Market Research Report
The Taiwanese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025
|Published by||GlobalData||Product code||944001|
|Published||Content info||80 Pages
Delivery time: 1-2 business days
|The Taiwanese Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2025|
|Published: June 16, 2020||Content info: 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 People's 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.
In particular, it provides an in-depth analysis of the following -