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Follow on Google News | South East Asia Defense Market Opportunity AnalysisBy: KuicK Research Almost every country in South-East Asia has a defense procurement program and this makes it one of the fastest-growing defense markets in the world. While greater details are provided elsewhere in this report the general trend has been that countries in this region have been adding to their sophisticated arsenal, modernizing and upgrading their equipment and arming themselves to avoid border disputes, regional security threats and as a deterrent. South East Asian countries have been shopping around for the best price, technology and the need to be not tied to one or a small group of suppliers. Vietnam procuring from India, France and other European nations, apart from its ‘regular ally’ Russia while Philippines buys from its regular partner US and other nations such as South Korea, Japan and Russia and the region’ “South East Asia Defense Market Opportunity Analysis” Regional & Country Level Defense Market Overview Market Attractiveness Parameters Defense Spending by Country Defense Contracts Future Buyout Plans Defense Spending Forecast End
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