Argentina Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2029
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Argentina Defense Market Report Overview
In 2024, Argentina’s defense budget is worth $919.7 million. The turbulence in the Argentine economy has affected Argentina’s ability to spend on its armed forces. The country’s defense budget will grow at a CAGR of less than 1% during 2025-2029. Sovereignty disputes over the Falkland Islands and the modernization of its armed forces have been the major drivers of Argentine defense expenditure. However, the turbulent Argentine economy has affected the country’s ability to spend on its armed forces.
Argentina Defense Market Outlook, 2024-2029 ($ Million)
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The Argentina defense market research report provides the market size forecast and the projected growth rate for the next five years. Furthermore, our analysts have carried out a comprehensive industry analysis to determine key market drivers, emerging technology trends, key sectors, and major challenges faced by market participants. The Argentina defense market study has also assessed key factors and government programs that are expected to influence the demand for military platforms over the forecast period.
Market Size (2024) | $919.7 Million |
CAGR (2025-2029) | <1% |
Forecast Period | 2025-2029 |
Historical Period | 2020-2024 |
Key Drivers | · Disputes with the UK over the Falkland Islands
· Modernization of Argentine Armed Forces |
Key Sectors | · Military Rotorcraft
· Submarines · Military Land Vehicles · Military Fixed Wing Aircraft · Electronic Warfare · Military Unmanned Aerial Vehicles |
Leading Companies | · ARSAT
· CEATSA · FAdeA – Argentine Aircraft Factory Brig San Martin SA · Invap SE · Rittal SA |
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Argentina Defense Market Drivers
Disputes with the UK over the Falkland Islands as well as the modernization of Argentina’s armed forces are driving the Argentina defense market growth.
- Dispute with the UK over the Falkland Islands: There have been tensions between the two countries since Argentina invaded the Falkland Islands in 1982. Argentina is increasing its military capabilities as a result of the continued tension.
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Argentina Military Doctrines and Defense Strategies
The main goal of Argentina’s defense policy is the modernization and reorganization of the armed forces to adapt to new requirements, including the redefinition of military missions and the promotion of collaboration. Argentina’s defense policy aims to provide viability to the armed forces, in the long-term, regarding their personnel, equipment, and operational capability, commensurate with the needs imposed by national interests and the availability of local resources determined by the general context.
Argentina is Russia’s longest-running big business partner among all the Latin American countries. Russia is considering using national currencies and barter in deals with Argentina in the defense industry and other sectors. Furthermore, the law enforcement agencies of Russia and Argentina will expand cooperation in the fight against drug trafficking, organized crime, and terrorism.
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Argentina Defense Market Segmentation by Sectors
The key sectors in the Argentina defense market are military rotorcraft, submarines, military land vehicles, military fixed-wing aircraft, electronic warfare, and military unmanned aerial vehicles, among others. In 2024, military rotorcraft accounted for the highest share in the Argentina defense market.
Argentina Defense Market Analysis by Sectors, 2024 (%)
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Argentina Defense Market - Competitive Landscape
A few of the leading defense companies operating in Argentina are:
- ARSAT
- CEATSA
- FAdeA – Argentine Aircraft Factory Brig San Martin SA
- Invap SE
- Rittal SA
FAdeA – Argentine Aircraft Factory Brig San Martin SA: FAdeA is headquartered in the City of Cordoba, Cordoba, Argentina. It is an aeronautical company that designs and manufactures military aircraft and advanced training systems. The company provides a comprehensive catalog of products such as parachutes, spare parts, and ground support equipment. FAdeA serves the armed forces and commercial and military markets.
Argentina Defense Market Analysis by Companies
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Segments Covered in the Report
Argentina Defense Market Sectors Outlook (Value, $ Million, 2020-2029)
- Military Rotorcraft
- Submarines
- Military Land Vehicles
- Military Fixed Wing Aircraft
- Electronic Warfare
- Military Unmanned Aerial Vehicles
Scope
The report provides:
- Argentina’s defense budget: Detailed analysis of Argentina’s 2024 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 process is explained. This is coupled with an analysis of Argentina’s military doctrine and strategy to provide a comprehensive overview of Argentina’s military procurement regulation.
- Security Environment: Political alliances and perceived security threats to Argentina are examined and help to explain trends in spending and modernization.
- Competitive landscape and strategic insights: Analysis of the competitive landscape of Argentina’s defense industry.
Key Highlights
• Drivers of Defense expenditure include Dispute with the UK over the Falkland Islands, Modernization of armed forces
• Major ongoing procurement program include procurement of Optical Imaging Surveillance Satellite, AR-2T Vigia
Reasons to Buy
- Determine prospective investment areas based on a detailed Argentina defense market trend analysis over the next five years.
- Understand 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 driving the Argentina defense market and provide a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
- Channel resources by focusing on the ongoing programs undertaken by the Argentina government.
- Make correct business decisions based on an in-depth analysis of the competitive landscape consisting of detailed profiles of the top defense equipment providers in the country. The company profiles also include information about the key products, alliances, recent contracts awarded, and financial analysis, wherever available.
Invap
FAdeA - Argentine Aircraft Factory Brig San Martin
Table of Contents
Frequently asked questions
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What is the Argentina defense market size in 2024?
The defense market size in Argentina is $919.7 million in 2024.
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What will the Argentina defense market growth rate be during the forecast period?
The defense market in Argentina is expected to achieve a CAGR of less than 1% during 2025-2029.
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Which sector holds the highest share of the Argentina defense market in 2024?
Military rotorcraft holds the highest share of the Argentina defense market in 2024.
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Which are the key companies operating in the Argentina defense market?
A few of the leading defense companies operating in Argentina are ARSAT, CEATSA, FAdeA – Argentine Aircraft Factory Brig San Martin SA, Invap SE, and Rittal SA, among others.
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