Thai defense expenditure increased at a CAGR of 5.14%

The Future of the Thai Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2018 offers the reader an insight into the market opportunities and entry strategies adopted by foreign original equipment manufacturers (OEMs) to gain a market share in the Thai defense industry.
Thai defense expenditure increased at a CAGR of 5.14% during the review period and valued US$6.1 billion in 2013. The focus of the Thai government will be on the modernization of its armed forces, the arms race with other Asian countries, and border security
Modernization of the armed forces, the arms race with other Asian countries, and border security to drive Thai defense spending.

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