Key Market Indicators
Russian defense expenditure is projected to surge to approximately $98 billion by 2028, up from around $88 billion in 2023. This marks a steady annual growth rate of 1.7%. Since 1998, the demand for defense spending in Russia has seen a consistent annual increase of 7.5%. In 2023, Russia ranked third in global defense expenditures, trailing only China, which also allocated about $88 billion. The top positions in defense spending were held by China, Russia, and India, respectively, underscoring the significant investments these nations are making in their military capabilities.
Latest reports
Russia Defense Market Report- Q4 2024
The fourth quarter of 2024 was a transformative period for the Russian defense sector, marked by significant developments across various market segments. Key...
Russia Defense Market Report - Q4 2024
The Russian defense market in Q4 2024 is characterized by significant investments and strategic shifts amidst ongoing geopolitical tensions. Russia's defense spending has...
