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2025-12-15 12:29:20 ·

Latin America Defense Market Growth, Forecast, and Outlook 2025-2033

Market Overview The Latin America defense market was valued at USD 61.36 Billion in 2024 and is projected to reach USD 96.83 Billion by 2033, with a CAGR of 4.80% during the forecast period of 2025-2033. Growth is driven by increased government defense budgets aimed at securing borders and modernizing military hardware, alongside challenges such as narcotics trafficking and organized crime....

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