Published on : Oct 31, 2017
Albany, New York, October 31, 2017: The Chinese defense and security industry has once again become the focus of world media after a string of attention-grabbing headlines this year. Analysts have released a new report titled “China-Defense and Security: An advancing global power (Strategy, Performance and Risk Analysis)”, which explores key data on defense and security industry statistics including total expenditure, revenue expenditure, and capital expenditure. The study has been freshly broadcasted to the vast repository of Market Research Hub (MRH), which offers an in-depth analysis of the historic and current market scenario. The report is beneficial for the investors because the overall information is analyzed to reveal the key issues and trends driving market performance in the Chinese defense and security market.
As per the study key findings, Chinas 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 notable CAGR of 11.7% to reach US$247.5 billion in 2021 due to the modernization of the country’s technological capabilities. Now the world’s second-largest spender on national defense, China is evolving reforms in its defense state-owned enterprises (SOEs). Expenditure increased at a CAGR of 9.2% in 2016 and will post a forecast-period CAGR of 11.7% to reach US$247.5 billion in 2021. Some of the prime factors behind this expected growth include 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 2016.
At first, the report talks about the precise industry overview, including a market snapshot which provides information of various segments and sub-segments. The market overview section of the report discovers the market dynamics such as drivers, restraints and opportunities that currently have a strong impact on the Chinese defense and security market; and how it could influence the market in the near future. Moreover, SWOT analysis has also been included in the study, which discovers the Strengths, Weaknesses, Opportunities and Threats impacting market performance and investment in the Chinese defense and security market.
Key industry segments such as aircraft, C4ISR electronics & IT, naval ships, helicopters, military vehicles, and others are highlighted. Of them, 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%. Also, the study analyzes that China emerged as the largest exporter in Asia-Pacific region, due to the export of armored vehicles, aircraft and ships. Aircraft exports primarily comprise J-7s, K-8s, and Y-12s. China exports defense equipment to Bangladesh, Venezuela, Pakistan, Tanzania, and Myanmar. In addition, looking at the trends that are being witnessed within the Chinese defense and security industry it has been analyzed that with domestic manufacturing strength, China will continue to reduce its defense imports.
The competitive landscape section in the report includes competition matrix, market share and product offerings of the leading defense and security players in China.
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