Description
This research service analyses the rapidly evolving defence markets for 10 selected countries: Algeria, Brazil, Chile, India, Indonesia, Japan, Oman, Poland, the Russian Federation, and the United Arab Emirates. From a global perspective, the countries' defence budgets are most significantly driven by modernisation programs and arms threats due to increased threat perceptions in Southeast Asia, Arabian Peninsula, and Eurasia. Concerns regarding potential foreign aggression and territorial disputes fuel military spending, particularly at the personnel and new equipment levels. The base year of the study is 2013; forecasts are provided through 2022.
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