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China Defense Industry Outlook 2022 - 2026

See how China Defense performed compared to key markets such as the United States and India.

Key Market Indicators

China is set to outspend all other countries on defence over the next five years. According to figures released, the country's defence expenditure is projected to grow by $48 billion to reach $310 billion by 2026. This represents an average annual growth rate of 2.7% since 1994. The United States, the world's largest defence spender, is expected to spend $261 billion in 2021. China, India and Russia are the second, third and fourth-largest defence spenders respectively.

China Defense Market Data and Forecasts

How much will China Defense Market grow to 2026?

Forecast: Military Expenditure in China
Forecast: Military Expenditure in China
Forecast: Military Expenditure in China
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