Market Forecast By Type (Aerospace, Defense), By Operation (Autonomous, Manual), By Component (Weapon System, Fire Control System, Command & Control System, Others) And Competitive Landscape
Product Code: ETC240210 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Aerospace and Defense Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at -61.12% in 2025, the market peaks at 1346.06% in 2026, and settles at -0.86% by 2029.
The Aerospace and Defense market in Vietnam is projected to grow at a exponential growth rate of 45.32% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The Vietnam Aerospace and Defense market is a crucial component of the nation`s security and technological advancement. The market encompasses aerospace systems, defense equipment, and related technologies. Vietnam`s strategic geopolitical position contributes to the growth of its aerospace and defense capabilities. Government investments, collaborations with international defense partners, and a focus on indigenous research and development drive the market`s expansion, making it a key player in the regional defense landscape.
The Vietnam Aerospace and Defense market are experiencing growth driven by increased defense spending and modernization efforts. The geopolitical landscape in the region has led to a focus on strengthening the country`s defense capabilities. Investments in advanced technology, including aircraft, surveillance systems, and cybersecurity, are key drivers of this market. The government`s commitment to enhancing national security and its efforts to build a robust indigenous defense industry further contribute to the growth of the aerospace and defense sector.
The Vietnam Aerospace and Defense market face challenges as it navigates through geopolitical uncertainties, evolving security threats, and budget constraints. The demand for modernization and technological advancements in defense capabilities creates opportunities, but strict regulations, international competition, and the need for strategic partnerships pose significant challenges. Navigating these complexities while ensuring national security and compliance with global standards will be pivotal for the sustained growth of the aerospace and defense sector in Vietnam.
The COVID-19 pandemic has brought challenges to the Vietnam Aerospace and Defense market, affecting both military and civilian sectors. The defense industry faced disruptions in manufacturing, delayed procurement processes, and a shift in budget priorities. The aerospace sector experienced decreased demand for commercial aircraft, impacting revenues. As nations focus on recovery, there is an opportunity for the Vietnamese aerospace and defense market to modernize and invest in technologies that enhance national security and resilience.
The Vietnam aerospace and defense market feature major players such as Viettel Group, a prominent Vietnamese defense industry player involved in the development and production of defense technologies. Viet Defense, another key player, specializes in aerospace and defense solutions, contributing to the nation`s strategic capabilities. These companies, along with others like ADS Group, play a crucial role in bolstering Vietnam`s aerospace and defense capabilities through innovation, research, and development.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Aerospace and Defense Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Aerospace and Defense Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Aerospace and Defense Market - Industry Life Cycle |
3.4 Vietnam Aerospace and Defense Market - Porter's Five Forces |
3.5 Vietnam Aerospace and Defense Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Aerospace and Defense Market Revenues & Volume Share, By Operation, 2021 & 2031F |
3.7 Vietnam Aerospace and Defense Market Revenues & Volume Share, By Component, 2021 & 2031F |
4 Vietnam Aerospace and Defense Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing defense budget allocation by the government of Vietnam |
4.2.2 Growth in air travel and tourism industry in Vietnam |
4.2.3 Rising geopolitical tensions in the region leading to a focus on defense capabilities |
4.3 Market Restraints |
4.3.1 Technological challenges and dependence on foreign suppliers for advanced aerospace and defense equipment |
4.3.2 Limited domestic manufacturing capabilities in the aerospace and defense sector |
5 Vietnam Aerospace and Defense Market Trends |
6 Vietnam Aerospace and Defense Market, By Types |
6.1 Vietnam Aerospace and Defense Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Aerospace and Defense Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Aerospace and Defense Market Revenues & Volume, By Aerospace, 2021-2031F |
6.1.4 Vietnam Aerospace and Defense Market Revenues & Volume, By Defense, 2021-2031F |
6.2 Vietnam Aerospace and Defense Market, By Operation |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Aerospace and Defense Market Revenues & Volume, By Autonomous, 2021-2031F |
6.2.3 Vietnam Aerospace and Defense Market Revenues & Volume, By Manual, 2021-2031F |
6.3 Vietnam Aerospace and Defense Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Aerospace and Defense Market Revenues & Volume, By Weapon System, 2021-2031F |
6.3.3 Vietnam Aerospace and Defense Market Revenues & Volume, By Fire Control System, 2021-2031F |
6.3.4 Vietnam Aerospace and Defense Market Revenues & Volume, By Command & Control System, 2021-2031F |
6.3.5 Vietnam Aerospace and Defense Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Aerospace and Defense Market Import-Export Trade Statistics |
7.1 Vietnam Aerospace and Defense Market Export to Major Countries |
7.2 Vietnam Aerospace and Defense Market Imports from Major Countries |
8 Vietnam Aerospace and Defense Market Key Performance Indicators |
8.1 Percentage of defense budget allocated to aerospace and defense sector |
8.2 Number of foreign partnerships and technology transfer agreements in the aerospace and defense industry |
8.3 Percentage increase in domestic production of aerospace and defense equipment in Vietnam |
8.4 Number of research and development initiatives in the aerospace and defense sector |
8.5 Level of government support and incentives for the aerospace and defense industry |
9 Vietnam Aerospace and Defense Market - Opportunity Assessment |
9.1 Vietnam Aerospace and Defense Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Aerospace and Defense Market Opportunity Assessment, By Operation, 2021 & 2031F |
9.3 Vietnam Aerospace and Defense Market Opportunity Assessment, By Component, 2021 & 2031F |
10 Vietnam Aerospace and Defense Market - Competitive Landscape |
10.1 Vietnam Aerospace and Defense Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Aerospace and Defense Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |