Japanese Defence Industry – Defence Expenditure is Expected to Reach US$45.8 Billion by 2021
Japanese defence expenditure is inclusive of expenditure on the army, navy, air force, SACO, US force realignment, and other expenses. In 2016, the Japanese Government allocated US$41.7 billion to its total Defence budget, compared to US$59.1 in 2012, and registered a CAGR of -8.36% during 2012-2016. Defence expenditure is expected to grow at an estimated CAGR of 1.74% during the forecast period, to value US$45.8 billion in 2021.
Strategic Defence Intelligence’s report-Future of the Japanese Defence Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2021 offers detailed analysis of the industry with market size forecasts from 2017-2021. This report sheds light on factors that influence demand in the industry, key market trends, and challenges faced by industry participants. In particular, it provides an in-depth analysis of the following:
Over the forecast period, the country’s budget for homeland security is expected to be US$16.4 billion cumulatively. The key areas of investment are expected to be multi-role aircraft, missile Defence systems, transport and utility helicopters, destroyers, and amphibious ships.
Strategic Defence Intelligence’s report-Future of the Japanese Defence Industry gives better insight into the industry with market size forecasts from 2017-2021. This report sheds light on factors that influence demand in the industry, key market trends, and challenges faced by industry participants, and more.