Dec 15, 2017   SOURCE: BusinessWire

Future of the Taiwanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022 - Research and Markets

The "Future of the Taiwanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2022" report has been added to Research and Markets' offering.

Taiwan's military expenditure is projected to register a CAGR of 2.90% during the forecast period to reach US$12.1 Billion by 2022

The main factors driving this growth are the rapid modernization of the country's armed forces in recent years and the People's Republic of China's (PRC) assertiveness with regards to territorial claims.

Homeland security expenditure stands is estimated to reach US$3.1 Billion in 2022, registering a CAGR of 1.38% during 2018-2022. This expenditure is primarily driven by Taiwan's focus on enhancing its defense capabilities to counter human trafficking and the illicit drug trade.

Taiwanese defense imports witnessed substantial growth over the period 2012-2016. Imports in 2012 were low due to delayed deliveries by the US, which was under pressure from the People's Republic of China (PRC), however, to compensate this; Taiwan started importing engines from Germany.

During the forecast period, the US is expected to remain the largest exporter of defense equipment as other countries are reluctant to supply military equipment due to pressure from the People's Republic of China (PRC). The country's imports were highest in 2014 due to the procurement of air defense systems, missiles, and aircraft.

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Market Entry Strategy

7. Competitive Landscape and Strategic Insights

8. Business Environment and Country Risk

9. Appendix

Companies Mentioned

  • Aerospace Industrial Development Corporation (AIDC)
  • China Shipbuilding Corporation (CSBC)
  • Chung-Shan Institute of Science and Technology (CSIST)
  • The Combined Service Forces (CSF)

For more information about this report visit https://www.researchandmarkets.com/research/7rz8n2/future_of_the?w=4