China Defense Industry Report 2022: Expenditure Expected to be $318.6 Billion by 2027 - Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecasts - ResearchAndMarkets.com

The "China Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Chinese defense expenditure recorded a CAGR of 7.8% during 2018-22 and stood at $225.6 billion in 2022. Over 2023-27, it is forecast to register a CAGR of 7.2% to value $318.6 billion in 2027.

The report covers 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 military platforms over the forecast period.

Territorial claims in the South China Sea and the increasing strength and assertiveness of the US have spurred the Chinese government to enhance its military capabilities. In order to achieve this, the Chinese government has approved a military modernization program, under which the Chinese Department of National Defense is expected to spend $1.4 trillion over 2023-27 on the procurement of military hardware and the modernization of its armed forces.

The consequent demand for defense equipment will revolve around fighter and multirole aircraft, corvettes, infrastructure construction, submarines, naval vessels, and surveillance equipment.

This report offers detailed analysis of the China 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.

Key Highlights

• China officially announced defense expenditure for 2022 would amount to $225.6 billion, a 7.3% increase on 2021. The publisher expects defense expenditure to amount to $318.6 in 2027, reflecting a CAGR of 7.2% over 2023-27.
• Chinese defense expenditure is primarily driven by the need to modernize its military, to ensure adequate protection from repeated military provocation from the US, external threats, neutralize border conflicts, and a desire to project itself as a major power globally. Strong economic growth during the last decade has further fueled China's defense industry growth.
• Military fixed-wing aircraft, missiles and missile defense systems, and military ammunition are the top three largest sectors within the Chinese defense market.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

• China defense budget: detailed analysis of the China 2022 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of the China military doctrine and strategy to provide a comprehensive overview of China military regulation.
• Security Environment: political alliances and perceived security threats to China are examined; there help to explain trends in spending and modernization.
• Import and Export Dynamics: analysis of prevalent trends in the country's imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of China's defense industry.

Key Topics Covered:

Executive Summary

• Defense Budget Assessment
• Budgeting Process
• Defense Market Size Historic and Forecast
• Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

• Key Market Trends and Insights
• Military Doctrine And Security Environment
• Military Doctrine And Strategy
• Political and Strategic Alliances
• Geopolitical Social and Economic Scenario
• Market Entry Strategy and Regulations
• Procurement Policy and Process

Market Regulations and Market Entry Route

• Key Challenges
• Major M&A, Financing, and Partnerships
• Market Attractiveness and Emerging Opportunities
• Market Attractiveness, 2021-26
• Top Defense Segments By Value

Import And Export Market Dynamics

• Import Market Dynamics
• Export Market Dynamics
• Defense Platform Acquisitions

Defense Platform Acquisitions By Value

• HQ-19
• J-20 Black Eagle
• Y-20
• Tang-class (Type 096)
• J-10
• Heavy-Lift Helicopters
• Renhai-class (Type 055) Destroyers
• KJ-600
• Sui-class (Type 095)
• FC-31

Main Defense Companies

• AVIC Aircraft
• China Aerospace Science and Industry Corporation
• Shenyang Aircraft Corporation

For more information about this report visit https://www.researchandmarkets.com/r/qsp70t

View source version on businesswire.com: https://www.businesswire.com/news/home/20221024005619/en/