Japan Defense Market Expected to Grow at a CAGR of 2.52% during 2024-2032

Defense Market – Japan

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 2.52% (2024-2032)

According to the IMARC Group, Japan defense market is projected to exhibit a growth rate (CAGR) of 2.52% during 2024-2032. This market is expanding due to increased geopolitical tensions, technological advancements, and government investments in modernizing military capabilities, focusing on cybersecurity, missile defense, and advanced weapon systems.

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Japan Defense Market Trends and Drivers:

The rising demand to modernize military capabilities in response to regional security challenges is one of the factors responsible for the growth of the Japan defense market. Additionally, there is an escalating need for the market owing to the increasing geopolitical tensions in the Asia-Pacific region. This includes substantial investments in advanced technologies such as missile defense systems, fighter jets, and naval vessels. Moreover, recent shifts in the defense policy of the country, including the revision of its pacifist constitution to allow greater flexibility in military operations, are further driving the expansion of its defense market. The commitment by government authorities to increasing defense spending, as outlined in its multi-year defense plans, underscores the focus on strengthening its self-defense capabilities.

The growing focus on cybersecurity and space defense is further augmenting the Japan defense market. In addition to this, Japan is investing heavily in cybersecurity to protect its critical infrastructure from cyber threats with the increasing digitization of military operations. The rise of cyber warfare as a key component of modern conflict has led to the development of advanced cyber defense systems and the establishment of dedicated cyber defense units within the military. Furthermore, Japan is expanding its space defense capabilities, recognizing the strategic importance of space in national security. This includes investments in satellite technology and space situational awareness systems to protect assets in orbit. The broader strategy to build a comprehensive and modern defense framework capable of addressing both traditional and emerging security challenges is anticipated to drive the Japan defense market over the forecasted period.

Japan Defense Market Segmentation:

Breakup By Armed Forces:

• Air Force

• Army

• Navy

Breakup By Type:

• Personnel Training and Protection

• C4ISR and EW

• Vehicles

• Weapons and Ammunition

Breakup By Region:

• Kanto Region

• Kansai/Kinki Region

• Central/ Chubu Region

• Kyushu-Okinawa Region

• Tohoku Region

• Chugoku Region

• Hokkaido Region

• Shikoku Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• BAE Systems PLC

• Kawasaki Heavy Industries Ltd.

• Lockheed Martin Corporation

• Mitsubishi Heavy Industries Ltd

• Northrop Grumman

• ShinMaywa Industries, Ltd.

• Subaru Corporation (Toyota)

• Thales Group

• The Boeing Company

• The Japan Steel Works, LTD

• Toshiba Corporation

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Key highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• COVID-19 Impact on the Market

• Porter’s Five Forces Analysis

• Strategic Recommendations

• Historical, Current and Future Market Trends

• Market Drivers and Success Factors

• SWOT Analysis

• Structure of the Market

• Value Chain Analysis

• Comprehensive Mapping of the Competitive Landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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