The Vietnamese Defense Market – Attractiveness, Competitive Landscape and Forecasts to 2025

The Vietnamese Defense Market – Attractiveness,

Competitive Landscape and Forecasts to 2025



Summary



The Vietnamese Defense Market -Attractiveness, Competitive Landscape and Forecasts to 2025 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next five years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for maritime and border security market over the forecast period.



The Vietnamese defense expenditure recorded a CAGR of -0.47% over the historic-period and stood at US$4.9 billion in 2020. Territorial claims in the South China Sea and the increasing strength and assertiveness of the Chinese armed forces have spurred the Vietnamese government to enhance its military capabilities.



This report offers detailed analysis of the Vietnamese defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.



In particular, it provides an in-depth analysis of the following –

– The Vietnamese defense industry market size and drivers: detailed analysis of the India’s defense industry during 2021-2025, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the country’s expenditure and modernization patterns

– Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country

– Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years

– Market opportunities:list of the top ten defense investment opportunities over the next 5 years

– Competitive landscape and strategic insights: analysis of the competitive landscape of the Vietnamese defense industry.



Scope



– Territorial dispute in South China Sea coupled with armed forces mordernization are expected to drive the defense expenditure over the forecast period.

– Vietnam’s major military equipment suppliers were Russia, Israel, and Belarus during 2015-2019



Reasons to Buy



– Determine prospective investment areas based on a detailed trend analysis of the Vietnam defense market over the next five years

– Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the Vietnam market and identify the opportunities offered.

– Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others

– Identify the major threats that are driving the Vietnam defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion

– Channelize resources by focusing on the ongoing programs that are being undertaken by the Vietnam government

– Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country.

– The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available



Companies Mentioned:

The Shipbuilding Industry Corporation (SBIC)

Sukhoi

Admiralty Shipyards

DamenSchelde Naval Shipbuilding

Ritesh Tiwari is the Founder of Research By Markets. He has more than 7 years experience in the Market Research industry and a total experience spanning 18+ years. His core experience is in Sales and International Recruitments. Ritesh is a big foodie and a huge football fan, supporting Manchester United (EPL) and FC Barcelona (La Liga). He hardly misses watching any matches when these teams are playing. Get in touch with Ritesh via: enquiry@researchbymarkets.com *Industry Press Release is a part of Research By Markets.