Market Research Report on Colombian Defense Market 2016 is a professional and in-depth complete study on the current state of the Colombian Defense worldwide.
Strategic Defense Intelligence’s – Colombian Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020 offers detailed analysis of industry with Market size forecasts for the period 2016-2020 is done. Also, analysis of factors that influence demand for the industry, key Market trends, and challenges faced by industry participants is covered.
Key Findings – Over the historic period, Colombian defense expenditure registered a growth rate of 7.87%, increasing from US$ 5.6 billion in 2011 to US$ 7.5 billion in 2015
– Colombia’s military expenditure, valued at US$ 8.1 billion in 2016, is expected to increase to US$ 9.9 billion by 2020, registering a CAGR of 5.04% over the forecast period
– Colombia’s military expenditure will be driven by the threat from Venezuela, threat from rebel groups and development of domestic industry
– The Defense Ministry is expected to procure fighters and multi-role aircraft, transport and utility aircraft, main battle tank, infantry fighting vehicles and armored personnel carriers
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Colombia’s drive towards economic prosperity has been stifled by internal insurgencies resulting from groups such as FARC (Revolutionary Armed Forces of Colombia) and ELN (National Liberation Army). The country is facing a five decade old conflict with FARC rebels and is likely to be alleviated with the justice deal between FARC and the government. However, there is an increasing threat posed by the criminal gangs vying for the control of the country’s lucrative drug production. Also, Colombia’s relationship with neighbouring Venezuela has been strained owing to the issues like border disputes and infiltration of rebels. These factors are expected to drive the defense spending of the nation with a substantial allocation for procurement of military equipment
Table Of Content Of Colombian Defense Market :
1 Introduction 1.1. What is this Report About? 1.2. Definitions 1.3. Summary Methodology 1.4. SDI Terrorism Index 1.5. About Strategic Defense Intelligence
2 Executive Summary
3 Market Attractiveness and Emerging Opportunities 3.1. Defense Market Size Historical and Forecast 3.1.1. Colombian defense expenditure expected to reach US$ 9.4 billion by 2019 3.1.2. Internal threats from rebel groups, strained relationship with Venezuela, and the development of the domestic industry set to increase defense expenditure 3.1.3. Defense expenditure as a percentage of GDP expected to be 1.8% by 2019 3.2. Analysis of Defense Budget Allocation 3.2.1. Majority of defense budget allocated to revenue expenditure 3.2.2. Army accounts for majority of defense budget 3.2.3. Budget allocation for the army is higher than the remaining military divisions 3.2.4. The country’s expenditure on its navy to reach US$ 1.3 billion by 2019 3.2.5. Expenditure on the air force estimated to increase at a CAGR of 6.61% over the forecast period 3.2.6. Other expenses constitute a substantial amount of the total defense budget
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