Taiwan Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029

Taiwan Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029

Summary

Taiwan Defense Market - Size and trends, budget allocation, regulations, key acquisitions, competitive landscape and forecast, 2024-2029 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.

Taiwan has been compelled to invest in developing a robust defense posture. Taiwanese defense expenditure, inclusive of the additional special budget, increased from $12 billion in 2020 to $19.4 billion in 2024, reflecting a CAGR of 12.7% during 2020-24. The continuous annual increase in the defense budget during 2020-24 is attributed to the immense threat posed by its neighboring rival China. However, Taiwan's defense expenditure is projected to grow at a CAGR of 6% to value $23.4 billion by 2029, mainly due to the People's Republic of China's (PRC) assertiveness with regard to the 'One China Policy’.

Key Highlights

• Drivers of Defense expenditure include Modernization of armed forces, Dispute with China and modernization of its neighboring countries pose a threat to Taiwan
• Major ongoing procurement program include procurement of Hai Kun-class (Indigenous Defense Submarine (IDS)), F-16V, 2,500-ton Light Frigates

Scope

This report offers a detailed analysis of the Taiwan 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-

• Taiwan's defense budget: detailed analysis of Brunei's 2024 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 Taiwan's military doctrine and strategy to provide a comprehensive overview of Taiwan's military procurement regulation.
• Security Environment: political alliances and perceived security threats to Brunei are examined; they help to explain trends in spending and modernisation.
• Competitive landscape and strategic insights: analysis of the competitive landscape of Taiwan's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Taiwan defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Taiwan market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Taiwan defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Taiwan government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available