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Japanese Defence Industry – Defence Expenditure is Expected to Reach US$45.8 Billion by 2021

Japanese defence Expenditure

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.

Reference – https://www.marketsandreports.com/japanese-defence-industry-defence-expenditure-expected-reach-us45-8-billion-2021/


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