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Sector Analysis
Brazil Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028
Brazil Defense Market Report Overview The Brazil defense budget is estimated to be $23.8 billion in 2023 and is expected to achieve a CAGR of more than 4% during 2024-2028. Severe economic crisis led to sluggish economic growth even before the pandemic hit Brazil, 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...