Key Market Indicators
Australian Defence Expenditure is projected to escalate to approximately $37.5 billion by 2028, up from $33.2 billion in 2023. This represents an average annual growth rate of 1.9%. Since 1965, Australia has seen a consistent increase in its defence budget, averaging a 4.3% rise each year. In 2023, the country ranked 13th globally in defence spending. Italy slightly surpassed Australia in 2023 with a defence budget of $33.2 billion. The top three positions in the global ranking were held by China, Russia, and India, respectively.
Latest reports
Australia Defense Market Report- Q1 2025
In the first quarter of 2025, the Defense Australia market has seen notable advancements and strategic shifts across various sectors, including naval defense,...
Australia Defense Market Report- Q4 2024
In Q4 2024, Australia's defense market prioritizes cybersecurity, aligning with the 2023-2030 Cyber Security Strategy. New regulations mandate the reporting of ransomware payments...
Australia Defense Market Report - Q4 2024
In the fourth quarter of 2024, Australia is significantly enhancing its defense capabilities in response to growing regional security concerns, particularly in the...
