China Defense Industry Outlook 2024 - 2028

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

Key Market Indicators

China's defense expenditure is projected to hit $382 billion by 2028, rising from approximately $309 billion in 2023. This reflects an annual compound growth rate of 3.4%. Since 1994, China's defense spending has seen a consistent increase, averaging a 5.9% rise each year. In 2023, the nation secured the second spot in global defense spending, trailing only the United States, which led with an identical figure of around $309 billion. Following China in the rankings are Russia and India, occupying the third and fourth positions, respectively.

Latest reports

Defense in China - 2024 Q4

The fourth quarter of 2024 marks a significant period for China's defense market, characterized by strategic advancements and geopolitical maneuvering. As China continues...

China Defense Market Data and Forecasts

China Defense : how will it grow in the coming years?

Forecast: Military Expenditure in China
Forecast: Military Expenditure in China
Forecast: Military Expenditure in China
Forecast: Military Expenditure in China
Forecast: Arms Exports by China
Forecast: Weapons Imports in China

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