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The SIS Asia Business Journal

Gain insight into Asian business and markets from a market research perspective. Explore competitive markets and emerging trends.

Entries in leadership in the defense industry (1)

Sunday
Jul252010

Trends in Aerospace and Defense Industries

Relative to Europe and the Americas, Asia's security situation is increasingly fluid.  Emerging superpowers, weapons proliferation and nuclear tensions are key movements in the defense industry.

 

Increased nuclearization among Emerging Markets, particularly China, India, Pakistan, and Iran, has created geopolitical tensions and new demands for defense offerings.  Meanwhile, political calls are growing in developed nations for collaborative efforts toward reduced nuclearization

 

Conversely, weapons imports have grown dramatically in South East Asia over the past few years.  Malaysia, Singapore and Indonesia are leading the growth with triple and double digit growth in weapons imports.  
In addition, defense budgets in Asia are on the rise.  The rise is being lead by regional tensions and a desire for more sophisticated technologies.  Recently China has publicly announced its advanced capabilities to destroy ballistic missiles and demonstrated its defense capabilities in space.

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