Future of the Brazil Defense Industry - Market Share, Competitive Landscape and Forecasts to 2022
Brazilian Government reduced its budget and focused on implementing a transaction tax on the people to overcome the recession. Although the actual budget increased in terms of local currency from 2012 to 2016, it showed a downward trend in the dollar value owing to variations in the exchange rate. Military expenditure, which stands at US$29.3 Billion in 2017, registered at a CAGR of -2.96%. It is however, expected to grow at a CAGR of 5%+ during the forecast period. Download free request sample @ http://bit.ly/2Ar3jqw Brazilian homeland security expenditure is estimated to reach US$5.1 Billion in 2022. The country is spending heavily on border security and homeland infrastructure and the country is in the process of modernizing its border control and security infrastructure. In order to promote Brazil’s domestic defense industry, the majority of its arms imports deals include technology transfer obligations. However, a number of defense firms are either reluctant to sh...