New Zealand Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

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New Zealand Defense Market Report Overview

As of 2023, the New Zealand defense budget was worth $3.3 billion. The country’s defense budget is set to see high levels of growth, registering a CAGR of more than 2% between 2024 and 2028. Factors such as growing terrorism, China’s increasing influence over the surrounding region, and the modernization of the country’s current inventory are driving the New Zealand defense market growth.

New Zealand Defense Market Outlook, 2023-2028 ($ Billion)

New Zealand Defense Market Outlook, 2023-2028 ($ Billion)

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The New Zealand defense market research report provides the market size forecast and the projected growth rate for the next five years. Furthermore, our analysts have carried out a comprehensive industry analysis to determine key market drivers, emerging technology trends, key sectors, and major challenges faced by market participants, in this report. The New Zealand defense market study has also assessed key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Market Size (2023) $3.3 Billion
CAGR (2024-2028) >2%
Forecast Period 2024-2028
Historical Period 2019-2023
Key Drivers ·        China’s Increasing Influence

·        Modernization of The Armed Forces

·        Terrorism

Key Sectors ·        Military Fixed Wing Aircraft

·        Tactical Communication Systems

·        Military Simulation & Training

·        Electronic Warfare Systems

·        Naval Vessels and Surface Combatants

Leading Companies ·        Lockheed Martin Corp

·        The Boeing Co

·        Thales Australia Ltd

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New Zealand Defense Market Drivers

The key factors driving the New Zealand defense market growth are China’s increasing influence, modernization of the armed forces, and rising terrorism activities.

China’s increasing influence: Chinese strategic regional influence has increased drastically over the last decade owing to its burgeoning trade ties in the region. The increasing influence of China can also be attributed to its proclivity to announce extravagant and often bold investment initiatives. Chinese influence is a significant cause of concern for major nations as the country has been known to leverage its trade ties to extract strategic concessions. Moreover, the continued Chinese militarization of the East China and South China Seas poses a serious security risk to New Zealand. As a result, New Zealand is poised to invest in its defense budget to combat such security threats, which, in turn, will fuel New Zealand defense market growth in the coming years.

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New Zealand Military Doctrines and Defense Strategies

Non-conventional security challenges that have implications for New Zealand’s security interests are shaping the current strategic environment of the country. For instance, North Korea and China continue to be a focal point of New Zealand’s doctrine. The defense forces have been traditionally trained for conventional military operations and the New Zealand defense forces must still do so. The New Zealand defense forces must also have the flexibility and versatility to continue to contribute to international efforts to counter asymmetric threats. The major challenges to the country include containing the fallout from increasing intrastate conflict and responding to the breakdown of law and order in weak, failing, and failed states among others.

A maritime security sector can deter adversaries, reduce harm to New Zealand’s communities, and exert effective Kaitiakitanga (guardianship) of the sea. The maritime security sector’s contribution to national security is guided by four interlocking pillars: Understand, Engage, Prevent, and Respond. These pillars describe how an efficient and effective system goes about achieving maritime security. The pillars are underpinned by two supporting principles – the multi-agency approach and Kaitiakitanga (guardianship). In addition, New Zealand’s maritime security sector comprises several government agencies and stakeholders with maritime domain risk management and support responsibilities. These agencies are brought together under the Maritime Security Oversight Committee (MSOC). The agencies are responsible for the incorporation of governance, policy, intelligence, and operational coordination functions.

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New Zealand Defense Market Segmentation by Sectors

The key sectors in the New Zealand defense market are military fixed-wing aircraft, tactical communication systems, military simulation & training, electronic warfare systems, and naval vessels and surface combatants among others. In 2023, the most attractive sector in New Zealand’s defense market was military fixed-wing aircraft, followed by naval vessels and surface combatants.

The military fixed-wing aircraft segment is predicted to be the largest sector in the New Zealand’s defense market between 2023 and 2028. Factors such as heavy investments in the market for transport aircraft and maritime patrol aircraft will propel the market growth.

New Zealand Defense Market Analysis by Sectors, 2023 (%)

New Zealand Defense Market Analysis by Sectors, 2023 (%)

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New Zealand Defense Market - Competitive Landscape

A few of the leading defense companies operating in New Zealand are Lockheed Martin Corp, Boeing Co, and Thales Australia Ltd. New Zealand signed a contract with Lockheed Martin to acquire five C-130J-30 Super Hercules transport aircraft in 2020. The country selected these aircraft to replace the current Hercules fleet. In addition, the government approved more than $20 million to upgrade systems in the Air Force’s NH90 helicopters to comply with regulatory and operational requirements.

New Zealand Defense Market Analysis by Companies

New Zealand Defense Market Analysis by Companies

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Segments Covered in the Report

New Zealand Defense Market Sectors Outlook (Value, $ Billion, 2019-2028)

  • Military Fixed-Wing Aircraft
  • Tactical Communication Systems
  • Military Simulation & Training
  • Electronic Warfare Systems
  • Naval Vessels and Surface Combatants


The report provides:

  • Detailed analysis of the New Zealand 2023 defense budget broken down into market size and market share.
  • Overview of key current and future acquisitions.
  • Explanation of the procurement policy and process.
  • Analysis of New Zealand’s military doctrine and strategy to provide a comprehensive overview of New Zealand’s military regulation.
  • Outline of political alliances and perceived terrorism to New Zealand and 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.

Key Highlights

• Drivers of Defense expenditure include China’s increasing Influence, Modernization of the armed forces, Terrorism

• Major ongoing procurement program include procurement of P-8A, C-130J

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 informed business decisions based on an in-depth analysis of the competitive landscape, consisting of detailed profiles of the top defense equipment providers in New Zealand. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.

Thales Australia
Boeing Co.
Lockheed Martin Corp

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historic And Forecast

Drivers Of Defense Expenditure

Military Doctrine And Security Environment

Military Doctrine And Strategy

Strategic Alliances and Geopolitics

Political, Social and Economic Scenario

Market Entry Strategy And Regulations

Defense Procurement Bodies

Trade Associations and Defense Clusters

Procurement Policy and Market Regulations

Market Entry Routes

Key Challenges

Major Deals and M&A

Market Attractiveness By Defense Sector

Top Sectors in the New Zealand Defense Market

Top Defense Segments By Value

Defense Platform Acquisitions

Defense Platform Acquisitions By Value



Southern Ocean Patrol Vessel (SOPV)

Fleet Size


Air Force

Competitive Landscape

Defense Companies Operating In New Zealand

Main Defense Companies


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