Key Market Indicators
Spain's defense expenditure is projected to hit $21.6 billion by 2028, up from $20.5 billion in 2023. This marks an average annual growth rate of 0.8%. Since 1965, Spanish defense spending has increased by an average of 2.9% each year. In the global ranking for 2023, Spain holds the 16th position, with Israel surpassing it at $20.5 billion. The top spots in defense spending are occupied by China, Russia, and India, ranking second, third, and fourth respectively.
Latest reports
Spain Defense Market Report- Q4 2024
In the fourth quarter of 2024, the defense market in Spain has been characterized by significant advancements in local defense manufacturing, strategic investments...
Spain Defense Market Report - Q4 2024
The fourth quarter of 2024 has been a period of significant advancements in the Defense Spain market, marked by strategic initiatives across various...
