The Future of the Chinese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 - ResearchAndMarkets.com

The "Future of the Chinese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.

Future of the Chinese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Chinese defense industry 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.

Select Findings

• China is the second largest defense spender globally after the US. The country's large military budget is primarily driven by its robust economic growth and its desire to match the US in terms of military capabilities.
• Additionally, China shares its borders with 14 countries, and is involved in several border disputes, which increases the need to invest in the recruitment and maintenance of a large number of troops to prevent infiltration or further hostile acts.
• The Chinese defense budget grew at a CAGR of 7.1% during 2014-2018, from US$131.1 billion in 2014 to US$172.5 billion in 2018.
• Defense imports are expected to remain low over the forecast period as China is investing in the local manufacture of its defense requirements, such as J-15 fighters, J-20 fighters, Yun-20 and Y-30 transport aircraft, and Type 055 destroyers.
• The country's focus on manufacturing and procuring defense equipment domestically is reflected in the steady decline of imports since 2013; it is expected that China will continue to procure defense equipment from its nationalized companies over the forecast period.

Companies Featured

• China North Industries Corporation
• China Electronics Technology Group Corporation
• Aviation Industry Corporation of China
• China National Nuclear Corporation
• China Nuclear Engineering and Construction Corporation
• China Aerospace Science and Industry Corporation
• China State Shipbuilding Corporation
• China National Electronics Import and Export Corporation

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

For more information about this report visit https://www.researchandmarkets.com/research/mzlgpd/the_future_of_the?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20190114005586/en/