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After taking office, Taiwan’s President Lai Ching-te identified five key industrial sectors for development, with the defense sector among them.

Yu-Jiu Wang, Chairman and CEO of Tron Future Tech, highlighted the emergence of new warfare forms driven by the latest industrial revolution, which has accelerated a global arms race. He cited research suggesting that the defense & aerospace markets may outpace the semiconductor industry in growth, though Taiwan’s defense sector remains undervalued—a missed opportunity, in his view.

The Russia-Ukraine war has unexpectedly showcased the military potential of drones, revealing that traditional fighter jets, which can cost billions, are ineffective against these new combat technologies. This has prompted major Western powers to shift their military investments, focusing on strategic industries better suited for future battlefields.