Vietnam Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2027

Vietnam Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2027 report provides the market size forecast and the projected growth rate for the next five years. The report covers 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 military platforms over the forecast period.

Vietnamese defense expenditure recorded a CAGR of 4.5% during 2018-22 and stood at $5.8 billion in 2022. Over 2023-27, it is forecast to register a CAGR of 8.5% to value $8.5 billion in 2027. 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. In terms of local currency, Vietnamese defense expenditure recorded a CAGR of 5.9% during 2018-22 and stood at VND138.5 trillion in 2022, while over 2023-27, it is forecast to register a robust CAGR of 11.3% to value VND228.2 trillion in 2027.

This report offers detailed analysis of Vietnam 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.

Key Highlights

• Drivers of Defense expenditure include Military modernization, and South China Sea dispute. Major ongoing procurement programs include procurement of Su-57, Yak-130, UAV Henron.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Scope

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

• Vietnam defense budget: detailed analysis of Vietnam FY2021 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of Vietnam military doctrine and strategy to provide a comprehensive overview of Vietnam military regulation. - Security Environment: political alliances and perceived security threats to Vietnam are examined; there help to explain trends in spending and modernisation.
• Import and Export Dynamics: analysis of prevalent trends in the country’s imports and exports over the last five years
• Competitive landscape and strategic insights: analysis of the competitive landscape of the Vietnam defense industry.

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
• Channel 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