Key Market Indicators
Mexico's defense expenditure is projected to climb to approximately $9.7 billion by 2028, up from about $8.7 billion in 2023, representing an annual growth rate of 1.7%. This marks a significant rise in the country's defense spending over the years. Historical data indicates that since 1965, Mexico's defense demand has surged by an average of 8.4% annually. As of 2023, Mexico ranks 25th globally in defense expenditure. In the same year, Algeria edged just ahead of Mexico with an identical expenditure of around $8.7 billion. Among the top spenders, China, Russia, and India secured the second, third, and fourth positions, respectively.
Latest reports
Mexico Defense Market Report- Q1 2025
In the first quarter of 2025, Mexico's defense sector faces a complex landscape shaped by global economic challenges and strategic domestic initiatives. The...
Mexico Defense Market Report- Q4 2024
The fourth quarter of 2024 witnessed significant advancements in the Defense Market in Mexico, marked by technological innovations and strategic partnerships. Key areas...
Mexico Defense Market Report - Q4 2024
The defense sector in Mexico is undergoing significant transformation in the fourth quarter of 2024, driven by technological advancements and strategic international partnerships....
