LIST OF FIGURES
LIST OF TABLES

1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData

2. Executive Summary

3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Procurement Programs
3.1.2. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Colombian defense expenditure as a percentage of GDP anticipated to increase
3.2.2. Equipment procurement plans and joint operations expected to drive defense expenditure over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Majority of defense budget allocated for the revenue expenditure
3.3.2. Colombian aggregate defense expenditure, inclusive of US military aid, is anticipated to post a CAGR of 15.14% over the forecast period.
3.3.3. Capital expenditure expected to increase over the forecast period
3.3.4. Per capita defense expenditure set to increase over the forecast period
3.4. Benchmarking with Key Global Markets
3.4.1. Colombia's defense budget is expected to increase at a CAGR of 15.14% over the forecast period
3.4.2. Colombia's defense expenditure is low compared to European and other Latin American nations
3.4.3. Colombia allocates significantly high proportion of its GDP for defense purposes
3.5. Market Opportunities: Key Trends and Growth Stimulators
3.5.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024

4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. Defense imports are expected to recover over the forecast period
4.1.2. Colombia sourced most its arms imports from Germany and the United States
4.1.3. Ships and Aircraft the dominated military hardware imports
4.2. Export Market Dynamics
4.2.1. Arms exports are low due to the under-developed domestic defense industry

5. Market Entry Strategy
5.1. Market Regulation
5.1.1. Offset policy aids development of domestic defense industry
5.1.2. Colombia does not permit FDI in the defense industry
5.2. Market Entry Route
5.2.1. Direct selling is the preferred route for the foreign distributors

6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
6.1.1. Colombian market share analysis

7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. Gross Domestic per Capita
7.1.2. Gross Domestic Product, current US$ Billion
7.1.3. Exports of Goods and Services
7.1.4. Imports of Goods and Services
7.1.5. Gross National Disposable Income
7.1.6. Local Currency Unit per US$
7.1.7. Market Capitalization of Listed Companies
7.1.8. Market Capitalization of Listed Companies as a Percentage of GDP
7.1.9. Government Cash Surplus/Deficit as a Percentage of GDP
7.1.10. Goods Exports as a Percentage of GDP
7.1.11. Goods Imports as a Percentage of GDP
7.1.12. Services Imports as a Percentage of GDP
7.1.13. Services Exports as a Percentage of GDP
7.1.14. Foreign Direct Investment, net (BoP, current US$ Billion)
7.1.15. Net Foreign Direct Investment as a Percentage of GDP
7.1.16. Mining, Manufacturing, Utilities Output

8. Appendix
8.1. About GlobalData
8.2. Disclaimer

List of Tables
Table 1: Colombian - Ongoing Development and Procurement Programs, 2018
Table 2: Colombian - Future Procurement Programs, 2018
Table 3: Colombian GDP Growth vs Defense Expenditure as a Percentage of GDP, 2015-2024
Table 4: Colombian - Defense Budget Allocation for Capital and Revenue Expenditure (%), 2015-2024
Table 5: Colombian - Defense Expenditure Including US Aid, 2015-2024
Table 6: Colombian - Defense Capital Expenditure, Excluding US Aid (COP Trillion & US$ Billion), 2014-2023
Table 7: Colombian - Defense Expenditure as Per Capita Defense Spend (US$), 2015-2024
Table 8: Benchmarking with Key Markets - 2015-2019 vs 2020-2024
Table 9: Top 10 Colombian Defense Market Sectors by Value (US$ Million), 2019-2024
Table 10: Offset Regulations in Colombia
Table 11: Competitive Landscape of the Colombian Defense Industry
Table 12: Top Defense Suppliers in the Colombian Defense Industry - By Value (US$ Million) 2019-2024

List of Figures
Figure 1 : Colombia Defense Budget: 2020 and 2024
Figure 2 : Colombian Defense Imports/Exports: 2014 and 2018
Figure 3 : Colombia's Top Three Prospective Procurements/Developments
Figure 4: Colombia Defense Expenditure (COP Trillion), 2015-2024
Figure 5: Colombia Defense Expenditure (US$ Million), 2015-2024
Figure 6: Colombia GDP Growth vs Defense Expenditure as a Percentage of GDP Growth, 2015-2024
Figure 7: Colombia Defense Budget Split Between Capital and Revenue Expenditure (%), 2015-2024
Figure 8: Colombia Capital Budget Expenditure (COP Trillion), 2015-2024
Figure 9: Colombia Capital Budget Allocation (US$ million), 2015-2024
Figure 10: Colombia Per Capita Defense Expenditure (US$), 2015-2024
Figure 11: Benchmarking with Key Markets - 2015-2019vs 2020-2024
Figure 12: Defense Expenditure of the World's Largest Military Spenders (US$ Million), 2019 and 2024
Figure 13: Defense Expenditure as a Percentage of GDP of Largest Military Spenders (%), 2019
Figure 14: Colombia Defense Import Trend(US$ Million), 2014-2018 (TIV Values)
Figure 15: Colombia Defense Imports by Country (%), 2014-2018
Figure 16: Colombia Defense Imports by Category (%), 2014-2018
Figure 17: Colombia Defense Export Trend (US$ Million), 2014-2018 (TIV Values)
Figure 18: Colombia Market Share Analysis, 2019
Figure 19: Colombian GDP Per Capita, 2015-2025
Figure 20: Colombian GDP at Current Prices (US$ Billion), 2015-2025
Figure 21: Colombian Exports of Goods and Services, Current Prices (LCU Billion), 2005-2014
Figure 22: Colombian Imports of Goods and Services, Current Prices (LCU Billion), 2003-2012
Figure 23: Colombian Gross National Disposable Income (US$ Billion), 2005-2013
Figure 24: Colombian Local Currency Unit Per US$ (period average), 2015-2024
Figure 25: Market Capitalization of Listed Companies in Colombia (US$ Billion), 2005-2012
Figure 26: Market Capitalization of Listed Companies in Colombia (% of GDP), 2005-2012
Figure 27: Government Cash Surplus/ Deficit as % of GDP (LCU), 2008-2012
Figure 28: Colombian Goods Exports as Percentage of GDP, 2005-2014
Figure 29: Colombian Goods Imports as Percentage of GDP, 2005-2014
Figure 30: Colombian Services Imports as Percentage of GDP, 2005-2014
Figure 31: Colombian Services Exports as a Percentage of GDP, 2005-2014
Figure 32: Colombian Foreign Direct Investment, net (BoP, current US$ Billion), 2005-2014
Figure 33: Colombian Net Foreign Direct Investment as a Percentage of GDP, 2005-2014
Figure 34: Mining, Manufacturing, Utilities Output (LCU Billion), 2005-2014

Companies Mentioned
- Embraer S.A.
- Dassault Aviation
- International Aero Engines
- Textron Systems
- Textron Systems