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

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.

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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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