Japan Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027

Pages: 106 Published: August 04, 2022 Report Code: GDDF0779MR

The Japan defense budget is $48.4 billion in 2022. The market is expected to achieve a CAGR of more than 7% during 2023-27. The Japan defense market research 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.

Japan Defense Market Size

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Japan Defense Market Drivers

China and North Korea continue to pose a major threat to Japanese strategic interests. To counter them, Japan has been investing in the development of stealth fighter jets, new long-range missile systems, and new compact warships.

Moreover, Japan has reinforced its alliance with the US to modernize its defense capability to better meet the security challenges of today and the future. It has been prioritizing space, cyberspace, and the electromagnetic spectrum to create a multidomain defense force.

Military Doctrines and Defense Strategies in Japan

In line with the prospective of Proactive Contribution to Peace as well as the overall National Security Strategy, Japan has improved its overall defense capability and diplomatic posture and has worked assiduously to deepen and further expand cooperative relationships with other countries.

The core idea of the National Defense Policy is that Japan will defend to the end to ensure its security and deter threats offshore. Achieving these objectives requires the strengthening of military defense capabilities and remaining at the forefront of new developments in defense, such as the classification of space and cyberspace domains as new domains of warfare with US cooperation.

Key Sectors in the Japan Defense Market

Military fixed-wing, naval vessels and surface combatants, and military ammunition feature as the three largest sectors in the market. Other prominent sectors include missile and missile defense systems, military rotorcraft, military UAV, submarine, underwater warfare systems, military radar, electronic warfare systems, EOIR systems, tactical communications, military land vehicles, military artillery, body armor and personal protection, military simulation and training, INS GNSS, and unmanned ground vehicles.

Japan Defense Market Outlook by Sector

Japan Defense Market Outlook by Sector

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Key Companies in the Japan Defense Market

Some of the key companies in the Japan defense market are Mitsubishi Corp, Itochu Corp, Toyota Tsusho Corp, NTT DOCOMO Inc, SoftBank Group Corp, KDDI Corp, Mitsubishi Electric Corp, Mitsubishi Heavy Industries Ltd, Fujitsu Ltd, and Toshiba Corp.

Market Report Overview

Market size (2022) $48.4 billion
CAGR >7%
Forecast period 2023-2027
Key sectors Military Fixed-Wing, Naval Vessels and Surface Combatants, Military Ammunition, Missile and Missile Defense Systems, Military Rotorcraft, Military UAV, Submarine, Underwater Warfare Systems, Military Radar, Electronic Warfare Systems, EOIR Systems, Tactical Communications, Military Land Vehicles, Military Artillery, Body Armor and Personal Protection, Military Simulation and Training, INS GNSS, and Unmanned Ground Vehicles
Key companies Mitsubishi Corp, Itochu Corp, Toyota Tsusho Corp, NTT DOCOMO Inc, SoftBank Group Corp, KDDI Corp, Mitsubishi Electric Corp, Mitsubishi Heavy Industries Ltd, Fujitsu Ltd, and Toshiba Corp

Scope

This report provides:

  • A detailed analysis of the Japan 2022 defense budget, broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Explanation of the procurement policy and process. This is coupled with an analysis of the Japan military doctrine and strategy to provide a comprehensive overview of Japan military procurement regulation.
  • Examination of political alliances and perceived security threats to Japan; there help to explain trends in spending and modernization.
  • Analysis of prevalent trends in the country’s imports and exports over the last five years.
  • Analysis of the competitive landscape of Japan’s defense industry.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Japan defense market over the next five years.
  • Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Japanese market and identify the opportunities offered.
  • Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others.
  • Identify the major threats that are driving the Japan defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Japan government.
  • Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.

Table of Contents

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historical And Forecast

Drivers Of Defense Expenditure

Analysis Of Defense Budget Allocation

Key Market Trends and Insights

Military Doctrine And Security Environment

Military Doctrine And Strategy

Primary Threat Perception

Political And Strategic Alliances

Geopolitical Social And Economic Scenario

Market Entry Strategy And Regulations

Procurement Policy and Process

Market Regulations

Market Entry Route

Key Challenges

Major Deals and M&A

Market Attractiveness And Emerging Opportunities

Market Attractiveness, 2020-2025

Top Defense Segments By Value

Import And Export Market Dynamics

Import Market Dynamics

Export Market Dynamics

Defense Platform Acquisitions

F-X indigenous fighter jet

30DX Multi-Mission Frigate

Kawasaki P-1

F-35B

F-35A

Taigei-class Submarine

UH-X Transport and Utility Helicopter

C-2

Fleet Size

Competitive Landscape

Defense Companies Operating In Japan

Main Defense Companies

Appendix

About This Report

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Frequently Asked Questions

The Japan defense budget stands at $48.4 billion in 2022.

The Japan defense market is expected to achieve a CAGR of more than 7% during 2023-27.

The key sectors in the Japan defense market are military fixed-wing, naval vessels and surface combatants, military ammunition, missile and missile defense systems, military rotorcraft, military UAV, submarine, underwater warfare systems, military radar, electronic warfare systems, EOIR systems, tactical communications, military land vehicles, military artillery, body armor and personal protection, military simulation and training, INS GNSS, and unmanned ground vehicles.

Some of the key companies in the Japan defense market are Mitsubishi Corp, Itochu Corp, Toyota Tsusho Corp, NTT DOCOMO Inc, SoftBank Group Corp, KDDI Corp, Mitsubishi Electric Corp, Mitsubishi Heavy Industries Ltd, Fujitsu Ltd, and Toshiba Corp.

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