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The Asia-Pacific military market is expected to grow by 27 percent from 2013–2017, with more than 60 percent of the growth accounted for by China alone.*

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With healthy economic growth, the Asia-Pacific region increasingly serves as the go-to market for defense suppliers. Peer competition and state-versus-state standoffs in the region drive defense spending upward.

 

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* “Forecast International Expects Defense Spending to Project Upward Across Asia-Pacific Region,” Globe News Wire, http://globenewswire.com/news-release/2013/10/31/585516/10055526/en/Forecast-International-Expects-Defense-Spending-to-Project-Upward-Across-Asia-Pacific-Region.html.