Colombia Defence Market Report and Forecast 2025-2034

The Colombia defence market size reached approximately USD 351.00 Million in 2024. The market is projected to grow at a CAGR of 3.81% between 2025 and 2034, reaching a value of around USD 510.15 Million by 2034.

As per the Colombia defence market analysis, the Colombian defence ministry's budget for 2023 stood at around USD 10.4 billion, representing approximately 10 per cent of the total Colombian budget for the same year (USD 101 billion). Most of this budget was allocated to operational expenses, including payroll, and procurement of essential goods and services, among others. A portion of about four per cent of the total budget (USD 416 million) was dedicated to enhancing the security and strategic capabilities of the armed forces. This investment was anticipated to cover the acquisition of equipment, hardware, weapons, ammunition, and communication upgrades, as well as the execution of significant scheduled maintenance or replacement of ageing equipment. These efforts underscore the strong commitment of the Colombian government to advance its defence sector.

Furthermore, the use of artificial intelligence in the defence sector greatly assists in analysing extensive amounts of data collected during flights, allowing for the detection of patterns, providing valuable insights, and even forecasting enemy actions. Additionally, small to medium-sized unmanned aerial vehicles (UAVs) are extensively employed for intelligence gathering, surveillance, and reconnaissance (ISR) purposes. These drones can linger over areas of interest, providing real-time video and sensor data to ground operators. UAVs have brought about a revolutionary change in defence technology.

Moreover, Colombia has a strong defence partnership with the United States. Colombia's armed forces still heavily rely on American support, primarily from the U.S. State Department's Bureau of International Narcotics and Law Enforcement (INL). Colombia was granted the status of Major Non-NATO Ally of the United States in 2022, which brings forth economic and military privileges. These privileges include advantages in defence trade and security cooperation, loans of material, supplies, and equipment for collaborative research and development, as well as enhanced cooperation in areas such as interoperability, building integrity, training, and education , leading to the Colombia defence market growth.

Market Segmentation

Colombia Defence Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Armed Forces:

Army
Navy
Air Force

Market Breakup by Type:

Weapons and Ammunition_x000D_ _x000D_ Artillery and Mortar Systems _x000D_ Infantry Weapons _x000D_ Missile and Missile Defence Systems _x000D_ Ammunitions _x000D_ _x000D_
Weapons and Ammunition_x000D_ _x000D_ Artillery and Mortar Systems _x000D_ Infantry Weapons _x000D_ Missile and Missile Defence Systems _x000D_ Ammunitions _x000D_ _x000D_
Vehicles_x000D_ _x000D_ Land-based Vehicles _x000D_ Sea-based Vehicles _x000D_ Air-based Vehicles _x000D_ _x000D_
Vehicles_x000D_ _x000D_ Land-based Vehicles _x000D_ Sea-based Vehicles _x000D_ Air-based Vehicles _x000D_ _x000D_
Communication Systems
Personnel Training, Simulation, and Protection Equipment

Competitive Landscape

The defence sector is currently witnessing a strong emphasis from market players on integrating advanced technologies. Additionally, there is a notable increase in the production of unmanned aerial aircraft, aimed at enhancing efficiency and reducing human efforts.

Lockheed Martin Corporation
The Boeing Company
Thales SA
INDUMIL
Colombian Aeronautical Industry Corporation CIAC SA
COTECMAR - Cartagena de Indias Colombia
Naval Group
Others