Defense Spending in China
- December 2017 •
- 33 pages •
- Report ID: 191761
Defense Spending in China 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 China defense spending market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
- 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 Chinese defense spending market is expected to generate total budget allocation of $234.1bn in 2017, representing a compound annual growth rate (CAGR) of 8.7% between 2013 and 2017.
- Market volume is forecast to decline with a compound annual rate of change (CARC) of -0.6% between 2013 and 2017, to reach a total of 2,922.1 thousand armed forces personnel in 2017.
- As part of the People’s Liberation Army’s (PLA) 90th anniversary, a giant parade occurred at the Zhurihe base, Asia’s largest military training center. The PLA showcased how far China has come in modern warfare, with tanks, stealth fighters, artillery, and intercontinental ballistic missiles (ICBMs).
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the defense spending market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the defense spending market in China
- 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 China defense spending market with five year forecasts by both value and volume
Reasons to buy
- What was the size of the China defense spending market by value in 2017?
- What will be the size of the China defense spending market in 2022?
- What factors are affecting the strength of competition in the China defense spending market?
- How has the market performed over the last five years?
- What are the main segments that make up China’s defense spending market?