Brazil Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028

Brazil Defense Market Size and Trends, Budget Allocation, Regulations, Key Acquisitions, Competitive Landscape and Forecast, 2023-2028 report provides the market size forecast and the projected growth rate for the next five years. The report covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It also offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

The Brazilian defense budget amounted to $23.8 billion in 2023, having registered a CAGR of -4.3% during the historic period. The defense budget increased by 2% annually in 2023, from $23.3 billion in 2022. As Brazil was faced with the economic crisis with sluggish economic growth even before the pandemic hit, this led to cuts throughout the historic period, particularly in 2020 to divert funds toward the healthcare sector, which was reeling under the pressure of COVID-19’s effects. With the Brazilian economy steadily recovering, it is anticipated that a greater allocation of funds will be set aside for the defense sector over the forecast period. It is forecast that the defense budget will increase from $25.2 billion in 2024 to $29.9 billion in 2028 at a CAGR of 4.4%.

Who Should Buy

• Defence Startups, Original Equipment Manufacturers (OEMs), Defence Planners, Aerospace and Defence Integrators, Venture Capital Firms, Government Agencies, Head of Marketing, Head of Sales, CEOs and Senior Executives.
• The concerned stakeholders can utilize the report to identify high growth segments and customize their offerings to match the project requirements.
• The Venture Capital Firms can utilize the project details, growth rate, and market size to identify and fund high potential startups.

Key Highlights

• In 2023, the defense budget of Brazil reached $23.8 billion, reflecting a negative compound annual growth rate (CAGR) of -4.3% during the historical period. However, as the Brazilian economy shows signs of steady recovery, it is expected that a larger portion of funds will be allocated to the defense sector in the projected timeframe. It is forecasted that the defense budget will rise from $25.2 billion in 2024 to $29.9 billion in 2028, exhibiting a positive CAGR of 4.4%.
• The primary reasons attributed to this gradual increase in the defense budget stem from the need to better control organized crime, cross-border drug trafficking, and arms smuggling, as well as to accommodate the armed forces’ modernization plans. •Programs such as the submarine development program (PROSUB), the navy nuclear program (PNM), SIVAM/SIPAM amazon surveillance system projects, and SiMCosta coastal surveillance system project, among others, are being undertaken to strengthen Brazil’s stance against internal and external threats.

Scope

This report offers detailed analysis of Brazil defense market with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following:

• Brazil defense budget: detailed analysis of Brazil 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
• Regulation: the procurement policy and process is explained. This is coupled with an analysis of Brazil military doctrine and strategy to provide a comprehensive overview of Brazil military procurement regulation.
• Security Environment: political alliances and perceived security threats to Brazil are examined; there help to explain trends in spending and modernisation.
• Competitive landscape and strategic insights: analysis of the competitive landscape of Brazil's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the French defense market over the next five years
• Gain in-depth understanding about the underlying factors driving demand for different defense and internal security segments in the French market and identify the opportunities offered.
• Strengthen your understanding of the market in terms of demand drivers, market trends, and the latest technological developments, among others
• Identify the major threats that are driving the Brazil defense market providing a clear picture about future opportunities that can be tapped, resulting in revenue expansion
• Channel resources by focusing on the ongoing programs that are being undertaken by the Brazil government
• Make correct business decisions based on in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also includes information about the key products, alliances, recent contract awarded, and financial analysis, wherever available