Taiwan Defence and Security Report 2016 - Business Monitor International - Industry Reports

Taiwan Defence and Security Report 2016

Taiwan Defence and Security Report 2016 - Business Monitor International - Industry Reports
Taiwan Defence and Security Report 2016
Published Mar 12, 2016
45 pages — Published Mar 12, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

...in ----) remains small compared to its immediate neighbours; South Korea (--.-bn) and in particular, China (USD---bn). ...The defence budget has, since peaking in ----, been on a decline over the time President Ma Ying-jeou has been in office. Indeed, owing to Ma and his administration s China-friendly stance and warming of relations with the mainland, defence expenditure as a percentage of GDP fell from a high of -.- in ---- to -.- in ----, averaging a meagre -.-- y-o-y growth in dollar terms over the past five years. Going forward, newly elected-president Tsai Ing-wen and her independence-leaning Democratic Progressive Party (DPP) will seek to halt this downwards trend in regards to defence spending. ...We note, however, that the effects of Tsai s defence development policies are unlikely to be felt until mid----- as policy implementation is unlikely to commence until the second half of ----. As such, we forecast a -.- y-o-y uptick in defence expenditure in ---- and a stronger -.- y-o-y growth in ----, reaching a forecast defence expenditure of USD--.-bn and --.-bn, respectively.

...Over the coming years, we expect defence spending to be invested towards continued personnel reform as well improving Taiwan s anti-access and area denial (A-/AD) capabilities, as this is key to Taipei s deterrence strategy against China. As organisational hierarchy within the ROC Armed Forces is flattened and personnel numbers (and consequently personnel costs) are lowered, spending will be focused more on professionalising and modernising the small force. ...As organisational hierarchy within the ROC Armed Forces is flattened and personnel numbers (and consequently personnel costs) are lowered, spending will be focused more on professionalising and modernising the small force. In terms of A-/AD capacity, although submarines and more-advanced fighter aircraft provide the mainstay of such capabilities, we do not expect the procurement of complete submarines/fighter aircraft over our forecast period to ---- - though the development programmes of such platforms could see some progress over the medium- to long-term. Instead, we highlight that Taiwan will look to further upgrade its existing Mirage ------, F---A/B and Indigenous Defence Fighter fleet, and replace its AT-- and F--E/F jet trainers. ...Similarly, cybersecurity capabilities have both military and general business applicability. This strategy would allow Taiwan s military capabilities to develop along humanitarian assistance/disaster response lines, presenting minimal aggression towards China.

...< ALACRA META ABSTRACT>BMI View: With President-elect Tsai Ing-wen s independence-leaning administration taking office in May ----, relations with mainland China have cooled. In comparison to China s People s Liberation Army, Taiwan s military is small in size, and lacks technologically advanced equipment. ...Taiwan s armed forces are being restructured and professionalised, which eventually will mean that a greater share of the defence budget can be directed towards R&D and new procurement, rather than personnel costs. The domestic defence sector boasts design and development capabilities in a range of segments, however, more technologically advanced military equipment still needs to be imported from the US. Apart from the US, most countries avoid defence exports to, and industry collaboration with Taiwan, in fear of the potential loss of Chinese goodwill. Exports are similarly affected by the island s ambiguous sovereignty status. ...

  
Source:
Document ID
1749-169X
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Taiwan Defence and Security Report 2016" Mar 12, 2016. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Taiwan-Defence-and-Security-Report-2016-2026-33>
  
APA:
Business Monitor International - Industry Reports. (2016). Taiwan Defence and Security Report 2016 Mar 12, 2016. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Taiwan-Defence-and-Security-Report-2016-2026-33>
  
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