In recent years, Asia has seen increased defence import activity, particularly in the aerospace and naval sectors.
International suppliers have benefited from defence business in the region, such as the AW159 helicopter contract with South Korea won by a business in the UK, and the build of Hawk aircraft for the Indian government. In 2018, it was reported that India had overtaken the UK in terms of defence spending, making the country the fifth-largest defence spender in the world.
Asia’s Defence Industry Is Growing
China and Japan are two of Asia’s highest spenders in terms of defence industrial capability.
Economic growth and a push for military self-sufficiency has led to investment across defence industrial competencies in the countries’ land, sea, air and electronics domains. This means that the opportunities for suppliers are extremely varied.
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