The Chinese Defence Industry Expenditure to Reach $174.9 billion By 2017

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The Chinese Defence Industry Expenditure to

Reach $174.9 billion By 2017

PR Newswire

NEW YORK, LONDON, BERLIN, PARIS, July 12, 2012

NEW YORK

,

LONDON

,

BERLIN

,

PARIS

,

July 12, 2012

/PRNewswire/ --

The Chinese defence market registered significant growth and is expected to

retain this positive growth rate during the next 5 years period. The Chinese

defence budget, which valued

US$104.62 billion

in 2012, is the largest defence

budget in the

Asia-Pacific

region. Defence expenditure grew at a CAGR of

11.5%. Due to the rapid growth of the country's defence budget, the Chinese

army is now capable of rivalling the leading military powers of Western

European countries, claim industry analyst in a new report titled - The Chinese

Defence Industry Market Opportunities and Entry Strategies, Analysis and

Forecasts to 2017.

China

is expected to spend

US$722.4 billion

in the fulfilment of its defence

requirements. Factors such as Sino-US relations, asymmetric warfare and the

threat from

Taiwan

to its territorial integrity are expected to stimulate defence

expenditure.

China's

emphasis on the import of technology rather than in the

import of finished equipment will continue to lead the development of domestic

defence firms.

Chinese defence expenditure, estimated at

US$104.62 billion

during 2012, grew

at a CAGR of 11.5% during the review period. It is expected to record a CAGR of

8.49% and reach

$174.9 billion

by 2017. Over the next five years the country's

defence expenditure is expected to be driven by factors such as Sino-US

relations, asymmetric warfare and the threat from

Taiwan

to its territorial

integrity.Aircraft and armored vehicles were the main categories in defence

exports by

China

. In 2011,

China

exports defence products to 36 countries with

a total value of

US$1.35 billion

.

The Chinese Defence Industry report provides detailed analysis of the current

industry size and growth expectations from 2013 to 2017, including highlights of

key growth stimulators. It also benchmarks the industry against key global

markets and provides detailed understanding of emerging opportunities in

specific areas of defence market.

To view the detailed table of contents of this report kindly click - Chinese

Defense market report or visit http://www.reportstack.com.

Other Global Defence Industry Research Reports:

The Global Military Rotorcrafts Market 2011-2021 - Competitive Landscape and

Strategic Insights: Market Profile

The Global Naval Vessels and Surface Combatants Market 2011-2021 -

Competitive Landscape and Strategic Insights

The Global UAV Market 2011-2021 - Competitive Landscape and Strategic

Insights

The Global Submarine Market 2011-2021 - Competitive Landscape and

Strategic Insights

The Global Armored Vehicles and Counter IED Vehicles Market 2011-2021 -

Competitive Landscape and Strategic Insights

The Global Military Radar Market 2012-2022 - Competitive Landscape and

Strategic Insights

The Global C2/C4ISR Market 2011-2021 - Competitive Landscape and Strategic

Insights

The Global Military Simulations and Virtual Training Market 2011-2021 -

Competitive Landscape and Strategic Insights

The Global Military Aircraft Market 2011-2021 - Competitive Landscape and

Strategic Insights

The Global Cyber Warfare Market 2011-2021 - Competitive Landscape and

Strategic Insights

The Global Missiles and Missile Defence Systems Market - Competitive

Landscape and Strategic Insights

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