Future of Taiwanese Defense Market Attractiveness, Competitive Landscape and 2018 Forecasts

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Primarily driven by a desire to deter potential threats from China, defense expenditure in Taiwan has grown over the past five years; Strategic Defence Intelligence’s new report – Future of the Taiwanese Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 – predicts that this trend will continue to 2018, with the rate of growth increasing to meet China’s growing assertiveness with regards to territorial claims. Despite this, it will be Homeland Security expenditure that will enjoy the most growth over the next five years.

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Defense Expenditure

The People’s Republic of China considers Taiwan to be its 23^rd province, and has threatened the use of military force should Taiwan declare independence. It has a history of using missiles to intimidate Taiwan’s government, and increased the number of ballistic and cruise missiles deployed along the Taiwan Strait to over 1,500 by 2012.

In order to equip itself for potential military confrontation with Chinese armed forces, Taiwan is acquiring advanced military hardware such as missile defense systems, submarines, and anti-submarine warfare aircraft. Rapid defense modernization plans being pursued by China have also mounted pressure on the Taiwanese Ministry of National Defense (MND) to increase its military budget, and this is expected to be a primary driver of the country’s defense expenditure to 2018.

It is worth noting that Taiwan’s military expansion is highly dependent on foreign suppliers, with limited domestic defense capabilities, obsolete military hardware, and strained relations with its neighboring nations compelling it to look far afield for the procurement of defense equipment. However, even this can prove problematic, as China perceives the sale of defense equipment to Taiwan as a threat to Chinese sovereignty; consequently, some countries with significant defense capabilities have simply refused to supply military hardware to Taiwan in order to maintain amicable relations with China.

Consequently, the US has traditionally been the major supplier of defense equipment to Taiwan. However, it was joined by Germany in 2009, which broke the unofficial arms embargo on Taiwan and began selling engines to the country. Since then, whilst Germany has captured a significant chunk of the Taiwanese defense import market, the US has remained its major defense trading partner.

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Homeland Security

Despite the noteworthy growth anticipated in Taiwan’s military expenditure over the next five years, the growth of its homeland security expenditure is expected to surpass the growth rate of the defense market, reaching an estimated US$X.X billion by 2018.

This growth will be driven by concerns regarding illicit drug trafficking and illegal immigration, the risk of which are heightened as a result of the island’s close proximity to several other countries. Additionally, Homeland Security equipment manufacturers will experience increased demand for equipment capable of preventing terrorist attacks and mass protests. Furthermore, Strategic Defence Intelligence expects the country to invest in border surveillance equipment such as CCTV and biometric identification systems, and improve its equipment for the protection of critical infrastructure, borders, and maritime security over the next 5 years.

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Major Points in a Table of Content

7 Competitive Landscape and Strategic Insights
7.1. Competitive Landscape Overview
7.2. Key Domestic Companies
7.2.1. Aerospace Industrial Development Corporation (AIDC): overview
7.2.2. Aerospace Investment Industrial Development Corporation (AIDC): products
7.2.3. Aerospace Industrial Development Corporation (AIDC): recent announcements and strategic initiatives
7.2.4. Aerospace Industrial Development Corporation (AIDC): alliances
7.2.5. Aerospace Industrial Development Corporation (AIDC): recent contract awards
7.2.6. Chung-Shan Institute of Science and Technology (CSIST): overview
7.2.7. Chung-Shan Institute of Science and Technology (CSIST): products
7.2.8. Chung-Shan Institute of Science and Technology (CSIST): recent announcements and strategic initiatives
7.2.9. Chung-Shan Institute of Science and Technology (CSIST): alliances
7.2.10. China Shipbuilding Corporation (CSBC), Taiwan: overview
7.2.11. China Shipbuilding Corporation (CSBC), Taiwan: products
7.2.12. China Shipbuilding Corporation (CSBC), Taiwan: alliances
7.2.13. The Combined Service Forces (CSF): overview
7.2.14. The Combined Service Forces (CSF): products
7.2.15. The Combined Service Forces (CSF): alliances

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