Brazil Defense Market

GlobalData’s Brazil Defense Market - 2022 Free Report offers the reader a detailed analysis of Brazil’s defense budget with market size forecasts covering the next five years. This report will also analyze factors that drive defense expenditure in the country.

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

• Market size: A detailed analysis of the budget allocation along with budget forecasts over the period 2018-27. The report also provides a breakdown of the defense budget in form of Acquisitions, and Others in both US Dollars ($) and Brazilian Real (BRL), and also offers a breakdown of the budget.

• Market drivers: The report also provides an analysis of the forces driving Brazil’s defense expenditure. It also gives a purview of procurement decisions in the context of the threat scenario.  

Key findings include: (metadata)

• Drivers of defense expenditure include modernization of the armed forces and internal issues such as the need to supply the military with the equipment required to tackle drug trafficking, arms smuggling, and organized crime

• Brazil's defense expenditure saw a gradual decrease from $28.2 billion in 2018 to $21.8 billion in 2022, reflecting a CAGR of -6.2% during 2018–22

• As Brazil was facing a recession 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 COVID-19’s effects. Currently, 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

• In the forecast period, it is expected to increase from $24.8 billion in 2023 to $31.4 billion in 2027 at a CAGR of 6.1%. With the country also undertaking major modernization programs to increase the capabilities of its armed forces, defense spending is expected to rise significantly