Future of the Chilean Defense Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2020

Date: 2015-08

“• During 2011–2015, Chile’s defense expenditure registered growth of -11.49%, decreasing from US$4.2 billion in 2011 to US$2.6 billion in 2015

• However, military expenditure is anticipated to register a CAGR of 5.74% during 2016–2020, to value US$3.5 billion in 2020

• Chile’s maritime border dispute with Peru and Bolivia, active participation in international peacekeeping missions along with its plans to prepare its forces with advanced equipment, technology, command systems, and adequate training to drive defense expenditure during 2016–2020

• Demand for equipment is mainly expected to revolve around multi-role aircraft, transport aircraft, electronic warfare systems, and military helicopters during 2016–2020”

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