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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 during 2013-2018. 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.
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.
Factors such as a strained relationship with China and the acquisition of military hardware systems are anticipated to drive the country’s military expenditure over the next five years.
Spanning over 100 pages, 27 tables and 63 figures, “Future of the Taiwanese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018” report presents an in-depth assessment of the Taiwanese defense industry from 2013 till 2018.
In addition to covering the market opportunities, market dynamics, industry dynamics, market entry strategies, competitive landscape and business environment, the report also presents comprehensive forecasts for the market from 2013 till 2018. The report covers 4 key industry players including Aerospace Industrial Development Corporation (AIDC), Chung-Shan Institute of Science and Technology (CSIST), China Shipbuilding Corporation (CSBC) and The Combined Service Forces.
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