Global Future of the Vietnamese Defense Industry Market Attractiveness, Methodology, Market Scenario, Competitive Landscape, Analysis, Scope, Future and Forecasts to 2023

A newly compiled business intelligent report, titled “Global Future of the Vietnamese Defense Industry Market” has been publicized to the vast archive of Market Research Hub (MRH) online repository. The study revolves around the analysis of Future of the Vietnamese Defense Industry market, covering key industry developments and market opportunity map during the mentioned forecast period. This report further conveys quantitative & qualitative analysis on the concerned market, providing a 360 view on current and future market prospects. As the report proceeds, information regarding the prominent trends as well as opportunities in the key geographical segments have also been explained, thus enabling companies to be able to make region-specific strategies for gaining competitive lead.

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Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023

Summary

"Future of the Vietnamese Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023", published by Strategic Defence Intelligence, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of Vietnamese defense industry 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 - 
- Vietnamese defense industry market size and drivers: detailed analysis of Vietnamese defense industry during 20192023, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget. It also details the key challenges faced by defense market participants within the country
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities: details of the top defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of Vietnamesen defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

- Conflicts in the South China Sea and the need to replace obsolete military equipment have driven Vietnams defense expenditure throughout 20142018 and are expected to do so over the forecast period. Vietnams defense budget grew from US$4.3 billion in 2014 to US$5.4 billion in 2018, at a CAGR 6.14%.
- The Vietnamese Government is expected to maintain a steady allocation of an average of 32.3% of defense budget for capital expenditure over the forecast period, which is same as average of 32.3% between 2014 and 2018.
- The country is expected to procure military equipment to boost its naval strength and maritime security in order to counter the threat from Chinas growing naval strength in the South China Sea. In addition, Vietnam intends to procure military equipment such as corvettes, patrol vessels, frigates, submarines, aircraft, missiles, and armored vehicles as part of its modernization program.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of Vietnamese defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of Vietnamese defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

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Table of Contents
1. Introduction 7
1.1. What is this Report About? 7
1.2. Definitions 7
1.3. Summary Methodology 11
1.4. About Strategic Defence Intelligence 13
2. Executive Summary 14
3. Market Attractiveness and Emerging Opportunities 16
3.1. Current Market Scenario 18
3.1.1. Military Fleet Size 18
3.1.2. Procurement Programs 22
3.1.3. Key Drivers and Challenges 24
3.2. Defense Market Size Historical and Forecast 26
3.2.1. Defense expenditure is projected to grow at a CAGR of 7.05% during the forecast period 26
3.2.2. Military modernization and the crisis in the South China Sea are expected to be the prime factors driving Vietnamese military expenditure 29
3.2.3. Defense expenditure as a percentage of GDP is expected to hover at 2.1% over the forecast period 32
3.3. Analysis of Defense Budget Allocation 34
3.3.1. Share of capital expenditure in the overall defense budget is expected to increase 34
3.3.2. Vietnams capital expenditure is expected to grow at a CAGR of 7.03% over the forecast period 36
3.3.3. Per capita defense expenditure to be US$76.9 by 2023 39
3.4. Homeland Security Market Size and Forecast 41
3.4.1. Homeland security expenditure is expected to be US$4.5 billion by 2023 41
3.4.2. The main factors driving homeland security expenditure are the illicit drugs trade and human trafficking 43
3.4.3. Vietnam faces a some level threat from foreign terrorist organizations 45
3.4.4. Vietnam faces negligible threat from foreign terrorist organizations 46
3.4.5. Vietnam has a minimal terrorism index score of 0 48
3.5. Benchmarking with Key Global Markets 49
3.5.1. Vietnamese defense expenditure is expected to remain low compared to leading spenders 49
3.5.2. Vietnam has a low defense expenditure compared to other Asian countries 51
3.5.3. Vietnams defense expenditure as a percentage of GDP is higher than leading Asian defense spenders 52
3.6. Defense Market Opportunities: Key Trends and Growth Stimulators 53
3.6.1. Top Defense Market Sectors by Value (US$ Million) - Projections over 2018-2023 53

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