Market Size of Brazil C4ISR Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 424.15 Million |
| Market Size (2029) | USD 474.07 Million |
| CAGR (2024 - 2029) | 2.25 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil C4ISR Market Analysis
The Brazil C4ISR Market size is estimated at USD 424.15 million in 2024, and is expected to reach USD 474.07 million by 2029, growing at a CAGR of 2.25% during the forecast period (2024-2029).
The defense sector in Brazil has faced unmatched challenges due to the COVID-19 pandemic. The defense expenditure gradually decreased from 2018 to 2021. The defense budget in 2022 increased by 1.9% from 2021. According to the SIPRI, Military expenditure in South America fell by 2.1% to USD 43.5 billion in 2020. The decrease was mainly due to a 3.1% decline in spending by Brazil, the subregion's largest military spender.
The growth of the Brazilian control, command, communications, computer, intelligence, surveillance, and reconnaissance (C4ISR) market can be majorly attributed to factors, such as the increasing security and cyberattacks and growth in terrorism and hostile activities inside and in the adjacent countries of the Brazilian territory. An increase in demand for advanced command and control systems and rising procurement of next-generation weapons propel the market growth during the forecast period. The demand for the modernization of threat perception capabilities of the defense forces in Brazil is anticipated to drive the demand for C4ISR systems.
