The Taiwanese Defense Market-Attractiveness, Competitive Landscape and Forecasts to 2025
- June 2020
- Defense and Security
- 80 pages
The Taiwanese Defense Market -Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the 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 maritime and border security market over the forecast period.
The Taiwanese defense budget valued US$11.9 billion in 2020 and registered a CAGR of 4.63% during the historical period. The country plans to increase its defense expenditure with significant and steady investments in defense procurements. Some of current key defense procurements are 66 F-16V aircraft worth US$8.1 billion and the procurement of 108 M1A2 Abrams tanks and stinger missiles along with other equipment worth US$2.2 billion.
Tensions between the Peoples Republic of China (PRC) and Taiwan have increased since the Pro-independence Democratic Progressive Party came to power in 2016 and Tsai Ing-wen became President of Taiwan. The tensions were escalated further after the reinauguration of Tsai Ing-wen as Taiwanese President in May 2020.
This report offers detailed analysis of the Taiwanese 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.
- Dispute over sovereignty with China and the armed forces mordernization are expected to drive the defense expenditure over the forecast period.
- Aircraft, naval vessels and air defense systems accounted for major share of defense equipemnt imports for Taiwan during 2015-2019.
In particular, it provides an in-depth analysis of the following -
- The Taiwanese defense industry market size and drivers: detailed analysis of the Taiwan's defense industry during 2021-2025, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities:list of the top ten defense investment opportunities over the next 5 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Taiwanese defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the Taiwan defense market over the next five years
- Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Taiwan market and identify the opportunities offered.
- Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
- Identify the major threats that are driving the Taiwan defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
- Channelize resources by focusing on the ongoing programs that are being undertaken by the Taiwan government
- Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country.
- The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available
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