Canada Defense Industry Outlook 2024 - 2028

See how Canada Defense performed compared to key markets such as the United States, China and Russia.

Key Market Indicators

Canadian defense spending is projected to hit $34.5 billion by 2028, up from $28.2 billion in 2023. This represents an average annual growth rate of 3.2%. Since 1965, Canada's defense expenditure has increased by an average of 4.4% each year. In 2023, Canada ranked 14th in global defense spending, with Australia surpassing it at $28.2 billion. Leading the rankings were China, Russia, and India, occupying the second, third, and fourth positions, respectively.

Latest reports

Defense in Canada - 2024 Q4

The Canadian defense sector in the fourth quarter of 2024 has been characterized by strategic investments, technological advancements, and an evolving competitive landscape...

Canada Defense Market Data and Forecasts

Canada Defense : how will it grow in the coming years?

Forecast: Public Administration, Defence, Education, Health, Social Work Value Added in Canada
Forecast: Public Administration, Defence, Education, Health, Social Work Value Added in Canada
Forecast: Military Expenditure in Canada
Forecast: Military Expenditure in Canada
Forecast: Military Expenditure in Canada

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