DUBLIN–(BUSINESS WIRE)–The “China’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts” report has been added to ResearchAndMarkets.com’s offering.
China’s Defense Budget Analysis (FY 2020), Competitive Landscape and Forecasts report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
The Chinese defense budget valued US$186.7 billion in 2020. The country plans to increase its defense expenditure with significant and steady investments in defense procurements to modernize the People’s Liberation Army by 2035. Some of current key defense procurements for 2020 are the Y-20 transport aircrafts with an allocated budget of US$2.24 billion and the construction of two Indigenous aircraft carriers (US$1.44 billion) and the Dong Feng missile program worth US$978 million.
Tensions between China and the US have increased since the onset of the US-China Trade War, since the COVID-19 pandemic. The Trump administration labelled China as a ‘strategic competitor’ in the National Security Strategy and is pursuing a policy of containment against China’s strategy of using economic leverage to advance strategic interests.
This report offers detailed analysis of the Chinese defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
China’s goal of modernizing the PLA by 2035 will increase spending in acquisitions in defense expenditure over the forecast period.
There is substantial investment across all domains; weaponry has the largest share, followed by aerospace, maritime and land.
Scope
Reasons to Buy
Key Topics Covered:
1. Introduction
2. Regulation
2.1. Military Doctrine and Strategy
2.2. Budgeting Process
2.3. Procurement Policy and Process
3. Security Environment
3.1. Primary Threat Perception
3.2. Political and Strategic Alliances
4. Defense Market
4.1. Current Budget
4.2. Budgeted Procurements
4.3. Forecast Procurements
4.4. Import Market Dynamics
4.5. Export Market Dynamics
4.6. Entry Strategy
5. Standing Fleet
5.1. Selected Land Platforms
5.2. Selected Air Platforms
5.3. Selected Maritime Platforms
6. Main Defense Companies
6.1. Aviation Industry Corporation of China
6.2. China North Industries Group Corp
6.3. China Aerospace Science and Industry Corp
6.4. China Electronics Technology Group Corporation
6.5. China State Shipbuilding Corp
7. Business Environment
8. About this report
8.1. Definitions
8.2. Summary Methodology
9. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hnwz5m
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