Taiwan Defense Market - Budget Assessment and Drivers 2022​

GlobalData’s Taiwan Defense Market -2022 Free Report offers the reader a detailed analysis of Taiwan’s defense budget with market size forecasts covering the next five years. This report will also analyze factors that drive defense expenditure in the country.

In particular, it provides an in-depth analysis of the following:

• Market size: A detailed analysis of the budget allocation along with budget forecasts over the period 2018-27. The report also provides breakdown of the defense budget in form of Acquisitions, and Others in both US Dollars ($) and New Taiwan Dollar (NT$), and also offers a breakdown of the budget with and without the inclusion of Taiwan’s additional special budget
• Market drivers: The report also provides an analysis of the forces driving the Taiwan defense. It also gives a purview of procurement decisions in the context of the threat scenario

Key findings include:

• Taiwan has focused its modernization on developing a robust defense posture against any aggression.
• Taiwanese defense expenditure, inclusive of the additional special budget, increased from $10.7 billion in 2018 to $16.9 billion in 2022, reflecting a CAGR of 12.0% during 2018–22
• Due to the heightened threat by China, the necessity to fund major arms acquisition programs for the Taiwanese defense industry is reflected in the growth of its defense budget during 2018–22. The additional budget is expected to continue till 2026 and then we might see a steep decline in budget growth
• Significant military modernization, aggravation of dispute between China and Taiwan and the military modernization of neighbors drive the defense expenditure of Taiwan