DUBLIN, Sept. 15, 2023 /PRNewswire/ — The “Latin American Defense Growth Opportunities” report has been added to ResearchAndMarkets.com’s offering.
This research provides an overview of the Latin American defense market, highlighting growth drivers and restraints, growth opportunities, and notable companies with active contracts or a presence in the region. The study also outlines the most relevant projects and programs as well as representative contracts.
Latin American militaries are going through modernization and refurbishment processes to update their equipment and stay up to date with advances in military technology. The combination of rising inflation and slowing economic growth in Latin American countries has resulted in general budget limitations that affect the defense sector to a certain degree. This becomes particularly significant when procuring military equipment from international companies.
A spending priority for Latin American militaries is the acquisition of advanced land vehicles that are essential for missions including border security operations and combating drug trafficking. Unmanned systems, particularly unmanned aerial vehicles, also are valuable because they can easily navigate hostile environments such as the Amazon rainforest, where drug cartels sometimes operate, and can effectively carry out surveillance.
Key Topics Covered:
Strategic Imperatives
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Latin American Defense Industry
Growth Opportunities Fuel the Growth Pipeline Engine
Representative Contracts and Programs
Representative Contracts
Representative Programs
Growth Opportunity Universe
Growth Opportunity 1: Multilevel – Zero Trust Cybersecurity
Growth Opportunity 2: Refurbishment and Maintenance Services
Growth Opportunity 3: Unmanned Ground Vehicles (UGVs)
Growth Opportunity Analysis
Research Scope and Overview
Regional Priorities
Regional Challenges
Growth Drivers
Growth Restraints
Regional Analysis
Top Spenders
Spending Forecast
Defense Imports
Spending Areas and Technologies
Notable Companies and Organizations
Selected International Companies in Latin America
For more information about this report visit https://www.researchandmarkets.com/r/pdmr1a
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SOURCE Research and Markets