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Italy Defense Industry Outlook 2022 - 2026

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

Key Market Indicators

Italy's defence expenditure is set to hit $27.3 billion by 2026, a mere 0 percent change from 2021. Starting in 1965, demand for defence spending has risen at an average rate of 1.5 percent each year. In 2021, Italy was 11th in the world for defence spending, narrowly overtaken by South Korea at $26.9 billion. China, India and Russia took the next three spots in the ranking.

Italy Defense Market Data and Forecasts

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