The R&D budget for defense in Spain is forecasted to grow steadily from 2024 to 2028. In 2023, the budget stood at USD 586.98 million PPP. The year-on-year growth is as follows:
- 2024: 2.11%
- 2025: 2.12%
- 2026: 2.05%
- 2027: 1.98%
- 2028: 1.91%
The average annual growth rate (CAGR) over the five-year period is forecasted to be 2.03%.
Future trends to watch for include potential shifts in governmental priorities, geopolitical tensions that might influence defense spending, and technological advancements requiring increased budgets. Additionally, collaboration with international allies and partners might also impact the R&D budget allocation in the coming years.
Latest reports
US Defense Market Report- Q1 2025
The US defense market in the first quarter of 2025 is positioned for significant growth, driven by advancements in aerospace and missile systems,...
China Defense Market Report- Q1 2025
In the first quarter of 2025, China's defense market has experienced significant developments, driven by strategic realignments in response to escalating geopolitical tensions....
Japan Defense Market Report- Q4 2024
The fourth quarter of 2024 marked a significant period for the Japan defense market, driven by strategic initiatives and geopolitical imperatives. Japan's defense...
Germany Defense Market Report- Q1 2025
In the first quarter of 2025, Germany's defense market has been marked by significant investments and strategic advancements across various sectors, driven by...
India Defense Market Report- Q1 2025
The first quarter of 2025 has been transformative for the Defense India landscape, driven by strategic partnerships, technological advancements, and significant investments aimed...
UK Defense Market Report- Q1 2025
In Q1 2025, the UK defense sector is marked by transformative trends and strategic advancements across multiple domains. With a focus on technological...
France Defense Market Report- Q1 2025
In the first quarter of 2025, the defense sector in France saw significant strategic developments and investments aimed at enhancing national security and...
Canada Defense Market Report- Q1 2025
The Canadian defense market in Q1 2025 has been marked by strategic shifts in response to global economic pressures and evolving security needs....
Brazil Defense Market Report- Q1 2025
The Brazilian Navy is set to significantly boost its maritime defense capabilities in Q1 2025 with the integration of MANSUP anti-ship missiles onto...
Italy Defense Market Report- Q1 2025
The defense sector in Italy is undergoing significant transformation, characterized by strategic alliances, technological advancements, and increased investments. In Q1 2025, Italy is...
