The aircraft category remains one of the key growth drivers of the Chinese defense and security industry, accounting for 41.5% of capital expenditure in 2016; followed by the C4ISR electronics and IT category with 16.05%. China's total defense and security expenditure recorded a CAGR of 9.2%, rising from US$102.8 billion in 2012 to US$146.3 billion in 2016, and will post a forecast-period CAGR of 11.7% to reach US$247.5 billion in 2021 due to the modernization of the country's technological capabilities.
MarketLine's premium reports provide a comprehensive overview of each market within a country's defense industry; benchmark key performance indicators against regional and global peers; review industry trends and drivers; evaluate the competitive landscape and innovation potential of singular markets; and conduct data-driven SWOT analysis to ascertain a structured assessment of the performance of each territory represented.
China emerged as the largest exporter in Asia-Pacific:The export of armored vehicles, aircraft and ships make China the largest defense exporter in the Asia-Pacific region. China's defense exports recorded a CAGR of 7.3%, rising from US$1.6 billion in 2012 to US$2.1 billion in 2016. Aircraft exports primarily comprise J-7s, K-8s, and Y-12s. China exports defense equipment to Bangladesh, Venezuela, Pakistan, Tanzania, and Myanmar.
China reported an increase in its defense expenditure:
In terms of defense, China is the second-largest spender globally after the US. Expenditure increased at a CAGR of 9.2%, from US$102.8 billion in 2012 to US$146.3 billion in 2016, and will post a forecast-period CAGR of 11.7% to reach US$247.5 billion in 2021. Growth can be attributed to modernization plans, peacekeeping missions, and tensions with the US that escalated due to the presence of US Naval Forces in the South China Sea territory in October 2016.
China aims to focus on indigenous manufacturing:With domestic manufacturing strength, China will continue to reduce its defense imports. The country is domestically manufacturers J-15s, J-20s, Shenyang J-31s, Y-30s, transport aircraft, and Type 055 destroyers. The country is also accelerating the domestic production of third-generation ZTZ99/Type 99 and MBT-3000 battle tanks. An increase in manufacturing capabilities, coupled with low production costs, will help China to export cheaper alternatives to countries looking to lower their defense outgoings.
– Industry Snapshot and Industry View – Key defense and security industry statistics including total expenditure, revenue expenditure, and capital expenditure are analysed to reveal the key issues and trends driving market performance in the Chinese defense and security market.
– Industry SWOT Analysis – Discover the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the Chinese defense and security market.
– Industry Benchmarking – Benchmark how the Chinese defense and security market is performing compared to regional and global markets in terms of total expenditure, revenue expenditure, and capital expenditure to gauge potential for growth or market entry.
– Competitive Landscape – Detailed overview and product offerings of the leading defense and security players in China.
Reasons to buy
– How is the market performing in terms of: total expenditure, revenue expenditure, and capital expenditure?
– How risky is it to invest in the Chinese defense and security industry compared to other Asian countries?
– What is driving the performance of key industry segments such as aircraft, C4ISR electronics & IT, naval ships, helicopters, military vehicles, and others?
– Who are the leading players in the Chinese defense and security industry and their overview and product portfolio?
– What trends are being witnessed within the Chinese defense and security industry?
– What are the Chinese defense and security industry's Strengths and Weaknesses and what Opportunities and Threats does it face?
– What are the recent developments and innovations in the Chinese defense and security industry?
Read the full report: https://www.reportlinker.com/p05153074
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.
Contact Clare: [email protected]
US: (339)-368-6001 Intl: +1 339-368-6001
Latest posts by Sarah Thompson (see all)
- Updated ezPaycheck 2018 Payroll Software Accommodates Businesses Hiring Temporary Contractors - February 24, 2018
- TSX Challenge Offers Youth Opportunity To Summit Mt. Whitney - February 24, 2018
- Automotive Defense Specialists, Defense Lawyers for Bureau of Automotive Repair STAR program Invalidations, Announces New STAR Informational Page - February 24, 2018