New Zealand Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2022-2027
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New Zealand Defense Market Report Overview
New Zealand Defense market size stands at $3.4 billion in 2022. The market is expected to decline at a CAGR of more than 4% during 2023-27. The New Zealand 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.
New Zealand Defense Market Overview
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New Zealand Defense Market Drivers
China is New Zealand’s second-largest trading partner after Australia. China has demonstrated its inclination to leverage its trade relationships to extract strategic concessions which may not be in New Zealand’s best interest. New Zealand has been modernizing its armed forces to keep up with the global advancements in military technology and to effectively execute peacekeeping duties. The country’s need to tackle terrorism and increase internal security is a driver of Defense expenditure as well.
Military Doctrines and Defense Strategies in New Zealand
The NZDF articulates its philosophical approach to the conduct of military operations through military doctrine. New Zealand Defence Doctrine (NZDDP-D) introduces the philosophical concept of military doctrine and its application by the NZDF. NZDDP-D focuses primarily on the doctrinal components of New Zealand’s military strategy, but it also describes the New Zealand approach to military activity at all levels. It is formulated and based on the national experiences of making strategy and conducting military operations. Whilst authoritative, NZDDP-D conveys broad principles that require judgement in their application, according to situational imperatives.
Key Sectors in the New Zealand Defense Market
Military fixed-wing, naval vessels and surface combatants, and military ammunition feature as the top three sectors in the market. Other prominent sectors include military rotorcraft, military land vehicles, military radar, tactical communications, electronic warfare, military simulation and training, EOIR, underwater warfare systems, unmanned ground vehicles, INS GNSS, artillery, military UAVs, and body armor and personal protection.
New Zealand Defense Market Outlook by Sector
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Key Companies in the New Zealand Defense Market
Some of the key companies in the New Zealand Defense market are Beca Group Ltd, Eurocopter International Pacific (NZ) Pty ltd., Far North District Council, Martin Aircraft Company Ltd, Jade Software Corporation Ltd, The Boeing Co, Vard Marine Inc, Roboteam, General Dynamics Corp, and Thales Australia Ltd.
Market Report Overview
Market size (2022) | $3.4 billion |
CAGR | <(4) % |
Forecast Period | 2023-2027 |
Key sectors | Military Fixed-Wing, Naval Vessels and Surface Combatants, Military Ammunition, Military Rotorcraft, Military Land Vehicles, Military Radar, Tactical Communications, Electronic Warfare, Military Simulation and Training, EOIR, Underwater Warfare Systems, Unmanned Ground Vehicles, INS GNSS, Artillery, Military UAVs, and Body Armor and Personal Protection |
Key companies | Beca Group Ltd, Eurocopter International Pacific (NZ) Pty ltd., Far North District Council, Martin Aircraft Company Ltd, Jade Software Corporation Ltd, The Boeing Co, Vard Marine Inc, Roboteam, General Dynamics Corp, and Thales Australia Ltd |
Scope
This report provides:
- A detailed analysis of the New Zealand 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 New Zealand military doctrine and strategy to provide a comprehensive overview of New Zealand military procurement regulation.
- Examination of political alliances and perceived security threats to New Zealand; 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 New Zealand’s Defense industry.
Reasons to Buy
- Determine prospective investment areas based on a detailed trend analysis of the New Zealand 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 New Zealand 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 New Zealand 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 New Zealand 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 contract awarded, and financial analysis, wherever available.
Table of Contents
Frequently asked questions
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What is the New Zealand Defense budget in 2022?
New Zealand Defense budget stands at $3.4 billion in 2022.
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What is the New Zealand Defense market growth rate?
The New Zealand Defense market is expected to decline at a CAGR of more than 4% during 2023-27.
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What are the key sectors in the New Zealand Defense market?
The key sectors in the New Zealand Defense market are military fixed-wing, naval vessels and surface combatants, military ammunition, military rotorcraft, military land vehicles, military radar, tactical communications, electronic warfare, military simulation and training, EOIR, underwater warfare systems, unmanned ground vehicles, INS GNSS, artillery, military UAVs, and body armor and personal protection.
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Which are the key companies in the New Zealand Defense market?
Some of the key companies in the New Zealand Defense market are Beca Group Ltd, Eurocopter International Pacific (NZ) Pty ltd., Far North District Council, Martin Aircraft Company Ltd, Jade Software Corporation Ltd, The Boeing Co, Vard Marine Inc, Roboteam, General Dynamics Corp, and Thales Australia Ltd.
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