Key Market Indicators
Brazilian defense expenditure is projected to hit $20.4 billion by 2028, rising from its 2023 figure of $20.2 billion. This represents a modest average annual growth rate of 0.1%. Historically, Brazil has experienced a decline in defense spending, with a year-on-year decrease of 6.4% since 1965. In 2023, the country ranked 17th in global defense expenditure, having been overtaken by Spain, which also reported $20.2 billion in spending. Leading the global rankings in defense outlay are China, Russia, and India, occupying the second, third, and fourth positions respectively.
Latest reports
Brazil Defense Market Report- Q1 2025
The Brazilian Navy is set to significantly boost its maritime defense capabilities in Q1 2025 with the integration of MANSUP anti-ship missiles onto...
Brazil Defense Market Report- Q4 2024
In the fourth quarter of 2024, Brazil's defense industry has seen significant advancements across various sectors, driven by strategic partnerships, technological innovation, and...
Brazil Defense Market Report - Q4 2024
The defense sector in Brazil has experienced significant developments in the fourth quarter of 2024, with strategic investments and advancements across various segments....
