This report is the result of SDIs extensive market and company research covering the Taiwanese defense industry, and provides detailed analysis of both historic and forecast defense industry values including key growth stimulators, analysis of the leading companies in the industry, and key news.
* Why was the report written?
- The Future of the Taiwanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain market share in the Taiwanese defense industry.
* What is the current market landscape and what is changing?
- With a defense budget of US$10.5 billion in 2013, Taiwan is expected to cumulatively spend a US$59.2 billion on its military over the forecast period. The country’s military expenditure is estimated to grow at a CAGR of 4.15% to reach US$12.9 billion by 2018, compared to 2.15% CAGR recorded during the review period. PRCs assertiveness with regards to territorial claims and the need to modernize Taiwan's armed forces to deter PRC from invading the country. In addition, Taiwan is expected to increase its allocation to capital expenditure to an average of 6.4% of its total defense budget, consequently reducing the share of revenue expenditure to 93.6% over the forecast period. On a cumulative basis, the country is estimated to spend US$3.8 billion over the forecast period, compared to US$2.99 billion spent on procuring defense equipment during the review period. Taiwan is focusing on local development of submarines, missiles, air defense systems, and third generation fighter aircraft. Additionally, Taiwan is upgrading its F-16 A/B fleet to prolong their service life and equip them with modern radars and other equipment.
* What are the key drivers behind recent market changes?
- During 2014-2018, Taiwan is expected to spend US$59.2 billion on fulfilling its defense requirements. Factors such as a strained relationship with China and the acquisition of military hardware systems are anticipated to drive the countrys military expenditure over the next five years.
* What makes this report unique and essential to read?
- The Future of the Taiwanese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators. It also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
* The report provides detailed analysis of the current industry size and growth expectations from 2014 to 2018, including highlights of key growth stimulators, and also benchmarks the industry against key global markets and provides a detailed understanding of emerging opportunities in specific areas.
* The report includes trend analysis of imports and exports, together with their implications and impact on the Taiwanese defense industry.
* The report covers five forces analysis to identify various power centers in the industry and how these are expected to develop in the future.
* The report allows readers to identify possible ways to enter the market, together with detailed descriptions of how existing companies have entered the market, including key contracts, alliances, and strategic initiatives.
* The report helps the reader to understand the competitive landscape of the defense industry in Taiwan. It provides an overview of key defense companies, both domestic and foreign, together with insights such as key alliances, strategic initiatives, and a brief financial analysis.
Reasons to Buy
The growth of the Taiwanese defense industry is hampered by project delays associated with the global financial crisis, which have led to cost overruns and the cancellation of certain projects. Despite seeking to increase its defense budget to 3% of GDP, the country’s 2011 defense budget is estimated at just 2.0% of GDP, primarily due to the financial constraints faced by the country. As a result, certain acquisition programs have either been postponed or cancelled. All these factors discourage investors from entering the Taiwanese defense market.
Despite possessing the capabilities to manufacture and export small weapons to the global defense market, the country has been unsuccessful in establishing itself as an exporter of defense equipment. Countries such as Vietnam and Indonesia have expressed an interest in procuring Taiwanese gunpowder, but stringent regulations prevent the country from exporting gunpowder to these nations.
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