| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| Market Size (2025) | USD 357.83 Million |
| Market Size (2030) | USD 397.01 Million |
| CAGR (2025 - 2030) | 2.10% |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Colombia Defense Market Analysis by Mordor Intelligence
The Colombia Defense Market size is estimated at USD 357.83 million in 2025, and is expected to reach USD 397.01 million by 2030, at a CAGR of 2.1% during the forecast period (2025-2030).
Although the COVID-19 pandemic affected the Colombian economy, its impact was not felt on the country's defense spending. The defense expenditure of Columbia has stood constant for the last 3 - 5 years. Colombia is actively engaged in the Colombian war and has a porous border with Venezuela. Furthermore, the country actively receives threats from its water border as part of the Caribbean sea. Therefore, it requires robust defense capabilities to counter enemy attacks on the land.
The Colombian Defense Ministry has a budget of approximately USD 10.4 billion, which is equivalent to roughly 12 percent of the total Colombian budget for 2021. The country's close democratic relations with the United States have a positive effect, with the United States supplying immense weaponry, vehicles, and other combat systems, while simultaneously offering financial aid.
Colombia Defense Market Trends and Insights
Army is Projected to Dominate the Market During the Forecast Period
The Colombian Defense Ministry has a budget of approximately USD 10.4 billion, equivalent to roughly 12 percent of the total Colombian budget for 2021. At the same time, most of the defense budget will be designated for operational activities, such as payroll, procurement of basic goods and services, and pensions. About four percent of the total budget (USD 507 million) will be invested in strengthening the security and strategic capacity of the Armed Forces through the purchase of equipment, hardware, weapons, ammunition, communication upgrades, and carrying out major scheduled maintenance for aging equipment and infrastructure such as accommodation, dining rooms, tracks, hangars, docks, and provision of a new headquarters for operations of the Ministry of Defense and the Armed Forces.
Colombia is always looking to upgrade its army with the latest technology of battlefield tanks, vehicles, artillery guns, and mortars to improve the effectiveness and army's capabilities. The army's in-service vehicles currently include the LAV III and EE-9 Cascavelland vehicles used for multiple purposes on a combat field. The country also uses BAE Land Systems Howitzer, NexterLG-1 Howitzer, and M101 Howitzer, among many other artillery vehicles used for combat.
With the country's need to counter constant threats from various radical groups, the Ministry of National Defense in Colombia is constantly looking for equipment procurements and upgrades. It invests significantly in improving the army's capabilities. For instance, in May 2022, the Ministry of Defense approved the purchase of 50 General Dynamics Land Systems (GDLS) 8x8 LAV III armored vehicles in a direct transaction made with the Land Systems business segment of General Dynamics. The army, with this purchase, aims to reinforce its operational and mobility capabilities, particularly on the border of la Guajira. The army also intends to renew and modernize its existing capabilities by incorporating Textron M1117 vehicles, with a keen interest in the M1A2 battle tank offered by GDLS. The country's defense expenditure has increased its capabilities over the years.
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Raising Funding From the United States will Boost Columbia Defense Sector
The United States and Colombia have strong bilateral relationships for defense equipment export, security assistance, and economic support. Both countries assigned several agreements for various trades and businesses. Through the United States-Colombia Action Plan, the Colombian armed forces get security training across the region and the world. The United States is Colombia's largest export destination and source of imports of various defense equipment. The United States provided over USD 13 billion in economic and security assistance under the Plan Colombia program launched in 1999-2000. The Plan Colombia was launched to counter guerrilla insurgency and drug trafficking. The United States Agency for International Development helped Colombia by providing millions of dollars to support rural livelihoods and implementing Colombia's peace accord of 2016.
In 2016, the Colombian government signed a peace accord with the Revolutionary Armed Forces of Colombia (FARC). Since then, the United States has provided more than USD 1 billion to support peace implementation. The United States is the largest contributor to the peace accord's implementation. The US government also committed help of more than USD 700 million to Colombia to address the Venezuelan crisis.
The United States government supports Colombia's strategy against criminal activities, such as illegal mining, narcotics production, deforestation, and security issues, such as counterterrorism and counter-narcotics. With substantial assistance from the United States in 2020, the Colombian government eradicated more than 130,000 hectares of coca and interdicted around 580 metric tons of cocaine. Further, in April 2021, the United States provided five UH-1 Bell Huey helicopters to enhance the military capabilities of the Colombian armed forces. In December 2021, the United States Southern Command donated 20 M1117 armored security vehicles at the Buenavista Military Fort. The United States and Colombia strengthen their military partnership as both countries mark the 200th anniversary of their diplomatic relationship.
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Competitive Landscape
The Colombia defense market is consolidated. Most of the players operating in the country are state-owned players with significant government investments in these companies. INDUMIL, CIAC, CODALTEC, and COTECMAR are some of the major players in the Colombia defense market. The country exercises stringent regulations against the privatization of the defense sector. This creates a huge market entry barrier for new entrants instead of helping the localization of the defense market. It can also reduce the market growth rate and slow down the government-owned defense companies in the country.
Colombia Defense Industry Leaders
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INDUMIL
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COTECMAR
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Textron Inc.
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Lockheed Martin Corporation
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Naval Group
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- In September 2022, Colombian state-owned shipbuilder COTECMAR and Dutch shipbuilding company Damen signed a contract for the co-development of the contractual design for the next generation of frigates for the Colombian Navy.
- In September 2022, Colombian President Gustavo Petro reactivated the process of acquiring new fighter jets to replace the country's aging Kfir fleet.
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Colombia Defense Market Report Scope
The study covers all aspects and provides insights into the budget allocation and spending in the Colombia defense market in the past and the present. The study includes details about the procurement and modernization plans of the Colombian Armed Forces.
The Colombia Defence Market is segmented by armed forces and types. By Armed Forces, the market is segmented into Army, Navy, and Air Force. By type, the market is segmented into Soldier Protective Equipment, Infantry Weapons, Explosives, Ammunitions, Armored Vehicles, Naval Vessels, Aircraft and Helicopters, Missile and Missile Defense Systems, Radar Systems, Artillery Weapons Munitions, Unmanned Systems, and Military Import and Export Products. The market sizing and forecasts for each segment have been provided by value (USD million).
By Armed Forces
| Army |
| Navy |
| Air Force |
By Type
| Soldier Protective Equipment |
| Infantry Weapons, Explosives, and Ammunitions |
| Armored Vehicles |
| Naval Vessels |
| Aircraft and Helicopters |
| Missile and Missile Defense Systems |
| Radar Systems |
| Artillery Weapons and Munitions |
| Unmanned Systems |
| Military Import and Export Products |
| By Armed Forces | Army |
| Navy | |
| Air Force | |
| By Type | Soldier Protective Equipment |
| Infantry Weapons, Explosives, and Ammunitions | |
| Armored Vehicles | |
| Naval Vessels | |
| Aircraft and Helicopters | |
| Missile and Missile Defense Systems | |
| Radar Systems | |
| Artillery Weapons and Munitions | |
| Unmanned Systems | |
| Military Import and Export Products |
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Key Questions Answered in the Report
How big is the Colombia Defense Market?
The Colombia Defense Market size is expected to reach USD 357.83 million in 2025 and grow at a CAGR of 2.10% to reach USD 397.01 million by 2030.
What is the current Colombia Defense Market size?
In 2025, the Colombia Defense Market size is expected to reach USD 357.83 million.
Who are the key players in Colombia Defense Market?
INDUMIL, COTECMAR, Textron Inc., Lockheed Martin Corporation and Naval Group are the major companies operating in the Colombia Defense Market.
What years does this Colombia Defense Market cover, and what was the market size in 2024?
In 2024, the Colombia Defense Market size was estimated at USD 350.32 million. The report covers the Colombia Defense Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Colombia Defense Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Colombia Defense Market Report
Statistics for the 2025 Colombia Defense market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Colombia Defense analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
