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
Canada Defense Market Report- Q1 2025
The Canadian defense market in Q1 2025 has been marked by strategic shifts in response to global economic pressures and evolving security needs....
Canada Defense Market Report- Q4 2024
The Canada Defense Market Q4 2024 report highlights significant trends, investments, and strategic initiatives shaping the defense landscape. As the demand for advanced...
Canada Defense Market Report - Q4 2024
The Canadian defense sector in the fourth quarter of 2024 has been characterized by strategic investments, technological advancements, and an evolving competitive landscape...
