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.
Base Year
Historical Period
Forecast Period
Colombia imported $3.67M worth of military weapons in 2022, ranking as the 48th largest importer of such goods globally.
Colombia's key sources of imports for military weapons are the United States and South Africa.
The defence sector is placing a greater emphasis on artificial intelligence due to its widespread utilisation in various areas such as independent decision-making, data analysis, and predictive maintenance for military equipment.
Compound Annual Growth Rate
3.81%
Value in USD Million
2025-2034
Colombia Defence Market Outlook
*this image is indicative*
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.
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:
Market Breakup by Type:
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.
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In 2024, the market reached an approximate value of USD 351.00 Million.
The market is estimated to grow at a CAGR of 3.81% between 2025 and 2034.
The market is estimated to witness a healthy growth during 2025-2034 to reach around USD 510.15 Million by 2034.
The growth of the defence sector in Colombia is primarily fuelled by cross-border tensions, geopolitical alliances, and heightened government investments.
The key trends of the market include increased defence funding by national agencies and the adoption of cutting-edge technologies in the defence sector.
The major armed forces include army, navy, and air force.
The major types are weapons and ammunition, vehicles, communication systems, and personnel training, simulation, and protection equipment.
The major players in the market are Lockheed Martin Corporation, The Boeing Company, Thales SA, INDUMIL, Colombian Aeronautical Industry Corporation CIAC SA, COTECMAR - Cartagena de Indias Colombia, and Naval Group, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Armed Forces |
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| Breakup by Type |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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