Chile Defense Market Size, Trends, Budget Allocation, Regulations, Acquisitions, Competitive Landscape and Forecast to 2028

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Chile Defense Market Report Overview

The Chile defense budget is worth $2.2 billion in 2023, and, is anticipated to register a CAGR of more than 1%. The growth in the defense budget can be attributed to the stabilization of the political and economic situation thanks to December 2021’s election of Gabriel Boric as president and the country’s gradual economic recovery after the COVID-19 pandemic.

Chile Defense Market Outlook, 2023-2028

Chile Defense Market Outlook, 2023-2028

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The Chile defense budget market research report provides the market size forecast and the projected growth rate for the next five years. It also covers industry analysis including the key market drivers, emerging technology trends, and major challenges faced by market participants. It offers insights regarding key factors and government programs that are expected to influence the demand for military platforms over the forecast period.

Defense Budget (2023) $2.2 Billion
CAGR (2024-2028) >1%
Forecast Period 2024-2028
Historical Period 2019-2023
Key Sectors ·       Submarines

·       Military Fixed-Wing Aircraft

·       Naval Vessels and Surface Combatants

·       Tactical Communications Systems

·       EO/IR Systems

·       Military Radar

·       Electronic Warfare Systems

·       Underwater Warfare Systems

·       INS GNSS

Leading Companies ·       Quinenco SA

·       ENAER (Empresa Nacional de Aeronautica de Chile)

·       Asenav SA

·       Astilleros Y Maestranzas de la Armada (ASMAR)

·       Chilean Air Force

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Chile Defense Market Drivers

Chile faces several security threats that are driving defense spending. Border disputes with Peru and Bolivia have been solved, but tensions remain in the contested areas. Chile’s geography requires its troops to have enhanced capabilities due to the threat of natural hazards and the vastness of the territory they must cover.

Modernization is another factor that will drive the market growth. Chile is striving to maintain a modern fighting force capable of operating alongside its allies on international humanitarian and peacekeeping missions and one that can protect the sovereignty and territorial integrity of Chile.

Chile Military Doctrines and Defense Strategies

Chile’s defense doctrine encompasses objectives that define the strategy set out by the armed forces. The key objectives include strengthening the defense of sovereignty and territorial integrity and actively contributing to national emergencies and civil protection.

Chile’s strategy to strengthen the nation includes non-nuclear deterrence. Like many other militaries, non-nuclear deterrence is a key component of the strategy of Chile’s Armed Forces. The aim is that, through international cooperation and the creation of a formidable and effective fighting force, the likelihood of military engagement with adversaries will be reduced. Part of this strategy is being prepared to swiftly meet and neutralize any threat or act of aggression to maintain the security and territorial integrity of Chile.

Chile Defense Market Segmentation by Sectors

The key sectors in the Chile defense market are submarines, military fixed-wing aircraft, naval vessels and surface combatants, tactical communications systems, EO/IR Systems, military radar, electronic warfare systems, underwater warfare systems, and INS GNSS, among others. Military radar is the largest sector within the Chile defense market in 2023.

Submarine is the second largest market in 2023. The allocations for the Chilean submarine sector are anticipated to increase by 2028. The market growth is driven and sustained by the Diesel Electric Submarine (SSK) segment, which is the sole sub-sector (segment) within the sector.

Chile Defense Market Analysis by Sectors, 2023 (%)

Chile Defense Market Analysis by Sectors, 2023 (%)

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Chile Defense Market - Competitive Landscape

Some of the leading defense companies operating in Chile are Quinenco SA, ENAER (Empresa Nacional de Aeronautica de Chile), Asenav SA, Astilleros Y Maestranzas de la Armada (ASMAR), and Chilean Air Force among others.

Chile Defense Market Analysis by Players, 2023 (%)

Chile Defense Market Analysis by Players, 2023 (%)

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Segments Covered in the Report

Chile Defense Sectors Outlook (Value, $ Billion, 2019-2028)

  • Submarines
  • Military Fixed-Wing Aircraft
  • Naval Vessels and Surface Combatants
  • Tactical Communications Systems
  • EO/IR Systems
  • Military Radar
  • Electronic Warfare Systems
  • Underwater Warfare Systems


The report provides:

  • Detailed analysis of Chile defense market with market size forecasts covering the next five years. The report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.
  • Detailed analysis of the Chile 2023 defense budget broken down into market size and market share. This is coupled with an examination of key current and future acquisitions.
  • Explanation of the procurement policy coupled with an analysis of the Chile military doctrine and strategy to provide a comprehensive overview of Chile’s military procurement regulation.
  • Examination of political alliances and perceived security threats to Chile and how they help to explain trends in spending and modernization.
  • Analysis of prevalent trends in the country’s imports and exports over the last five years.
  • Analysis of the competitive landscape of Chile’s defense industry.

Reasons to Buy

  • Determine prospective investment areas based on a detailed trend analysis of the Chile defense market over the next five years
  • Gain an in-depth understanding of the underlying factors driving demand for different defense and internal security segments in the Chile 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 that are driving the Chile defense market providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channel resources by focusing on the ongoing programs that are being undertaken by the Chile 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.

ENAER (Empresa Nacional de Aeronautica de Chile)
Astilleros Y Maestranzas de la Armada (ASMAR)
Fabricas Y Maestranzas del Ejercito (FAMAE)

Table of Contents

Executive Summary

Defense Budget Assessment

Budgeting Process

Defense Market Size Historical and Forecast

Drivers Of Defense Expenditure

Analysis of Defense Expenditure Allocation

Analysis Of Defense Budget Allocation

Military Doctrine and Security Environment

Military Doctrine and Strategy

Strategic Alliances and Geopolitics

Political, Social, and Economic Scenario

Market Entry Strategy and Regulations

Defense Procurement Bodies

Funding Opportunities

Trade Associations and Defense Clusters

Types of Contracts and Opportunities

Offsets and FDI

Market Entry Routes

Key Challenges

Major Deals and M&A

Market Attractiveness and Emerging Opportunities

Market Attractiveness, 2023-28

Top Defense Segments By Value

Defense Platform Acquisitions

Defense Platform Acquisitions By Value

Escotillón IV – Amphibious & Military Transport Vessel Programme

C-390 Millennium

Fleet Size

Competitive Landscape

Defense Companies Operating In Chile

Main Defense Companies


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