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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