The Asia-Pacific region remains the most dynamic security environment globally. The war in Ukraine refocused nations on bolstering defenses, particularly against China’s growing military power. Countries like Japan and Taiwan are significantly increasing defense spending to counter this perceived threat.
Traditionally reliant on Russian equipment, some countries are diversifying their arms suppliers. There’s a growing trend of nations linking arms purchases with developing their own domestic defense industries. This means foreign vendors will need to partner with local companies to secure contracts.
China is taking the lead in developing crucial dual-use technologies with both civilian and military applications. This includes advancements in robotics, AI, and high-performance computing. This trend, combined with rising tensions, suggests a continued surge in military investment across the region.
To further explore these insights and additional spending forecasts from Forecast International analysts, please download our Global Defense Spending Annual Snapshot series at www.forecastinternational.com
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