Kazakhstan Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
Summary
Kazakhstan Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027 report provides the market size forecast and the projected growth rate for the next five years. 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.
Kazakhstan is well known for its multi-vector foreign policy, with which it manages to maintain stable relations with all its neighbors. It is a relatively peaceful country compared to other Central Asian nations. Kazakhstan is also an active participant in the NATO Partnership for Peace Program. However, its proximity to Russia and China makes security a strategically vital issue. Kazakhstan has developed the capabilities of its armed forces with imports, mostly from the US. The budget for Kazakhstan’s armed forces, which consists of ground forces, air forces, and naval forces, stands at $1.6 billion in 2022, registering a CAGR of 12.2% during the historic period.
This report offers detailed analysis of the Kazakhstan 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
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