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Product Synopsis
This report is the result of ICD Research / Strategic Defence Intelligence’s extensive market and
company research covering the Colombian defense industry. It provides detailed analysis of both
historic and forecast defense industry values including key growth stimulators, analysis of the
leading companies in the industry, and key news.
Introduction and Landscape
Why was the report written?
The Colombian defense Industry Market Opportunities and Entry Strategies, Analyses and
Forecasts to 2017offers the reader an insight into the market opportunities and entry strategies
adopted by foreign original equipment manufacturers (OEMs) to gain market share in the
Colombian defense industry.
What is the current market landscape and what is changing?
The Colombian defense industry is expected to register strong growth in the next five years due
to the rise of both external and internal security threats. However, due to the impact of the
2. economic recession, the growth of Colombian defense expenditure is expected to be slower over
the forecast period than in the review period. The significant reasons behind the rise of military
expenditure are the threats from Venezuela and rebel forces on internal security, and the fight
against drug trafficking. The increase in defense expenditure is required for the purchase of
helicopters, battle tanks, UAVs, and air defense systems as, even though the country allocated an
average of 4.4% of its GDP for defense during the review period, the majority of the budget was
allocated to revenue expenditure. Moreover, the police force also receives a substantial share of
the Colombian defense budget, averaging at 24% over the review period
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