The Thai Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017
Thai defense expenditure expected to increase at a CAGR of 14.56% during the forecast period Thai military spending, estimated at US$5.6 billion in 2011, has increased at a CAGR of 21.15% during the review period and is projected to register a CAGR of 14.46% during the forecast period to reach US$9.7 billion by 2015. Thai defense expenditure is expected to be driven by modernization initiatives in addition to border disputes, security threats and an arms race with neighboring countries. Moreover,...
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