Colombia Defense Market Statistics:
Market Size in 2025: USD 354.41 million
Market Size in 2032: USD 434.40 million
Market Growth Rate 2025-2032: 2.95%
According to The Report Cube latest research study, The Colombia Defense Market is anticipated to register a CAGR of around 2.95% during the forecast period, 2026â32. The market size was valued at nearly USD 354.41 million in 2025 and is foreseen to reach USD 434.40 million by 2032.
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Colombia Defense Market Drivers:
The major driver of the Colombia Defense Market is the nationâs demand to address challenges related to narcotics trafficking & territorial security. The country has historically been affected by organized crime, rebellious groups, and the prohibited drug trade, making border security & internal surveillance indispensable. Moreover, increasing threats along borders with Venezuela & constant anti-narcotics operations have resulted in enhanced investments across air defense, radar systems, and surveillance drones. Also, this budding emphasis on maintaining internal stability & international security partnerships considerably reinforces the demand for advanced defense equipment, thus instigating market demand.
According to the report, prominent players operating in the market include:
· Lockheed Martin Corporation
· The Boeing Company
· Thales SA
· INDUMIL
· Colombian Aeronautical Industry Corporation CIAC SA
· COTECMAR - Cartagena de Indias Colombia
· Naval Group
· Others
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Key Market Segmentation
Recent News and Developments in Colombia Defense Market
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