Austria Defense Industry Outlook 2024 - 2028

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

Key Market Indicators

Austrian defense expenditure is projected to increase to approximately $3.84 billion by 2028, up from around $3.67 billion in 2023. This represents an average annual growth rate of 0.8%. Since 1965, Austria's defense spending has seen a steady rise, with an average yearly increase of 1.6%. In the global ranking for defense expenditure in 2023, Austria was positioned at number 46. Malaysia, with a defense budget matching Austria's $3.67 billion, edged out the country in the rankings. Leading the global defense expenditure rankings were China, Russia, and India, holding the second, third, and fourth positions, respectively.

Austria Defense Market Data and Forecasts

How much will Austria Defense Market grow to 2028?

Forecast: Military Expenditure in Austria
Forecast: Export of Fire Fighting Vehicles from Austria

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