Defense Spending in Asia-Pacific

Defense Spending in Asia-Pacific

  • December 2017 •
  • 40 pages •
  • Report ID: 191752
Defense Spending in Asia-Pacific

Defense Spending in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Asia-Pacific defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights
- Defense spending covers capital items, military personnel, government defense agencies, and related expenditure on defense and peacekeeping. The value of the market is taken to include both current and capital expenditure on the armed forces (including funding contributions to peacekeeping forces, such as the United Nations Peacekeeping Forces), defense ministries and other government agencies engaged in defense projects, paramilitary forces (when judged to be trained and equipped for military operations) and military space activities. Expenditure on personnel (including salaries and social services of both military and civil personnel, and retirement pensions of military personnel), procurement, research and development, infrastructure spending, military aid (taken as expenditure by the donor country) and general operations and maintenance are also included. Note that current expenditure on previous military activity such as veterans’ benefits, weapon destruction, demobilization, and defense conversion are all excluded, as is expenditure on civil defense.
- The Asia-Pacific defense spending market is expected to generate total budget allocation of $468.0bn in 2017, representing a compound annual growth rate (CAGR) of 7.2% between 2013 and 2017.
- Market volume is forecast to increase with a CAGR of 0.2% between 2013 and 2017, to reach a total of 10.1 million armed forces personnel in 2017.
- China is the primary driver behind increased defense spending in the region, as it accounts for half of the region’s value. The country is seeking to significantly strengthen its capabilities to project power in the region, as its economic stature grows. China currently spends an estimated 1.9% of GDP on its defence. It is seeking to expand its capabilities, developing indigenous fifth generation fighter technology, the Chengdu J-20, and deep sea naval capabilities.

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in Asia-Pacific
- Leading company profiles reveal details of key defense spending market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific defense spending market with five year forecasts by both value and volume

Reasons to buy
- What was the size of the Asia-Pacific defense spending market by value in 2017?
- What will be the size of the Asia-Pacific defense spending market in 2022?
- What factors are affecting the strength of competition in the Asia-Pacific defense spending market?
- How has the market performed over the last five years?
- What are the main segments that make up Asia-Pacific’s defense spending market?

We are very sorry, but an error occurred.
Please contact if the problem remains.

Country=APAC Industry=AerospaceAndDefence ParentIndustry=HeavyIndustry Date=201712 Topic=MarketReport Publisher=MarketLine Price=1000