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15 Most Powerful Militaries in Asia

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In this article, we look at the 15 most powerful militaries in Asia. You can skip our detailed analysis on defense spending patterns and arms race in the continent by directly heading over to the 5 Most Powerful Militaries in Asia.

According to the Stockholm International Peace Research Institute (SIPRI), global defense spending was estimated to be $2.2 trillion in 2022, of which $961 billion were spent in the Americas, $540 billion in Asia, $480 billion in Europe, while $39 billion and $35 billion were incurred on defense in Africa and Oceania, respectively.

Asia ranked as the second highest spending continent on military after North America, making up for a quarter of all global defense spending. Region wise in Asia, the highest contribution came from East Asia where $397 billion were spent on defense in 2022, followed by South Asia at a distant second with $98 billion. Defense expenditure has increased by 45% in the continent over the past decade, with the steepest rise unsurprisingly seen in East Asia (50%) and South Asia (46%) – the two major flashpoints of diplomatic and military disturbance that has triggered an arms race between regional countries.

Arms Race in Asia

China has been steadily upgrading its military and stockpiling its arsenal for the last three decades. The risk that it would invade and annex Taiwan is higher today than it has ever been. In response, the U.S. has been ramping up its military presence in the Indo-Pacific, and has also approved sales worth billions of dollars in weapons to Taipei.

Earlier this year, the U.S. announced to give Taiwan missiles for the latter's F-16 fleet, as part of a $619 million deal, to arm the country against the Chinese threat. These include 100 AGM-88B HARM and 200 AMRAAM missiles. The principal contractors of this sale deal are Lockheed Martin Corporation (NYSE:LMT) and RTX Corporation (NYSE:RTX). The move further strained relations between Washington and Beijing.

Jim Taiclet, the Chairman and CEO of Lockheed Martin Corporation (NYSE:LMT) made a mention of the missile technology being provided to Taiwan in the company’s Q3 2023 Earnings Call:

In Taiwan, I think the signature program that everybody is aware of is the F-16 in both production and modernization. So that’s ongoing. But we also provided a kind of comprehensive defensive Taiwan, like Defense of Guam award we won last year, approach to integrating these digital technologies with the aircraft available that we provide and others, the missile systems that we provide and others and integrate them into sort of this porcupine approach to defending Taiwan just like we’re designing for Guam. So there could be a wide range of digital and physical products that would come with this over time. The U.S. government will help define with the Taiwanese government, what, when any of those will be procured and released for export to Taiwan to the FMS program and other vehicles.