Market Share of Japan Aerospace And Defense Industry
The Japan aerospace and defense market is semi-consolidated and several key players such as Mitsubishi Heavy Industries, Ltd., Toshiba Corporation, Kawasaki Heavy Industries, Ltd., ShinMaywa Industries, Ltd., and Japan Steel Works, Ltd. compete on product and services level to gain higher market share. Japan has adopted new principles and guidelines on arms exports and would permit arms exports to a country only if they serve the purpose of contributing to international cooperation and its security interests.
According to the 2022 defense white paper, nearly 1,100 companies are involved in the manufacture of fighter aircraft, about 8,300 in building destroyers, and around 1,300 in the production of tanks. Thus, growing support for local aerospace and defense manufacturers and rising investment in research and development boost the market growth during the forecast period.
For instance, the Japanese Ministry of Defense (MoD) secured USD 6.23 billion for ammunition-related spending, which is 330% higher than in 2022. It included USD 1.59 billion for the procurement of 500 US-made long-range Tomahawk cruise missiles. The Japanese MoD will deploy the Tomahawks in fiscal year 2026-27 as it aims to develop counterstrike capabilities. Tokyo will acquire the advanced model Tomahawk Block V to be equipped with Japan Maritime Self-Defense Force (JMSDF) Aegis-equipped destroyers.
Japan Aerospace & Defense Market Leaders
Mitsubishi Heavy Industries, Ltd.
Toshiba Corporation
Kawasaki Heavy Industries, Ltd.
ShinMaywa Industries, Ltd.
Japan Steel Works, Ltd.
*Disclaimer: Major Players sorted in no particular order
