Published on 8 Apr 2024 on Insider Monkey via Yahoo Finance

15 Biggest Defense Companies in Asia

In this article, we will discuss the 15 biggest defense companies in Asia. This article will focus on a detailed overview of the global defense spending patterns and the biggest players in the defense industry. If you want to skip our analysis, you can proceed to the section highlighting the 5 Biggest Defense Companies in Asia.

The Defense Industry: A Global & Regional Analysis

According to a report by Research and Markets, the global defense market has experienced rapid growth, increasing from $575.33 billion in 2023 to $616.32 billion in 2024. It is forecasted to further increase to $772.49 billion in 2028, growing at a compound annual growth rate (CAGR) of 5.8% over the projected period.