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

Argentina 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.

Argentina's defense expenditure recorded a CAGR of 2.6% during the historic period and stood at $2.4 billion in 2023. Over the forecast period, it is anticipated to register a CAGR of 6.4% to value $3.2 billion in 2028. Sovereignty disputes over the Falkland Islands and the modernization of its armed forces have been the major drivers of Argentine defense expenditure. The turbulence in the Argentine economy, which was exacerbated by the COVID-19 pandemic, has affected Argentina's ability to spend on its armed forces.

Key Highlights

• Argentina's defense expenditure is valued at $2.4 billion in 2023 and registered a CAGR of 2.6% during the historic period. This is mainly attributed to the collapse of the Argentine peso against the US dollar and the pandemic taking a toll on the country's economy. Much of Argentina's defense capability is atrophied and in a state of decay. However, Argentina's defense expenditure is projected to grow at a CAGR of 6.4% to value $3.2 billion by 2028.
• The modernization of its armed forces is one of the government's key objectives to strengthen its stance against internal and external threats, such as drug trafficking, terrorism, and the Falkland Islands dispute.
• Submarines, military UAVs, and military fixed-wing aircraft are the top three largest sectors within the Argentine defense market.

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.

Scope

This report offers a detailed analysis of the Argentina 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:

• Argentina defense budget: detailed analysis of the Argentina 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 the process is explained. This is coupled with an analysis of the Argentina military doctrine and strategy to provide a comprehensive overview of Argentina's military regulation.
• Security Environment: political alliances and perceived security threats to Argentina are examined; there help to explain trends in spending and modernization.
• Competitive landscape and strategic insights: analysis of the competitive landscape of Argentina's defense industry.

Reasons to Buy

• Determine prospective investment areas based on a detailed trend analysis of the Argentina 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 Argentina 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 Argentina 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 Argentina 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