defense budget is relatively low. Moreover, in 2011, the country only a small percentage of this amount for the acquisition of military hardware, a figure which limits the possibilities of significant investment in the procurement of advanced defense systems. Also, the lack of transparency during the contract bidding process leads to high levels of corruption throughout the procurement process, with the absence of an external monitoring agency also contributing to the limited transparency of defense deals. Finally, the involvement of domestic brokers obtaining commission on the sale of foreign military goods also has a negative impact on the domestic defense industry.
Increasing religious tensions expected to fuel homeland security expenditure
Although Malaysia's large and religiously diverse population has traditionally lived peacefully and been praised as an exemplar of a tolerant society, tension between the different religious groups within the country increased markedly during the review period. In total, the country's population stands at 28 million, with approximately 60% being practicing Muslims, 20% being practicing Buddhists, 9% being practicing Christians, 6.3% being practicing Hindus and the remainder practicing Confucianism, Taoism and other Chinese religions. Recently however, tensions have been rising between the Malaysian Government and the country's two million Hindus, with the government wanting to demolish unregistered Hindu temples, an act Hindus perceive as desecration of Hindu deities. Furthermore, religious intolerance is steadily increasing within the country, and is being fuelled by a number of inflammatory actions. A notable example of this occurred in 2009, when a cow's head, a sacred animal in the Hindu faith, was severed and displayed at the head of a procession in order to protest against the proposed relocation of a temple. This incident increased the chance of violent confrontations in the country and it is this risk that is forcing the government to enhance its homeland security in order to maintain law and order.
Key Highlights
Defense expenditure correlated to Malaysian economic growth
Between 2007 and 20011, Malaysia's GDP recorded a CAGR of 6.7%, and the country's defense expenditure recorded a CAGR of 2.3%. Moreover, in 2009, the country's GDP fell by 8.7%, resulting in the country's defense expenditure falling by 11.3%.
Military expenditure as a percentage of GDP expected to decline as a result of budget deficit reduction efforts
During the review period, average Malaysian defense expenditure as a percentage of GDP stood at 1.8%, a figure expected to decline to an average of 1.5% during the forecast period. This decline will be caused by the efforts of the Malaysian Government to reduce the country's budget deficit from 7% of GDP in 2010, to less than 3% in 2016.
Share of capital expenditure expected to marginally decrease over the forecast period
Historically, revenue expenditure has accounted for the majority of Malaysian defense expenditure, with the Malaysian Government spending an average of 74% on revenue expenditure during the review period, as compared to an average of 26% on capital expenditure. Over the forecast period, this trend is expected to continue, with the capital expenditure allocation projected to decrease to an average of 24%, as financial constraints from the global economic crisis are anticipated to force the country to postpone a number of its key defense acquisition plans. However, with the Malaysian economy expected to grow at an average of 8% between 2012 and 2016, the overall spending power of the country is expected to increase.
Defense imports recorded robust growth during the last three years
From 2005 to 2010, Malaysian defense imports recorded a CAGR of 67.76%, with imports increasing by 26% in 2010 alone. Throughout the forecast period, arms imports are anticipated to continue to rise as the country focuses on the upgrade of its armed forces.
Table of Contents
1 Introduction
- 1.1 What is this Report About?
- 1.2 Definitions
- 1.3 Summary Methodology
- 1.4 ICD Research Terrorism Index
- 1.5 About ICD Research
- 1.6 About Strategic Defense
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
- 3.1 Defense Market Size Historical and Forecast
- 3.1.1 Malaysian defense expenditure expected to record a CAGR of XX% over the forecast period
- 3.1.2 Defense expenditure driven by an unstable location, competitive arms acquisitions, the strained relationship with Indonesia, peacekeeping missions and historically low levels of expenditure
- 3.2 Analysis of Defense Budget Allocation
- 3.2.1 Share of capital expenditure expected to marginally decrease over the forecast period
- 3.2.2 Defense expenditure correlated to Malaysian economic growth
- 3.3 Homeland Security Market Size and Forecast
- 3.3.1 The country's homeland security expenditure is expected to record a CAGR of XX% over the forecast period
- 3.3.2 Homeland security expenditure expected to be driven by religious tensions and increasing criminal activity
- 3.4 Benchmarking with Key Global Markets
- 3.4.1 Malaysian defense expenditure expected to remain low in comparison with world's leading military spenders
- 3.4.2 On a global scale, Malaysian defense expenditure is comparatively low
- 3.4.3 Malaysia ranked fourteenth among the largest arms importing countries during the review period
- 3.4.4 Military expenditure as a percentage of GDP expected to decline as a result of budget deficit reduction efforts
- 3.4.5 Malaysia faces moderate terror threat
- 3.5 Market Opportunities: Key Trends and Drivers
- 3.5.1 Demand for maritime defense equipment expected to increase
- 3.5.2 Air defense systems expected to experience considerable increase in demand
- 3.5.3 Demand for armored vehicles expected to increase
- 3.5.4 Demand is expected to increase for technology that caters to border security
4 Defense Procurement Market Dynamics
- 4.1 Import Market Dynamics
- 4.1.1 Lack of domestic defense capabilities expected to drive imports
- 4.1.2 Defense imports recorded robust growth during the last three years
- 4.1.3 Ships and aircrafts constitute the majority of Malaysia's defense imports
- 4.2 Export Market Dynamics
- 4.2.1 Malaysia has limited export capabilities
5 Industry Dynamics
- 5.1 Five Forces Analysis
- 5.1.1 Bargaining power of supplier: low to high
- 5.1.2 Bargaining power of buyer: high to low
- 5.1.3 Barrier to entry: medium
- 5.1.4 Intensity of rivalry: medium to high
- 5.1.5 Threat of substitution: high
6 Market Entry Strategy
- 6.1 Market Regulation
- 6.1.1 Malaysian Government encourages offsets to develop the domestic defense industry
- 6.2 Market Entry Route
- 6.2.1 Partnerships with domestic defense firms or the establishment of a wholly-owned subsidiary constitute preferred entry routes
- 6.2.2 Defense exhibitions provide straightforward entry route for foreign OEMs
- 6.3 Key Challenges
- 6.3.1 Limited defense budget discourages investors from market entry
- 6.3.2 Corruption and lack of transparency deter defense industry growth
- 6.3.3 Project delays restrict investors
- 6.3.4 Mandated use of local representatives limits the growth of the domestic defense industry
7 Competitive Landscape and Strategic Insights
- 7.1 Competitive Landscape Overview
- 7.2 Key Foreign Companies
- 7.2.1 Agusta Westland Malaysia Sdn Bhd: overview
- 7.2.2 Agusta Westland Malaysia Sdn Bhd: products and services
- 7.2.3 Agusta Westland Malaysia Sdn Bhd: recent announcements and strategic initiatives
- 7.2.4 Agusta Westland Malaysia Sdn Bhd: alliances
- 7.2.5 Agusta Westland Malaysia Sdn Bhd: recent contract wins
- 7.2.6 Agusta Westland Malaysia Sdn Bhd: financial analysis
- 7.3 Key Public Sector Companies
- 7.3.1 SME Ordnance Sdn Bhd: overview
- 7.3.2 SME Ordnance Sdn Bhd: products and services
- 7.3.3 SME Ordnance Sdn Bhd: recent announcements and strategic initiatives
- 7.3.4 SME Ordnance Sdn Bhd: alliances
- 7.3.5 SME Ordnance Sdn Bhd: recent contract wins
- 7.3.6 SME Ordnance Sdn Bhd: financial analysis
- 7.3.7 SME Aerospace Sdn Bhd: overview
- 7.3.8 SME Aerospace Sdn Bhd: products and services
- 7.3.9 SME Aerospace Sdn Bhd: recent announcements and strategic initiatives
- 7.3.10 SME Aerospace Sdn Bhd: alliances
- 7.3.11 SME Aerospace Sdn Bhd: recent contract wins
- 7.3.12 SME Aerospace Sdn Bhd: financial analysis
- 7.3.13 AIROD Sdn Bhd: overview
- 7.3.14 AIROD Sdn Bhd: products and services
- 7.3.15 AIROD Sdn Bhd: recent announcements and strategic initiatives
- 7.3.16 AIROD Sdn Bhd: alliances
- 7.3.17 AIROD Sdn Bhd: recent contract wins
- 7.3.18 AIROD Sdn Bhd: financial analysis
- 7.4 Key Private Sector Companies
- 7.4.1 Boustead Naval Shipyard: overview
- 7.4.2 Boustead Naval Shipyard: products and services
- 7.4.3 Boustead Naval Shipyard: recent announcements and strategic initiatives
- 7.4.4 Boustead Naval Shipyard: alliances
- 7.4.5 Boustead Naval Shipyard: recent contract wins
- 7.4.6 Boustead Naval Shipyard: financial analysis
- 7.4.7 Zetro Aerospace Corporation Sdn Bhd: overview
- 7.4.8 Zetro Aerospace Corporation Sdn Bhd: products and services
- 7.4.9 Zetro Aerospace Corporation Sdn Bhd: recent announcements and strategic initiatives
- 7.4.10 Zetro Aerospace Corporation Sdn Bhd: alliances
- 7.4.11 Zetro Aerospace Corporation Sdn Bhd: recent contract wins
- 7.4.12 Zetro Aerospace Corporation Sdn Bhd: financial analysis
- 7.4.13 Sapura Thales Electronics Sdn Bhd: overview
- 7.4.14 Sapura Thales Electronics Sdn Bhd: products and services
- 7.4.15 Sapura Thales Electronics Sdn Bhd: recent announcements and strategic initiatives
- 7.4.16 Sapura Thales Electronics Sdn Bhd: alliances
- 7.4.17 Sapura Thales Electronics Sdn Bhd: recent contract wins
- 7.4.18 Sapura Thales Electronics Sdn Bhd: financial analysis
- 7.4.19 DRB Hicom Defence Technologies Sdn Bhd: overview
- 7.4.20 DRB Hicom Defence Technologies Sdn Bhd: products and services
- 7.4.21 DRB Hicom Defence Technologies Sdn Bhd: recent announcements and strategic initiatives
- 7.4.22 DRB Hicom Defence Technologies Sdn Bhd: alliances
- 7.4.23 DRB Hicom Defence Technologies Sdn Bhd: recent contract wins
- 7.4.24 DRB Hicom Defence Technologies Sdn Bhd: financial analysis
- 7.4.25 MMC Defence Sdn Bhd: overview
- 7.4.26 MMC Defence Sdn Bhd: products and services
- 7.4.27 MMC Defence Sdn Bhd: recent announcements and strategic initiatives
- 7.4.28 MMC Defence Sdn Bhd: alliances
- 7.4.29 MMC Defence Sdn Bhd: recent contract wins
- 7.4.30 MMC Defence Sdn Bhd: financial analysis
- 7.4.31 Composite Technology Research Malaysia Sdn Bhd: overview
- 7.4.32 Composite Technology Research Malaysia Sdn Bhd: products and services
- 7.4.33 Composite Technology Research Malaysia Sdn Bhd: recent announcements and strategic initiatives
- 7.4.34 Composite Technology Research Malaysia Sdn Bhd: alliances
- 7.4.35 Composite Technology Research Malaysia Sdn Bhd: recent contract wins
- 7.4.36 Composite Technology Research Malaysia Sdn Bhd: financial analysis
- 7.4.37 Labuan Shipyard & Engineering Sdn Bhd: overview
- 7.4.38 Labuan Shipyard & Engineering Sdn Bhd: products and services
- 7.4.39 Labuan Shipyard & Engineering Sdn Bhd: recent announcements and strategic initiatives
- 7.4.40 Labuan Shipyard & Engineering Sdn Bhd: alliances
- 7.4.41 Labuan Shipyard & Engineering Sdn Bhd: recent contract wins
- 7.4.42 Labuan Shipyard & Engineering Sdn Bhd: financial analysis
- 7.4.43 D' Aquarian Sdn Bhd: overview
- 7.4.44 D'Aquarian Sdn Bhd: products and services
- 7.4.45 D'Aquarian Sdn Bhd: recent announcements and strategic initiatives
- 7.4.46 D'Aquarian Sdn Bhd: alliances
- 7.4.47 D'Aquarian Sdn Bhd: recent contract wins
- 7.4.48 D'Aquarian Sdn Bhd: financial analysis
8 Business Environment and Country Risk
- 8.1 Business confidence
- 8.1.1 Business confidence index
- 8.1.2 Market capitalization trend - The Bursa Malaysia Stock Exchange, Malaysia
- 8.1.3 FDI inflows
- 8.1.4 Deployment of credit by sector
- 8.2 Economic Performance
- 8.2.1 GDP at constant prices
- 8.2.2 GDP per capita at constant prices
- 8.2.3 GDP at current prices
- 8.2.4 GDP per capita at current prices
- 8.2.5 GDP split by key segments
- 8.2.6 Agriculture net output at current prices (Malaysian ringgit)
- 8.2.7 Agriculture net output at current prices (US dollar)
- 8.2.8 Agriculture net output at current prices as percentage of GDP
- 8.2.9 Manufacturing net output at current prices (Malaysian ringgit)
- 8.2.10 Manufacturing net output at current prices (US dollar)
- 8.2.11 Manufacturing net output at current prices as a percentage of GDP
- 8.2.12 Mining, manufacturing, and utilities net output at current prices (Malaysian ringgit)
- 8.2.13 Mining, manufacturing, utilities at current prices (US dollars)
- 8.2.14 Mining, manufacturing, utilities at current prices, as percentage of GDP
- 8.2.15 Construction net output at current prices, (Malaysian ringgit)
- 8.2.16 Construction net output at current prices (US dollar)
- 8.2.17 Construction output at current prices as a percentage of GDP
- 8.2.18 Crude steel production
- 8.2.19 Crude oil consumption
- 8.2.20 Inflation rate
- 8.2.21 Fiscal balance as a percentage of GDP
- 8.2.22 Trade balance as a percentage of GDP
- 8.2.23 Exports as a percentage of GDP
- 8.2.24 Imports as a percentage of GDP
- 8.2.25 Exports growth
- 8.2.26 Imports growth
- 8.2.27 External debt as percentage of GDP
- 8.2.28 Annual average exchange rate US$-MYR
- 8.2.29 End of the period exchange rate US$ - MYR
- 8.2.30 Debt service ratio
- 8.3 Infrastructure Quality and Availability
- 8.3.1 Total airports and ports
- 8.3.2 Railways and highways
- 8.3.3 Passenger vehicle production volume
- 8.3.4 Commercial vehicle production volume
- 8.3.5 Automotive components export trend
- 8.3.6 Automotive components import trend
- 8.3.7 Passenger car penetration
- 8.3.8 Total installed capacity for electricity generation
- 8.3.9 Installed capacity for the generation of conventional thermal electricity
- 8.3.10 Electricity production
- 8.3.11 Installed capacity for the generation of hydro-electricity
- 8.3.12 Installed capacity for renewable electricity generation
- 8.3.13 Electricity consumption
- 8.3.14 Electricity exports
- 8.3.15 Healthcare expenditure
- 8.3.16 Healthcare expenditure as a percentage of GDP
- 8.3.17 Healthcare expenditure per capita
- 8.3.18 Research and development expenditure as a percentage of GDP
- 8.3.19 Total internet subscribers
- 8.3.20 Broadband internet subscribers
- 8.3.21 Personal computer penetration
- 8.3.22 Mobile phone penetration rate
- 8.4 Labor Force
- 8.4.1 Labor force
- 8.4.2 Unemployment rate
- 8.5 Demographics
- 8.5.1 Annual disposable income
- 8.5.2 Annual per capita disposable income
- 8.5.3 Annual consumer expenditure on food
- 8.5.4 Annual per capita consumer expenditure on food
- 8.5.5 Urban and rural population
- 8.5.6 Female percentage of population
- 8.5.7 Male percentage of population
- 8.5.8 Mean age of population
- 8.5.9 Median age of population
- 8.5.10 Population density
- 8.5.11 Age distribution - total population
- 8.5.12 Age distribution-male population
- 8.5.13 Age distribution - female population
- 8.5.14 Number of households
- 8.6 Political and Social Risk
- 8.6.1 Political stability
- 8.6.2 Terrorism index
- 8.6.3 Transparency index
9 Appendix
- 9.1 Contact Us
- 9.2 About ICD Research
- 9.3 Disclaimer
List of Tables
- Table 1: Malaysian Defense Expenditure (US$ billion), 2007-2011
- Table 2: Malaysian Defense Expenditure (US$ billion), 2012-2016
- Table 3: Malaysian Defense Budget Split Between Capital and Revenue Expenditure, 2007-2011
- Table 4: Malaysian Defense Budget Split Between Capital and Revenue Expenditure, 2012-2016
- Table 5: Malaysian Defense Expenditure vs GDP Growth Rate (%), 2007-2011
- Table 6: Malaysian Defense Expenditure vs GDP Growth Rate (%), 2012-2016
- Table 7: Malaysian Defense Expenditure as Percentage of GDP, 2007-2011
- Table 8: Malaysian Defense Expenditure as Percentage of GDP, 2012-2016
- Table 9: Malaysia's Homeland Security Expenditure (US$ billion), 2007-2011
- Table 10: Malaysia's Homeland Security Expenditure (US$ billion), 2012-2016
- Table 11: Benchmarking with Key Markets - 2007-2011 vs 2012-2016
- Table 12: Top Country Ranking by Value of Arms Imports, 2007-2011*
- Table 13: ICD Research Terrorism Index
- Table 14: Malaysian Defense Offset Regulations
- Table 15: Market Entry by Key Foreign Companies
- Table 16: Malaysian Defense Industry Capability
- Table 17: Agusta Westland Malaysia Sdn Bhd - Product Focus
- Table 18: Agusta Westland Malaysia Sdn Bhd - Alliances
- Table 19: Agusta Westland Malaysia Sdn Bhd - Recent Contract Wins
- Table 20: SME Ordnance Sdn Bhd - Product Focus
- Table 21: SME Ordnance Sdn Bhd - Alliances
- Table 22: SME Ordnance Sdn Bhd - Recent Contract Wins
- Table 23: SME Aerospace Sdn Bhd - Product Focus
- Table 24: SME Aerospace Sdn Bhd - Recent Contract Wins
- Table 25: AIROD Sdn Bhd - Product Focus
- Table 26: AIROD Sdn Bhd - Alliances
- Table 27: AIROD Sdn Bhd - Recent Contract Wins
- Table 28: Boustead Naval Shipyard - Product Focus
- Table 29: Boustead Naval Shipyard - Recent Contract Wins
- Table 30: Zetro Aerospace Corporation Sdn Bhd - Product Focus
- Table 31: Zetro Aerospace Corporation Sdn Bhd - Alliances
- Table 32: Sapura Thales Electronics Sdn Bhd - Product Focus
- Table 33: Sapura Thales Electronics Sdn Bhd - Alliances
- Table 34: Sapura Thales Electronics Sdn Bhd - Recent Contract Wins
- Table 35: DRB Hicom Defence Technologies Sdn Bhd - Product Focus
- Table 36: DRB Hicom Defence Technologies Sdn Bhd - Alliances
- Table 37: DRB Hicom Defence Technologies Sdn Bhd - Recent Contract Wins
- Table 38: MMC Defence Sdn Bhd - Product Focus
- Table 39: MMC Defence Sdn Bhd - Alliances
- Table 40: Composite Technology Research Malaysia Sdn Bhd - Product Focus
- Table 41: Composite Technology Research Malaysia Sdn Bhd - Alliances
- Table 42: Composite Technology Research Malaysia Sdn Bhd - Recent Contract Wins
- Table 43: Labuan Shipyard & Engineering Sdn Bhd - Product Focus
- Table 44: Labuan Shipyard & Engineering Sdn Bhd - Alliances
- Table 45: Labuan Shipyard & Engineering Sdn Bhd - Recent Contract Wins
- Table 46: D'Aquarian Sdn Bhd - Product Focus
- Table 47: D'Aquarian Sdn Bhd - Recent Contract Wins
List of Figures
- Figure 1: Malaysian Defense Expenditure (US$ billion), 2007-2011
- Figure 2: Malaysian Defense Expenditure (US$ billion), 2012-2016
- Figure 3: Malaysian Defense Budget Split Between Capital and Revenue Expenditure, 2007-2011
- Figure 4: Malaysian Defense Budget Split Between Capital and Revenue Expenditure, 2012-2016
- Figure 5: Malaysian Defense Expenditure vs GDP Growth Rate (%), 2007-2011
- Figure 6: Malaysian Defense Expenditure vs GDP Growth Rate (%), 2012-2016
- Figure 7: Malaysian Defense Expenditure as Percentage of GDP, 2007-2011
- Figure 8: Malaysian Defense Expenditure as Percentage of GDP, 2012-2016
- Figure 9: Malaysia's Homeland Security Expenditure (US$ billion), 2007-2011
- Figure 10: Malaysia's Homeland Security Expenditure (US$ billion), 2012-2016
- Figure 11: ICD Research Terrorism Heat Map
- Figure 12: ICD Research Terrorism Heat Index, 2011
- Figure 13: Benchmarking with Key Markets - 2007-2011 vs 2012-2016
- Figure 14: Benchmarking with World's Largest Defense Spenders - 2011 and 2016
- Figure 15: Benchmarking with Large Defense Spenders as Percentage of GDP - 2011
- Figure 16: Malaysia Defense Imports (US$ Million), 2005-2010
- Figure 17: Malaysian Defense Imports by Supplier and Weapon Category (%), 2005-2010
- Figure 18: Industry Dynamics - Porter's Five Forces Analysis
- Figure 19: Malaysian Business Confidence Index, 2008-2010
- Figure 20:The Bursa Malaysia Stock Exchange (MYX) Market Capitalization (US$ Billion), 2003-2009
- Figure 21: Malaysian FDI Inflows (US$ Billion), 2003-2008
- Figure 22: Malaysia Deployment of Credit by Sector (US$ Billion), 2003-2009
- Figure 23: Malaysian GDP Value at Constant Prices (US$ Billion), 2003-2015
- Figure 24: Malaysian GDP Per Capita at Constant Prices (US$), 2003-2015
- Figure 25: Malaysian GDP at Current Prices (US$ Billion), 2003-2015
- Figure 26: Malaysian GDP Per Capita at Current Prices (US$), 2003-2015
- Figure 27: Malaysian GDP Split by Key Segments (%), 2003 vs 2009
- Figure 28: Malaysian Agriculture Net Output at Current Prices (MYR Billion), 2003-2015
- Figure 29: Malaysian Agriculture Net Output at Current Prices (US$ Billion), 2003-2015
- Figure 30: Malaysian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2003-2015
- Figure 31: Malaysian Manufacturing Net Output at Current Prices (MYR Billion), 2003-2015
- Figure 32: Malaysian Manufacturing Net Output at Current Prices (US$ Billion), 2003-2015
- Figure 33: Malaysian Manufacturing Net Output at Current Prices as a Percentage of GDP (%) 2003-2015
- Figure 34: Malaysian Mining, Manufacturing and Utilities Net Output at Current Prices (MYR Billion), 2003-2015
- Figure 35: Malaysian Mining, Manufacturing and Utilities Output at Current Prices (US$ Billion), 2003-2015
- Figure 36: Malaysian Mining, Manufacturing and Utilities Output at Current Prices as a Percentage of GDP (%), 2003-2015
- Figure 37: Malaysian Construction Net Output at Current Prices (MYR Billion), 2003-2015
- Figure 38: Malaysian Construction Net Output at Current Prices (US$ Billion), 2003-2015
- Figure 39: Malaysian Construction Output at Current Prices as a Percentage of GDP (%), 2003-2015
- Figure 40: Malaysian Crude Steel Production (Million Metric Tons), 2003-2015
- Figure 41: Malaysian Crude Oil Consumption (Million Tons), 2003-2015
- Figure 42: Malaysian Inflation Rate (%), 2003-2015
- Figure 43: Malaysian Fiscal Balance as a Percentage of GDP(%), 2003-2015
- Figure 44: Malaysian Trade Balance as a Percentage of GDP (%), 2003-2009
- Figure 45: Malaysian Exports as a Percentage of GDP (%), 2003-2015
- Figure 46: Malaysian Imports as a Percentage of GDP (%), 2003-2015
- Figure 47: Malaysian Exports Growth (%), 2003-2015
- Figure 48: Malaysian Imports Growth (%), 2003-2015
- Figure 49: Malaysian External Debt as a Percentage of GDP (%) 2003-2009
- Figure 50: Malaysia Annual Average Exchange Rate US$-MYR , 2003-2009
- Figure 51: Malaysian End of the Period Exchange Rate (End of the Period), 2003-2009
- Figure 52: Malaysian Debt Service Ratio (%), 2003-2009
- Figure 53: Malaysian Airports and Ports (Number of), 2009
- Figure 54: Malaysian Railways and Highways (Thousand Kilometers), 2009
- Figure 55: Malaysian Passenger Vehicle Production, 2003-2015
- Figure 56: Malaysian Commercial Vehicle Production, 2003-2015
- Figure 57: Malaysian Automotive Components Exports (US$ Million), 2003-2015
- Figure 58: Malaysian Automotive Components Imports (US$ Million), 2003-2015
- Figure 59: Malaysian Passenger Car Penetration (per 1,000 people), 2003-2015
- Figure 60: Malaysian Total Installed Capacity for Electricity Generation (Million KW), 2003-2015
- Figure 61: Malaysian Installed Capacity for the Generation of Conventional Thermal Electricity (Million KW), 2003-2015
- Figure 62: Malaysian Electricity Production (Billion kwh), 2003-2015
- Figure 63: Malaysian Installed Capacity for the Generation of Hydro-Electricity (Million KW), 2003-2015
- Figure 64: Malaysian Installed Capacity for Generation of Renewable Electricity (Million KW), 2003-2015
- Figure 65: Malaysian Electricity Consumption, 2003-2015
- Figure 66: Malaysian Electricity Exports (Billion kwh), 2003-2015
- Figure 67: Malaysian Healthcare Expenditure (US$ Billion), 2003-2015
- Figure 68: Malaysian Healthcare Expenditure as a Percentage of GDP (%), 2003-2015
- Figure 69: Malaysian Per Capita Healthcare Expenditure (US$), 2003-2015
- Figure 70: Malaysian R&D Expenditure as a Percentage of GDP(%), 2003-2015
- Figure 71: Malaysian Internet Subscriptions (Million), 2003-2015
- Figure 72: Malaysian Broadband Internet Subscriptions (Million), 2003-2015
- Figure 73: Malaysian Personal Computer Usage (per 100 people), 2003-2015
- Figure 74: Malaysian Mobile Phone Penetration, 2003-2015
- Figure 75: Malaysian Size of Labor Force (in 15-59 age group) (Million), 2003-2015
- Figure 76: Malaysian Unemployment Rate (%), 2003-2015
- Figure 77: Malaysian Annual Disposable Income (US$ Billion), 2003-2015
- Figure 78: Malaysian Annual Per Capita Disposable Income (US$), 2003-2015
- Figure 79: Malaysian Consumer Expenditure on Food (US$ Billion), 2003-2015
- Figure 80: Malaysian Annual Per Capita Consumer Expenditure on Food (US$), 2003-2015
- Figure 81: Malaysian Urban and Rural Population (%), 2003-2015
- Figure 82: Malaysian Female Percentage of Population (%), 2003-2015
- Figure 83: Malaysian Male Percentage of Population (%), 2003-2015
- Figure 84: Malaysian Mean Age of Population (Years), 2003-2015
- Figure 85: Malaysian Median Age of Population (years), 2003-2015
- Figure 86: Malaysian Population Density (Per Square Kilometer), 2003-2015
- Figure 87: Malaysian Population Distribution by Age (%), 2003-2015
- Figure 88: Malaysian Male Population Distribution by Age (%), 2003-2015
- Figure 89: Malaysia Female Population Distribution by Age (%), 2003-2015
- Figure 90: Malaysian Number of Households (Million), 2003-2015
- Figure 91: Global Terrorism Heat Map
- Figure 92: Malaysia Transparency Index, 2003-2009
