Analysis 2 The Military Market for Asia, Australia & Pacific Rim

摘要

The Asia-Pacific region represents arguably the most dynamic defense market in the world. China serves as the instrumental element in Asia-Pacific defense market growth, and, with the world's second-largest defense market, continues to set the pace for the region. That pace - and its strategic security implications - in turn has a profound ricochet effect on the rest of the regional actors. Due to its geopolitical underpinnings, significant demographic pools, and still-developing economies, combined with the slow but steady shift in global wealth from West to East, the Asia-Pacific defense market constitutes nearly a full quarter of total global military expenditures. China's defense expenditures currently amount to 44 percent of the regional total, with its principal regional rivals - India, Japan and Taiwan - combining for another 26 percent.