China Aerospace and Defense Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The market size of military aerospace and defense market includes the sum of the revenues generated from signed deals that remain under contract and new contracts signed within a particular calendar year.
• The Chinese aerospace & defense market had total revenues of $26.2 billion in 2022, representing a negative compound annual growth rate (CAGR) of 2.5% between 2017 and 2022.
• The systems & ordnance segment accounted for the market's largest proportion in 2022, with total revenues of $13.9 billion, equivalent to 53.2% of the market's overall value.
• China’s tense relationship with India necessitates higher defense spending. China is the second largest military spender worldwide, next to the US. According to GlobalData, in 2022, the defense expenditure of China stood at $226.5 billion, witnessing a growth of 29.1% over 2019.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the aerospace & defense market in China
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the aerospace & defense market in China
• Leading company profiles reveal details of key aerospace & defense market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the China aerospace & defense market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the China aerospace & defense market by value in 2022?
• What will be the size of the China aerospace & defense market in 2027?
• What factors are affecting the strength of competition in the China aerospace & defense market?
• How has the market performed over the last five years?
• Who are the top competitors in China's aerospace & defense market?