Description

The defense budget in Asia Pacific is steadily increasing and opening opportunities in each segment. The trends of spending and focus of spending by major countries - Japan, South Korea, Australia, Indonesia, Singapore and Taiwan - are identified. With economic constraints, Japan procurement budget is estimated to decrease while Indonesia with its increasing economic flexibility will have the highest growth in budget by 2020. Australia, Korea and Singapore have planned procurement programs and have a consistent growth over the next 10 years. United States senate approval for arms procurement to Taiwan has hindered procurement programs and is estimated to ease out. The procurement budgets are segmented based on end users and country wise.