Product
Synopsis
This report is the result of SDI’s extensive market
and company research covering the Japanese defense industry, and provides
detailed analysis of both historic and forecast defense industry values
including key growth stimulators, analysis of the leading companies in the
industry, and key news.
Introduction
and Landscape
Why
was the report written?
The Future of the Japanese Defense Industry – Market
Attractiveness, Competitive Landscape and Forecasts to 2017 offers the reader
an insight into the market opportunities and entry strategies adopted by
foreign original equipment manufacturers (OEMs) to gain market share in the
Japanese defense industry.
What
is the current market landscape and what is changing?
The Japanese defense expenditure increased at a CAGR
of 3.90% during the review period and valued US$58.6 billion in 2013. The focus
of the Japanese government will be the modernization of equipment, procurement,
and the training and development of personnel.
What
are the key drivers behind recent market changes?
Japanese defense expenditure is mainly driven by
threats from North Korea’s long-range ballistic missiles and China’s maritime
expansion. Intrusion in coastal areas, organized crime, natural disasters will
drive the Japanese Homeland Security expenditure
What
makes this report unique and essential to read?
The Future of the Japanese Defense Industry – Market
Attractiveness, Competitive Landscape and Forecasts to 2018 provides detailed
analysis of the current industry size and growth expectations from 2014 to
2018, including highlights of key growth stimulators. It also benchmarks the
industry against key global markets and provides a detailed understanding of
emerging opportunities in specific areas.
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Key Features and Benefits
- The report provides detailed analysis of the
current industry size and growth expectations from 2014 to 2018, including
highlights of key growth stimulators, and also benchmarks the industry against
key global markets and provides a detailed understanding of emerging
opportunities in specific areas.
- The report includes trend analysis of imports and exports,
together with their implications and impact on the Japanese defense industry.
- The report covers five forces analysis to identify
various power centers in the industry and how these are expected to develop in
the future.
- The report allows readers to identify possible
ways to enter the market, together with detailed descriptions of how existing
companies have entered the market, including key contracts, alliances, and
strategic initiatives.
- The report helps the reader to understand the
competitive landscape of the defense industry in Japan. It provides an overview
of key defense companies, both domestic and foreign, together with insights
such as key alliances, strategic initiatives, and a brief financial analysis.
Key
Market Issues
- The ban on exports imposed by the Japanese
government severely affected the Japanese defense industry. The ban restricted
Japanese companies from the joint production of equipment and technology with
other technologically advanced countries. Japan is not able to achieve economies
of scale and related benefits, thereby making domestic production cost
extremely high. Although, Japan is technologically advanced, developing
state-of-the-art defense equipment is expensive, leading the country to buy
expensive overseas equipment.]
- The ban imposed by the Japanese government on arms
exports made it difficult for defense companies in Japan to maintain
profitability. Despite the relaxation of the ban, Japanese defense companies
still have limitations in terms of arms exports and are still subject to
government approval; most importantly, companies will still be prevented from
selling equipment to other countries.
Key
Highlights
- Japanese
defense companies are highly advanced and sophisticated in terms of defense
equipment manufacturing, yet Japanese defense industries restrict themselves to
tanks, warplanes, helicopters, and warship. This creates the strong need to
enter joint development programs with other technological advanced countries.
To procure other important defense equipment such as missile defense systems
and aircraft, Japanese companies purchase license from foreign firms. These
acquisitions of developed and tested technologies account for the majority of
Japan’s defense imports. As part of the procurement program, Japan signed a
contract with the US based Lockheed Martin for the procurement of F-35
Lightning II fighter aircraft. Japan has spent US$756.5 million in this
contract. Japan began its F-35 acquisition from 2011, and this will run
throughout the forecast period. Furthermore, Japan will acquire the last chunk
of 30 aircraft from 2016 onwards.
- Japan recently ended the ban on exports due to
pressures from domestic defense companies. Despite the highly competitive
market, the domestic defense industry has found it difficult to operate due to
the low quantity of procurements. This also discourages them from investing in
new research and development, as the absence of potential foreign customers
limit the sales of a product. The policy revision is expected to allow Japanese
defense companies to participate in joint development programs with other
countries.
- The obtainment of F-35 fighter aircraft will be
the key procurement of Japan’s import over the forecast period. The Japanese
MoD signed the procurement contract with Lockheed Martin, US, which runs from
2011 to 2016, and possibly beyond. The estimated cost of this contract is
US$756.5 million. This contract consists of the procurement of 42 conventional
takeoff-and-landing aircraft, which makes it the key import for Japan during
the forecast period
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Table of Content
1 Introduction
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities
4 Defense Procurement Market Dynamics
5 Industry Dynamics
7 Competitive Landscape and Strategic Insights
8 Business Environment and Country Risk
9 Appendix
