DUBLIN–(BUSINESS WIRE)–The “China Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
Chinese defense expenditure recorded a CAGR of 7.8% during 2018-22 and stood at $225.6 billion in 2022. Over 2023-27, it is forecast to register a CAGR of 7.2% to value $318.6 billion in 2027.
The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Territorial claims in the South China Sea and the increasing strength and assertiveness of the US have spurred the Chinese government to enhance its military capabilities. In order to achieve this, the Chinese government has approved a military modernization program, under which the Chinese Department of National Defense is expected to spend $1.4 trillion over 2023-27 on the procurement of military hardware and the modernization of its armed forces.
The consequent demand for defense equipment will revolve around fighter and multirole aircraft, corvettes, infrastructure construction, submarines, naval vessels, and surveillance equipment.
This report offers detailed analysis of the China defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
Key Highlights
China officially announced defense expenditure for 2022 would amount to $225.6 billion, a 7.3% increase on 2021. The publisher expects defense expenditure to amount to $318.6 in 2027, reflecting a CAGR of 7.2% over 2023-27.
Chinese defense expenditure is primarily driven by the need to modernize its military, to ensure adequate protection from repeated military provocation from the US, external threats, neutralize border conflicts, and a desire to project itself as a major power globally. Strong economic growth during the last decade has further fueled China’s defense industry growth.
Military fixed-wing aircraft, missiles and missile defense systems, and military ammunition are the top three largest sectors within the Chinese defense market.
Who Should Buy
Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.
Scope
China defense budget: detailed analysis of the China 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
Regulation: the procurement policy and process is explained. This is coupled with an analysis of the China military doctrine and strategy to provide a comprehensive overview of China military regulation.
Security Environment: political alliances and perceived security threats to China are examined; there help to explain trends in spending and modernization.
Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
Competitive landscape and strategic insights: analysis of the competitive landscape of China’s defense industry.
Key Topics Covered:
Executive Summary
Defense Budget Assessment
Budgeting Process
Defense Market Size Historic and Forecast
Drivers Of Defense Expenditure
Analysis Of Defense Budget Allocation
Key Market Trends and Insights
Military Doctrine And Security Environment
Military Doctrine And Strategy
Political and Strategic Alliances
Geopolitical Social and Economic Scenario
Market Entry Strategy and Regulations
Procurement Policy and Process
Market Regulations and Market Entry Route
Key Challenges
Major M&A, Financing, and Partnerships
Market Attractiveness and Emerging Opportunities
Market Attractiveness, 2021-26
Top Defense Segments By Value
Import And Export Market Dynamics
Import Market Dynamics
Export Market Dynamics
Defense Platform Acquisitions
Defense Platform Acquisitions By Value
HQ-19
J-20 Black Eagle
Y-20
Tang-class (Type 096)
J-10
Heavy-Lift Helicopters
Renhai-class (Type 055) Destroyers
KJ-600
Sui-class (Type 095)
FC-31
Main Defense Companies
AVIC Aircraft
China Aerospace Science and Industry Corporation
Shenyang Aircraft Corporation
For more information about this report visit https://www.researchandmarkets.com/r/qsp70t
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