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Future of the Colombian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2023 - ResearchAndMarkets.com

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The "Future
of the Colombian Defense Industry - Market Attractiveness, Competitive
Landscape and Forecasts to 2023"
report has been added to ResearchAndMarkets.com's
offering.

Colombia's drive towards economic prosperity, which was stifled by
internal insurgencies from FARC (Revolutionary Armed Forces of Colombia)
and ELN (National Liberation Army), is steadily returning to normalcy.
The country successfully ended a five decade old conflict with FARC
rebels in 2017; the justice deal between FARC and the government will
alleviate pressure from the country.

The Colombian defense industry is expected to register steady growth
over the next five years due to the rise of both external and internal
security threats, along with the stabilization of the economy. Valued at
US$11.1 billion in 2018, defense expenditure will increase at a CAGR of
5.69%.

The reasons behind the rise of military expenditure are the threats from
Venezuela over political issues, internal insurgencies rising in the
rebel forces, and the ongoing fight against drug trafficking. Increased
defense expenditure is expected to be used for the purchase of
helicopters, main battle tanks, UAVs, and air defense systems. The MoD
is expected to invest in Land-based physical security of critical
infrastructure, frigates and land-based C4ISR.

Although the country allocated an average of 1.8% of its GDP to defense;
it is expected to allocate an average of 4.6% of its total defense
budget to capital expenditure and the remaining 95.4% for revenue
expenses. The share of capital expenditure is expected to decrease to an
average of 3.3% of the country's defense budget over the forecast
period, with the remaining 96.7% being allocated to operating
expenditure or revenue expenditure.

Companies Featured

  • Industria Militar
  • Sudamin S.A.
  • Cotecmar
  • Bell

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Attractiveness & Emerging Opportunities

4. Defense Procurement Market Dynamics

5. Industry Dynamics

6. Market Entry Strategy

7. Competitive Landscape & Strategic Insights

8. Business Environment & Country Risk

For more information about this report visit https://www.researchandmarkets.com/research/tr5s23/future_of_the?w=4

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